Tesla Inc. (NASDAQ:TSLA) Shares Bought by Smith Moore & CO.

Smith Moore & CO. grew its holdings in Tesla Inc. (NASDAQ:TSLA) by 56.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 972 shares of the electric vehicle producer’s stock after acquiring an additional 350 shares during the quarter. Smith Moore & CO.’s holdings in Tesla were worth $332,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Pittenger & Anderson Inc. boosted its holdings in Tesla by 20.0% in the second quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock valued at $108,000 after acquiring an additional 50 shares during the last quarter. Winfield Associates Inc. boosted its holdings in Tesla by 85.2% in the second quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer’s stock valued at $118,000 after acquiring an additional 150 shares during the last quarter. North Star Investment Management Corp. boosted its holdings in Tesla by 2.8% in the second quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock valued at $122,000 after acquiring an additional 9 shares during the last quarter. Acropolis Investment Management LLC acquired a new position in Tesla in the second quarter valued at $122,000. Finally, Carroll Financial Associates Inc. boosted its holdings in Tesla by 8.7% in the second quarter. Carroll Financial Associates Inc. now owns 349 shares of the electric vehicle producer’s stock valued at $126,000 after acquiring an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 55.71% of the company’s stock.

TSLA has been the topic of several research reports. Vetr raised shares of Tesla from a “buy” rating to a “strong-buy” rating and set a $374.78 target price on the stock in a research note on Thursday, July 27th. Jefferies Group LLC downgraded shares of Tesla from an “in-line” rating to an “underperform” rating and cut their target price for the company from $312.00 to $240.00 in a research note on Friday, October 27th. Goldman Sachs Group Inc reissued a “sell” rating and set a $180.00 target price (down from $190.00) on shares of Tesla in a research note on Monday, July 31st. Nomura reissued a “buy” rating and set a $500.00 target price on shares of Tesla in a research note on Tuesday, October 31st. Finally, Sanford C. Bernstein set a $265.00 target price on shares of Tesla and gave the company a “neutral” rating in a research note on Thursday, July 27th. Ten research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. Tesla currently has an average rating of “Hold” and an average price target of $329.87.

In other Tesla news, VP John Douglas Field sold 600 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $301.60, for a total transaction of $180,960.00. Following the sale, the vice president now directly owns 21,424 shares of the company’s stock, valued at approximately $6,461,478.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Eric Branderiz sold 99 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $350.12, for a total transaction of $34,661.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,741 shares of company stock valued at $3,579,311. 23.10% of the stock is owned by corporate insiders.

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Tesla Inc. (NASDAQ TSLA) opened at $312.60 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66. Tesla Inc. has a 52-week low of $180.00 and a 52-week high of $389.61.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.09) by $0.17. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.94 billion. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The company’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 earnings per share. analysts expect that Tesla Inc. will post -11.38 earnings per share for the current fiscal year.

Tesla Profile

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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