Green Square Capital LLC Takes $257000 Position in Tesla Inc (NASDAQ:TSLA)

Green Square Capital LLC acquired a new position in shares of Tesla Inc (NASDAQ:TSLA) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 753 shares of the electric vehicle producer’s stock, valued at approximately $257,000.

Other institutional investors also recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Tesla during the third quarter worth $106,000. Pittenger & Anderson Inc. increased its position in shares of Tesla by 20.0% during the second quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock worth $108,000 after acquiring an additional 50 shares during the period. First Eagle Investment Management LLC grew its stake in shares of Tesla by 285.7% during the second quarter. First Eagle Investment Management LLC now owns 405 shares of the electric vehicle producer’s stock worth $146,000 after purchasing an additional 300 shares in the last quarter. First Personal Financial Services acquired a new position in shares of Tesla during the third quarter worth $148,000. Finally, WFG Advisors LP grew its stake in shares of Tesla by 106.8% during the second quarter. WFG Advisors LP now owns 457 shares of the electric vehicle producer’s stock worth $165,000 after purchasing an additional 236 shares in the last quarter. 57.12% of the stock is currently owned by institutional investors and hedge funds.

TSLA has been the topic of several research reports. ValuEngine upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Sanford C. Bernstein set a $265.00 price target on shares of Tesla and gave the company a “hold” rating in a report on Monday, November 13th. Barclays reiterated a “sell” rating on shares of Tesla in a report on Sunday, October 15th. Royal Bank of Canada dropped their target price on shares of Tesla from $345.00 to $340.00 and set a “sector perform” rating on the stock in a report on Thursday, November 2nd. Finally, Vetr upgraded shares of Tesla from a “strong sell” rating to a “sell” rating and set a $282.88 target price on the stock in a report on Thursday, November 2nd. Twelve analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. Tesla has a consensus rating of “Hold” and an average target price of $329.45.

In related news, Director Kimbal Musk sold 2,190 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $330.29, for a total transaction of $723,335.10. Following the completion of the transaction, the director now owns 154,419 shares in the company, valued at $51,003,051.51. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Eric Branderiz sold 1,736 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $339.49, for a total transaction of $589,354.64. Following the completion of the transaction, the vice president now owns 1,736 shares of the company’s stock, valued at approximately $589,354.64. The disclosure for this sale can be found here. Insiders have sold a total of 12,817 shares of company stock valued at $4,171,699 in the last quarter. Company insiders own 23.10% of the company’s stock.

Shares of Tesla Inc (TSLA) traded down $4.01 during midday trading on Friday, hitting $311.35. The stock had a trading volume of 3,767,656 shares, compared to its average volume of 6,334,843. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.71 and a current ratio of 1.09. Tesla Inc has a 12-month low of $210.96 and a 12-month high of $389.61. The stock has a market capitalization of $52,376.53, a P/E ratio of -36.37 and a beta of 0.95.

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

ILLEGAL ACTIVITY NOTICE: “Green Square Capital LLC Takes $257,000 Position in Tesla Inc (NASDAQ:TSLA)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/12/30/753-shares-in-tesla-inc-tsla-acquired-by-green-square-capital-llc.html.

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)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.

Let's block ads! (Why?)