Pittenger & Anderson Inc. grew its position in Tesla Inc. (NASDAQ:TSLA) by 20.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 300 shares of the electric vehicle producer’s stock after purchasing an additional 50 shares during the period. Pittenger & Anderson Inc.’s holdings in Tesla were worth $108,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. SRS Capital Advisors Inc. raised its holdings in shares of Tesla by 1,213.3% in the first quarter. SRS Capital Advisors Inc. now owns 394 shares of the electric vehicle producer’s stock valued at $109,000 after purchasing an additional 364 shares during the last quarter. Winfield Associates Inc. raised its holdings in shares of 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 purchasing an additional 150 shares during the last quarter. Acropolis Investment Management LLC purchased a new stake in shares of Tesla in the second quarter valued at about $122,000. North Star Investment Management Corp. raised its holdings in shares of 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 purchasing an additional 9 shares during the last quarter. Finally, Carroll Financial Associates Inc. raised its holdings in shares of 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 purchasing an additional 28 shares during the last quarter. Institutional investors own 56.67% of the company’s stock.
In other news, Director Stephen T. Jurvetson sold 44,777 shares of Tesla stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $340.36, for a total value of $15,240,299.72. Following the sale, the director now directly owns 36,111 shares of the company’s stock, valued at $12,290,739.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Eric Branderiz sold 99 shares of Tesla stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $350.12, for a total value of $34,661.88. The disclosure for this sale can be found here. Insiders sold 53,946 shares of company stock worth $18,481,047 over the last ninety days. Corporate insiders own 23.10% of the company’s stock.
Tesla Inc. (NASDAQ TSLA) opened at 343.40 on Friday. The firm’s 50 day moving average is $347.46 and its 200 day moving average is $319.21. Tesla Inc. has a 1-year low of $178.19 and a 1-year high of $386.99. The stock’s market capitalization is $57.31 billion.
Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) EPS for the quarter, beating the Zacks’ consensus estimate of ($2.00) by $0.67. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Tesla had a negative return on equity of 16.36% and a negative net margin of 7.61%. The business’s revenue was up 119.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.06) earnings per share. On average, equities research analysts anticipate that Tesla Inc. will post ($6.26) earnings per share for the current year.
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Several analysts have recently commented on TSLA shares. Vetr upgraded shares of Tesla from a “buy” rating to a “strong-buy” rating and set a $374.78 target price for the company in a report on Thursday, July 27th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a $180.00 price target (down previously from $190.00) on shares of Tesla in a research report on Monday, July 31st. Sanford C. Bernstein set a $265.00 price target on shares of Tesla and gave the company a “neutral” rating in a research report on Thursday, July 27th. Guggenheim increased their price target on shares of Tesla from $320.00 to $380.00 and gave the company a “buy” rating in a research report on Monday, May 15th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $314.00 price target on shares of Tesla in a research report on Thursday, May 25th. Eight analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $313.70.
Tesla Company 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.
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