Sargent Investment Group LLC Raises Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Sargent Investment Group LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 12.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,312 shares of the electric vehicle producer’s stock after purchasing an additional 701 shares during the quarter. Sargent Investment Group LLC’s holdings in Tesla were worth $1,651,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. raised its stake in Tesla by 0.9% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer’s stock valued at $6,399,000 after acquiring an additional 331 shares during the period. Kingsview Wealth Management LLC boosted its holdings in Tesla by 0.5% in the 1st quarter. Kingsview Wealth Management LLC now owns 34,682 shares of the electric vehicle producer’s stock worth $6,097,000 after buying an additional 157 shares during the period. Orion Portfolio Solutions LLC raised its holdings in Tesla by 12.4% during the 1st quarter. Orion Portfolio Solutions LLC now owns 77,359 shares of the electric vehicle producer’s stock valued at $13,599,000 after acquiring an additional 8,534 shares during the period. Private Portfolio Partners LLC lifted its position in shares of Tesla by 21.0% during the first quarter. Private Portfolio Partners LLC now owns 2,077 shares of the electric vehicle producer’s stock worth $365,000 after acquiring an additional 360 shares in the last quarter. Finally, Brighton Jones LLC grew its position in shares of Tesla by 19.5% in the first quarter. Brighton Jones LLC now owns 72,529 shares of the electric vehicle producer’s stock valued at $12,750,000 after purchasing an additional 11,826 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the transaction, the senior vice president now owns 67,491 shares in the company, valued at $14,967,479.07. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the transaction, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 8,000 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $250.00, for a total value of $2,000,000.00. Following the completion of the sale, the chief financial officer now owns 105,032 shares of the company’s stock, valued at $26,258,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 188,797 shares of company stock valued at $57,616,781. Insiders own 20.70% of the company’s stock.

Tesla Stock Down 3.3 %

Shares of Tesla stock traded down $10.88 on Thursday, reaching $319.36. The company’s stock had a trading volume of 45,658,820 shares, compared to its average volume of 95,604,727. The company has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 87.07, a P/E/G ratio of 10.67 and a beta of 2.29. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $358.64. The firm’s fifty day simple moving average is $248.48 and its two-hundred day simple moving average is $218.94.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business had revenue of $25.18 billion for the quarter, compared to analysts’ expectations of $25.47 billion. During the same quarter in the prior year, the business earned $0.53 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities analysts anticipate that Tesla, Inc. will post 1.99 earnings per share for the current year.

Analysts Set New Price Targets

TSLA has been the subject of several recent analyst reports. Royal Bank of Canada boosted their target price on Tesla from $236.00 to $249.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. The Goldman Sachs Group lifted their target price on shares of Tesla from $230.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. William Blair assumed coverage on shares of Tesla in a research report on Thursday, August 29th. They set an “outperform” rating for the company. HSBC reissued a “reduce” rating and issued a $124.00 target price on shares of Tesla in a research note on Friday, October 11th. Finally, Bank of America raised their price target on Tesla from $265.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Eight equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $228.24.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.