Blackhawk Capital Partners LLC. Boosts Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Blackhawk Capital Partners LLC. grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 102.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,598 shares of the electric vehicle producer’s stock after purchasing an additional 2,827 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Tesla were worth $1,465,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Tesla by 0.9% in the first 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 purchasing an additional 331 shares in the last quarter. EntryPoint Capital LLC increased its position in Tesla by 264.1% during the first quarter. EntryPoint Capital LLC now owns 670 shares of the electric vehicle producer’s stock worth $118,000 after buying an additional 486 shares in the last quarter. Capital International Investors acquired a new position in shares of Tesla in the first quarter worth $48,068,000. Westwood Holdings Group Inc. lifted its position in shares of Tesla by 466.9% in the first quarter. Westwood Holdings Group Inc. now owns 15,799 shares of the electric vehicle producer’s stock valued at $2,777,000 after acquiring an additional 13,012 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in Tesla by 86.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 979,760 shares of the electric vehicle producer’s stock worth $172,232,000 after purchasing an additional 454,567 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TSLA shares. The Goldman Sachs Group raised their price target on Tesla from $230.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Robert W. Baird reaffirmed an “outperform” rating and set a $280.00 price target on shares of Tesla in a research report on Tuesday, August 20th. Wolfe Research initiated coverage on shares of Tesla in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Cantor Fitzgerald restated a “neutral” rating and set a $245.00 price objective on shares of Tesla in a report on Wednesday, October 23rd. Finally, KGI Securities upgraded Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 target price on the stock in a report on Thursday, October 24th. Nine analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Tesla has an average rating of “Hold” and an average target price of $230.18.

Insider Transactions at Tesla

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the sale, the director now owns 5,400 shares in the company, valued at approximately $1,868,508. This trade represents a 94.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 67,491 shares in the company, valued at $14,967,479.07. This represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 301,187 shares of company stock valued at $92,956,692. 20.70% of the stock is currently owned by corporate insiders.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $342.03 on Thursday. The firm has a market cap of $1.10 trillion, a price-to-earnings ratio of 93.71, a price-to-earnings-growth ratio of 11.24 and a beta of 2.29. The stock has a fifty day simple moving average of $259.42 and a two-hundred day simple moving average of $224.12. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $358.64.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 previous year, the firm posted $0.53 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts anticipate that Tesla, Inc. will post 1.99 earnings per share for the current year.

About Tesla

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.