Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Riverview Trust Co

Riverview Trust Co grew its stake in Tesla, Inc. (NASDAQ:TSLA) by 4.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,939 shares of the electric vehicle producer’s stock after purchasing an additional 75 shares during the quarter. Riverview Trust Co’s holdings in Tesla were worth $507,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Moss Adams Wealth Advisors LLC raised its stake in Tesla by 18.1% during the third quarter. Moss Adams Wealth Advisors LLC now owns 6,408 shares of the electric vehicle producer’s stock worth $1,677,000 after acquiring an additional 980 shares during the period. Generate Investment Management Ltd increased its stake in shares of Tesla by 74.1% in the third quarter. Generate Investment Management Ltd now owns 53,222 shares of the electric vehicle producer’s stock valued at $13,924,000 after purchasing an additional 22,653 shares during the period. KMG Fiduciary Partners LLC increased its stake in shares of Tesla by 2.0% in the third quarter. KMG Fiduciary Partners LLC now owns 15,490 shares of the electric vehicle producer’s stock valued at $4,053,000 after purchasing an additional 304 shares during the period. Net Worth Advisory Group acquired a new stake in shares of Tesla in the third quarter valued at approximately $1,075,000. Finally, Stratos Investment Management LLC increased its stake in shares of Tesla by 50.5% in the third quarter. Stratos Investment Management LLC now owns 2,761 shares of the electric vehicle producer’s stock valued at $722,000 after purchasing an additional 926 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the transaction, the senior vice president now directly owns 67,491 shares of the company’s stock, valued at $14,967,479.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the transaction, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robyn M. Denholm sold 66,364 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at approximately $18,696,600. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,661 shares of company stock valued at $16,663,291. 25.10% of the stock is currently owned by corporate insiders.

Tesla Trading Down 0.1 %

TSLA opened at $220.70 on Friday. The company has a market cap of $703.86 billion, a price-to-earnings ratio of 56.30, a price-to-earnings-growth ratio of 5.94 and a beta of 2.29. The firm has a 50 day simple moving average of $227.67 and a 200 day simple moving average of $205.12. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $271.00.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The business had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. Tesla had a return on equity of 10.41% and a net margin of 13.00%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS. On average, sell-side analysts anticipate that Tesla, Inc. will post 1.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. China Renaissance upgraded shares of Tesla from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a report on Friday, July 5th. Needham & Company LLC restated a “hold” rating on shares of Tesla in a report on Friday, October 11th. Stifel Nicolaus started coverage on shares of Tesla in a report on Tuesday, June 25th. They set a “buy” rating and a $265.00 target price for the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $310.00 price objective on shares of Tesla in a research note on Thursday, October 3rd. Finally, HSBC reaffirmed a “reduce” rating and issued a $124.00 price objective on shares of Tesla in a research note on Friday, October 11th. Nine equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Tesla presently has an average rating of “Hold” and a consensus target price of $210.72.

Tesla 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.