Douglass Winthrop Advisors LLC Purchases 90 Shares of Tesla, Inc. (NASDAQ:TSLA)

Douglass Winthrop Advisors LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 0.6% in the 3rd quarter, Holdings Channel reports. The firm owned 14,794 shares of the electric vehicle producer’s stock after buying an additional 90 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Tesla were worth $3,871,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of TSLA. Transcendent Capital Group LLC acquired a new stake in Tesla in the third quarter valued at about $29,000. Bank & Trust Co acquired a new stake in shares of Tesla in the 2nd quarter valued at approximately $25,000. Clean Yield Group grew its holdings in shares of Tesla by 60.0% during the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock valued at $33,000 after purchasing an additional 48 shares during the last quarter. Abich Financial Wealth Management LLC increased its position in Tesla by 168.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Finally, Valley Wealth Managers Inc. bought a new position in Tesla in the 2nd quarter valued at approximately $26,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TSLA. Canaccord Genuity Group boosted their target price on shares of Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on Tesla from $130.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. William Blair assumed coverage on Tesla in a research note on Thursday, August 29th. They set an “outperform” rating on the stock. Guggenheim upped their price objective on Tesla from $153.00 to $156.00 and gave the company a “sell” rating in a research note on Thursday, October 24th. Finally, Jefferies Financial Group lifted their target price on shares of Tesla from $195.00 to $300.00 and gave the stock a “hold” rating in a research report on Thursday, November 14th. Nine research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Tesla presently has a consensus rating of “Hold” and a consensus target price of $230.18.

Tesla Trading Up 3.8 %

Shares of Tesla stock opened at $352.56 on Monday. The stock has a market capitalization of $1.13 trillion, a PE ratio of 96.59, a price-to-earnings-growth ratio of 11.45 and a beta of 2.29. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $361.53. The stock has a 50 day moving average price of $264.07 and a two-hundred day moving average price of $226.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84.

Tesla (NASDAQ:TSLA) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter last year, the firm posted $0.53 EPS. Tesla’s revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts anticipate that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the completion of the sale, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $26,727,400. The trade was a 56.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the transaction, the director now owns 5,400 shares in the company, valued at $1,868,508. This represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 301,187 shares of company stock worth $92,956,692 in the last quarter. Insiders own 20.70% of the company’s stock.

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.