Tesla Inc (TSLA) Stake Boosted by Personal Capital Advisors Corp

Personal Capital Advisors Corp increased its holdings in shares of Tesla Inc (NASDAQ:TSLA) by 9.3% during the 4th quarter, HoldingsChannel reports. The firm owned 74,418 shares of the electric vehicle producer’s stock after purchasing an additional 6,344 shares during the period. Personal Capital Advisors Corp’s holdings in Tesla were worth $23,170,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TSLA. Prudential Financial Inc. raised its position in Tesla by 12.3% in the 2nd quarter. Prudential Financial Inc. now owns 8,031 shares of the electric vehicle producer’s stock valued at $2,904,000 after buying an additional 880 shares during the last quarter. Principal Financial Group Inc. raised its position in Tesla by 10.9% in the 2nd quarter. Principal Financial Group Inc. now owns 8,775 shares of the electric vehicle producer’s stock valued at $3,173,000 after buying an additional 861 shares during the last quarter. Schroder Investment Management Group raised its position in Tesla by 16.8% in the 2nd quarter. Schroder Investment Management Group now owns 1,237 shares of the electric vehicle producer’s stock valued at $446,000 after buying an additional 178 shares during the last quarter. Franklin Resources Inc. raised its position in Tesla by 3.3% in the 2nd quarter. Franklin Resources Inc. now owns 39,338 shares of the electric vehicle producer’s stock valued at $14,225,000 after buying an additional 1,275 shares during the last quarter. Finally, AXA raised its position in Tesla by 18.7% in the 2nd quarter. AXA now owns 2,488 shares of the electric vehicle producer’s stock valued at $900,000 after buying an additional 392 shares during the last quarter. 57.13% of the stock is currently owned by institutional investors and hedge funds.

Tesla Inc (TSLA) traded up $5.45 during trading hours on Friday, hitting $350.02. The company’s stock had a trading volume of 4,880,000 shares, compared to its average volume of 5,840,000. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71. Tesla Inc has a 52-week low of $240.75 and a 52-week high of $389.61. The firm has a market cap of $58,830.00, a price-to-earnings ratio of -40.89 and a beta of 0.94.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.09) by $0.17. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the company posted $0.71 EPS. The firm’s revenue for the quarter was up 29.9% compared to the same quarter last year. equities research analysts forecast that Tesla Inc will post -11.38 EPS for the current year.

In other news, VP John Douglas Field sold 600 shares of Tesla stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $301.60, for a total transaction of $180,960.00. Following the completion of the transaction, the vice president now directly owns 21,424 shares in the company, valued at approximately $6,461,478.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Eric Branderiz sold 1,736 shares of Tesla stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $339.49, for a total value of $589,354.64. Following the transaction, the vice president now owns 1,736 shares of the company’s stock, valued at $589,354.64. The disclosure for this sale can be found here. Insiders have sold a total of 15,692 shares of company stock valued at $5,026,873 over the last quarter. 23.10% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently issued reports on TSLA shares. Robert W. Baird reissued a “buy” rating and issued a $411.00 target price on shares of Tesla in a research report on Friday, September 29th. Instinet started coverage on Tesla in a research report on Wednesday, October 4th. They issued a “buy” rating and a $500.00 target price on the stock. Nomura started coverage on Tesla in a research report on Wednesday, October 4th. They issued a “buy” rating and a $500.00 target price on the stock. Guggenheim reissued a “buy” rating and issued a $430.00 target price on shares of Tesla in a research report on Friday, October 6th. Finally, Piper Jaffray Companies set a $386.00 target price on Tesla and gave the company a “buy” rating in a research report on Monday, October 16th. Eleven equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $329.48.

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Tesla 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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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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