Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Viewpoint Capital Management LLC

Viewpoint Capital Management LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,607 shares of the electric vehicle producer’s stock after acquiring an additional 88 shares during the quarter. Tesla comprises approximately 2.7% of Viewpoint Capital Management LLC’s portfolio, making the stock its 9th biggest holding. Viewpoint Capital Management LLC’s holdings in Tesla were worth $4,846,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Masso Torrence Wealth Management Inc. lifted its holdings in shares of Tesla by 3.7% in the third quarter. Masso Torrence Wealth Management Inc. now owns 5,333 shares of the electric vehicle producer’s stock valued at $1,395,000 after purchasing an additional 188 shares in the last quarter. NorthCrest Asset Manangement LLC raised its holdings in shares of Tesla by 6.5% in the third quarter. NorthCrest Asset Manangement LLC now owns 8,765 shares of the electric vehicle producer’s stock worth $2,293,000 after acquiring an additional 536 shares during the last quarter. Forsta AP Fonden boosted its stake in shares of Tesla by 11.4% during the third quarter. Forsta AP Fonden now owns 734,700 shares of the electric vehicle producer’s stock valued at $192,220,000 after acquiring an additional 75,100 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Tesla by 10.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,495,942 shares of the electric vehicle producer’s stock worth $388,470,000 after purchasing an additional 140,187 shares in the last quarter. Finally, Osborne Partners Capital Management LLC purchased a new position in Tesla in the 3rd quarter valued at about $229,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the firm’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 completion of the transaction, the senior vice president now directly owns 67,491 shares in the company, valued at $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other Tesla news, CFO Vaibhav Taneja sold 8,000 shares of Tesla stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $250.00, for a total transaction 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction 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 $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 25.10% of the stock is currently owned by company insiders.

Tesla Price Performance

Shares of NASDAQ TSLA traded up $8.71 during midday trading on Friday, reaching $269.19. The company’s stock had a trading volume of 161,611,931 shares, compared to its average volume of 94,680,352. The company has a market cap of $858.50 billion, a price-to-earnings ratio of 68.67, a price-to-earnings-growth ratio of 6.24 and a beta of 2.29. Tesla, Inc. has a one year low of $138.80 and a one year high of $271.00. The company has a current ratio of 1.91, a quick ratio of 1.40 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average price of $229.47 and a 200 day moving average price of $206.79.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. The company had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a return on equity of 10.41% and a net margin of 13.00%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 EPS. On average, equities research analysts expect that Tesla, Inc. will post 1.75 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TSLA shares. Robert W. Baird restated an “outperform” rating and set a $280.00 target price on shares of Tesla in a research report on Tuesday, August 20th. Guggenheim upped their price objective on shares of Tesla from $153.00 to $156.00 and gave the company a “sell” rating in a research note on Thursday. Canaccord Genuity Group boosted their target price on shares of Tesla from $254.00 to $278.00 and gave the company a “buy” rating in a report on Thursday. Sanford C. Bernstein reiterated an “underperform” rating and issued a $120.00 price target on shares of Tesla in a report on Thursday, October 3rd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $245.00 target price on shares of Tesla in a research report on Wednesday. Eight equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $219.00.

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.