Montag A & Associates Inc. Buys 23 Shares of Tesla, Inc. (NASDAQ:TSLA)

Montag A & Associates Inc. grew its stake in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 2.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 972 shares of the electric vehicle producer’s stock after purchasing an additional 23 shares during the period. Montag A & Associates Inc.’s holdings in Tesla were worth $1,027,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Tesla by 4.7% in the third quarter. BlackRock Inc. now owns 52,829,488 shares of the electric vehicle producer’s stock worth $40,968,213,000 after buying an additional 2,377,179 shares during the period. Capital World Investors raised its holdings in shares of Tesla by 0.4% in the third quarter. Capital World Investors now owns 37,427,314 shares of the electric vehicle producer’s stock worth $29,024,320,000 after buying an additional 144,749 shares during the period. Geode Capital Management LLC raised its holdings in shares of Tesla by 7.0% in the third quarter. Geode Capital Management LLC now owns 13,169,939 shares of the electric vehicle producer’s stock worth $10,183,430,000 after buying an additional 858,839 shares during the period. Jennison Associates LLC raised its holdings in shares of Tesla by 2.9% in the third quarter. Jennison Associates LLC now owns 10,630,339 shares of the electric vehicle producer’s stock worth $8,243,615,000 after buying an additional 297,926 shares during the period. Finally, UBS Asset Management Americas Inc. raised its holdings in shares of Tesla by 5.9% in the third quarter. UBS Asset Management Americas Inc. now owns 3,685,063 shares of the electric vehicle producer’s stock worth $2,857,693,000 after buying an additional 203,941 shares during the period. 40.64% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Zachary Kirkhorn sold 1,250 shares of Tesla stock in a transaction dated Thursday, February 17th. The stock was sold at an average price of $913.26, for a total value of $1,141,575.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Andrew D. Baglino sold 897 shares of Tesla stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $845.39, for a total value of $758,314.83. The disclosure for this sale can be found here. In the last 90 days, insiders sold 418,251 shares of company stock valued at $374,394,436. 25.00% of the stock is owned by company insiders.

NASDAQ TSLA opened at $952.62 on Thursday. The stock has a 50-day simple moving average of $946.28 and a two-hundred day simple moving average of $987.85. The firm has a market capitalization of $986.92 billion, a P/E ratio of 129.26, a PEG ratio of 2.95 and a beta of 2.11. Tesla, Inc. has a fifty-two week low of $546.98 and a fifty-two week high of $1,243.49. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.35.

Tesla (NASDAQ:TSLAGet Rating) last released its quarterly earnings data on Wednesday, April 20th. The electric vehicle producer reported $3.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.96. Tesla had a return on equity of 28.11% and a net margin of 13.51%. The business had revenue of $18.76 billion during the quarter, compared to analyst estimates of $17.84 billion. During the same quarter last year, the business posted $0.39 EPS. The company’s revenue was up 80.5% on a year-over-year basis. As a group, analysts forecast that Tesla, Inc. will post 10.21 earnings per share for the current year.

Several equities research analysts have recently weighed in on the company. Cowen increased their price target on Tesla from $660.00 to $790.00 and gave the stock a “market perform” rating in a report on Monday, April 4th. StockNews.com assumed coverage on Tesla in a report on Thursday, March 31st. They set a “hold” rating on the stock. Wells Fargo & Company raised their price objective on Tesla from $910.00 to $960.00 and gave the stock an “equal weight” rating in a report on Thursday, April 21st. TheStreet upgraded Tesla from a “c+” rating to a “b-” rating in a report on Wednesday, April 27th. Finally, Oppenheimer raised their price objective on Tesla from $1,103.00 to $1,291.00 and gave the stock an “outperform” rating in a report on Thursday, April 21st. Eight research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $960.41.

About Tesla (Get Rating)

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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