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

Whittier Trust Co. grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 2.2% in the fourth quarter, HoldingsChannel reports. The fund owned 128,964 shares of the electric vehicle producer’s stock after buying an additional 2,789 shares during the period. Whittier Trust Co.’s holdings in Tesla were worth $32,045,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Deuterium Capital Management LLC acquired a new position in shares of Tesla during the 2nd quarter valued at $1,314,000. Synergy Financial Group LTD increased its position in shares of Tesla by 7.3% during the 2nd quarter. Synergy Financial Group LTD now owns 6,432 shares of the electric vehicle producer’s stock valued at $1,684,000 after purchasing an additional 438 shares during the period. New Republic Capital LLC acquired a new position in Tesla during the second quarter worth about $429,000. Oak Ridge Investments LLC grew its holdings in Tesla by 4.6% during the third quarter. Oak Ridge Investments LLC now owns 32,230 shares of the electric vehicle producer’s stock worth $8,065,000 after acquiring an additional 1,405 shares during the period. Finally, Charter Oak Capital Management LLC grew its holdings in Tesla by 8.9% during the third quarter. Charter Oak Capital Management LLC now owns 1,271 shares of the electric vehicle producer’s stock worth $318,000 after acquiring an additional 104 shares during the period. Institutional investors own 41.87% of the company’s stock.

Tesla Stock Up 2.5 %

Shares of TSLA traded up $4.34 during trading hours on Wednesday, hitting $175.66. 83,260,627 shares of the company were exchanged, compared to its average volume of 104,865,063. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.25 and a current ratio of 1.73. The firm’s 50 day moving average is $193.48 and its 200-day moving average is $225.06. The company has a market cap of $559.44 billion, a PE ratio of 40.76, a PEG ratio of 3.91 and a beta of 2.41. Tesla, Inc. has a 52 week low of $152.37 and a 52 week high of $299.29.

Tesla (NASDAQ:TSLAGet Free Report) last released its quarterly earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a net margin of 15.50% and a return on equity of 16.62%. The firm had revenue of $25.17 billion for the quarter, compared to the consensus estimate of $25.64 billion. During the same quarter last year, the company earned $1.07 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. On average, equities research analysts forecast that Tesla, Inc. will post 2.45 EPS for the current fiscal year.

Insider Buying and Selling at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at $6,376,229.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $6,376,229.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Xiaotong Zhu sold 687 shares of Tesla stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The disclosure for this sale can be found here. Insiders sold a total of 198,598 shares of company stock valued at $36,952,434 in the last ninety days. Company insiders own 20.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Tesla from $260.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Royal Bank of Canada restated an “outperform” rating and issued a $297.00 price target on shares of Tesla in a research report on Thursday, February 29th. KGI Securities restated a “neutral” rating and issued a $213.00 target price (down from $309.00) on shares of Tesla in a report on Thursday, January 25th. Morgan Stanley decreased their target price on Tesla from $345.00 to $320.00 and set an “overweight” rating on the stock in a report on Wednesday, March 6th. Finally, Mizuho dropped their price target on Tesla from $310.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Ten analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $211.93.

Read Our Latest Analysis on TSLA

Tesla Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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