Tesla Inc (TSLA) Shares Bought by Apriem Advisors

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Apriem Advisors raised its stake in Tesla Inc (NASDAQ:TSLA) by 352.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,631 shares of the electric vehicle producer’s stock after purchasing an additional 2,828 shares during the period. Apriem Advisors’ holdings in Tesla were worth $1,208,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Alliancebernstein L.P. grew its holdings in shares of Tesla by 0.4% during the third quarter. Alliancebernstein L.P. now owns 85,587 shares of the electric vehicle producer’s stock valued at $22,661,000 after buying an additional 328 shares during the last quarter. Rafferty Asset Management LLC grew its holdings in shares of Tesla by 39.7% during the third quarter. Rafferty Asset Management LLC now owns 6,647 shares of the electric vehicle producer’s stock valued at $1,760,000 after buying an additional 1,890 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Tesla by 1.1% during the third quarter. Canada Pension Plan Investment Board now owns 129,406 shares of the electric vehicle producer’s stock valued at $34,263,000 after buying an additional 1,400 shares during the last quarter. Focused Wealth Management Inc grew its holdings in shares of Tesla by 13.3% during the third quarter. Focused Wealth Management Inc now owns 3,420 shares of the electric vehicle producer’s stock valued at $906,000 after buying an additional 401 shares during the last quarter. Finally, Pictet Asset Management Ltd. grew its holdings in shares of Tesla by 76.8% during the third quarter. Pictet Asset Management Ltd. now owns 274,168 shares of the electric vehicle producer’s stock valued at $72,591,000 after buying an additional 119,054 shares during the last quarter. 59.50% of the stock is owned by hedge funds and other institutional investors.

In other Tesla news, insider Jeffrey B. Straubel sold 15,000 shares of the business’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $325.64, for a total value of $4,884,600.00. Following the transaction, the insider now directly owns 311,398 shares in the company, valued at $101,403,644.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Antonio J. Gracias sold 16,780 shares of the business’s stock in a transaction that occurred on Thursday, January 17th. The shares were sold at an average price of $348.22, for a total transaction of $5,843,131.60. Following the completion of the sale, the director now directly owns 17,018 shares in the company, valued at approximately $5,926,007.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 115,740 shares of company stock worth $36,398,588. Corporate insiders own 22.80% of the company’s stock.

TSLA opened at $260.42 on Tuesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.52 and a current ratio of 0.83. The stock has a market capitalization of $45.69 billion, a price-to-earnings ratio of -45.53, a P/E/G ratio of 4.62 and a beta of 0.37. Tesla Inc has a twelve month low of $244.59 and a twelve month high of $387.46.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, January 30th. The electric vehicle producer reported $1.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.93. The firm had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.09 billion. Tesla had a negative net margin of 4.55% and a negative return on equity of 18.50%. The company’s quarterly revenue was up 119.8% on a year-over-year basis. During the same period in the previous year, the company earned ($3.04) earnings per share. As a group, research analysts anticipate that Tesla Inc will post 1.64 earnings per share for the current fiscal year.

TSLA has been the subject of a number of analyst reports. BidaskClub cut shares of Tesla from a “buy” rating to a “hold” rating in a report on Saturday, December 1st. Wolfe Research lifted their price objective on shares of Tesla from $410.00 to $430.00 and gave the company an “outperform” rating in a report on Thursday, December 6th. Jefferies Financial Group upgraded shares of Tesla from a “hold” rating to a “buy” rating and lifted their price objective for the company from $360.00 to $450.00 in a report on Friday, December 7th. Robert W. Baird reiterated an “outperform” rating and set a $465.00 price objective (up from $411.00) on shares of Tesla in a report on Thursday, December 13th. They noted that the move was a valuation call. Finally, Wedbush started coverage on shares of Tesla in a report on Thursday, December 13th. They set an “outperform” rating and a $440.00 price target on the stock. Fifteen equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $327.03.

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About Tesla

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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