Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Brown Shipley& Co Ltd

Brown Shipley& Co Ltd grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,442 shares of the electric vehicle producer’s stock after purchasing an additional 109 shares during the quarter. Tesla makes up about 3.4% of Brown Shipley& Co Ltd’s portfolio, making the stock its 12th biggest holding. Brown Shipley& Co Ltd’s holdings in Tesla were worth $6,819,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Objective Capital Management LLC boosted its stake in Tesla by 10.6% during the 4th quarter. Objective Capital Management LLC now owns 1,780 shares of the electric vehicle producer’s stock worth $442,000 after purchasing an additional 170 shares during the last quarter. SageView Advisory Group LLC raised its holdings in shares of Tesla by 93.7% during the 4th quarter. SageView Advisory Group LLC now owns 19,170 shares of the electric vehicle producer’s stock worth $4,763,000 after acquiring an additional 9,271 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Tesla by 38.5% during the 4th quarter. Fisher Asset Management LLC now owns 21,119 shares of the electric vehicle producer’s stock worth $5,248,000 after acquiring an additional 5,874 shares during the period. Gerber LLC purchased a new position in shares of Tesla during the 4th quarter worth $12,924,000. Finally, Slagle Financial LLC raised its holdings in shares of Tesla by 83.9% during the 4th quarter. Slagle Financial LLC now owns 3,678 shares of the electric vehicle producer’s stock worth $914,000 after acquiring an additional 1,678 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

TSLA has been the topic of several analyst reports. Royal Bank of Canada reduced their price target on Tesla from $294.00 to $293.00 and set an “outperform” rating on the stock in a report on Wednesday, April 24th. Guggenheim restated a “sell” rating and issued a $122.00 price objective on shares of Tesla in a report on Tuesday, April 23rd. Oppenheimer restated a “market perform” rating on shares of Tesla in a report on Wednesday, April 24th. Citigroup restated a “neutral” rating on shares of Tesla in a report on Wednesday, June 12th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $175.00 price objective on shares of Tesla in a report on Friday. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $185.90.

Tesla Stock Performance

Shares of TSLA opened at $187.44 on Tuesday. The company has a market capitalization of $597.78 billion, a price-to-earnings ratio of 47.82, a price-to-earnings-growth ratio of 4.41 and a beta of 2.32. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $299.29. The stock has a 50 day moving average price of $173.19 and a 200 day moving average price of $194.61. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The business had revenue of $21.30 billion during the quarter, compared to the consensus estimate of $22.15 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. Research analysts predict that Tesla, Inc. will post 1.87 EPS for the current fiscal year.

Insider Activity

In other news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of the sale, the director now directly owns 15,000 shares of the company’s stock, valued at $2,772,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Xiaotong Zhu sold 650 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the sale, the senior vice president now owns 65,155 shares in the company, valued at $11,350,652.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,855 shares of company stock valued at $19,285,643. 20.90% of the stock is currently owned by company insiders.

Tesla 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.