Tesla Inc. (TSLA) is TB Alternative Assets Ltd.’s 8th Largest Position
TB Alternative Assets Ltd. raised its position in Tesla Inc. (NASDAQ:TSLA) by 63.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,100 shares of the electric vehicle producer’s stock after buying an additional 4,300 shares during the period. Tesla accounts for about 1.4% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 8th biggest position. TB Alternative Assets Ltd.’s holdings in Tesla were worth $3,786,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in TSLA. Pittenger & Anderson Inc. boosted its position in Tesla by 20.0% in the second quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock valued at $108,000 after buying an additional 50 shares in the last quarter. Winfield Associates Inc. boosted its position in Tesla by 85.2% in the second quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer’s stock valued at $118,000 after buying an additional 150 shares in the last quarter. Acropolis Investment Management LLC acquired a new position in Tesla in the second quarter valued at about $122,000. North Star Investment Management Corp. boosted its position in Tesla by 2.8% in the second quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock valued at $122,000 after buying an additional 9 shares in the last quarter. Finally, Carroll Financial Associates Inc. boosted its position in Tesla by 8.7% in the second quarter. Carroll Financial Associates Inc. now owns 349 shares of the electric vehicle producer’s stock valued at $126,000 after buying an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 56.62% of the company’s stock.
A number of equities analysts have commented on the stock. Robert W. Baird restated an “outperform” rating and issued a $411.00 price target on shares of Tesla in a research report on Monday, September 18th. Jefferies Group LLC assumed coverage on shares of Tesla in a research report on Tuesday, September 19th. They issued an “underperform” rating and a $280.00 price target on the stock. They noted that the move was a valuation call. Sanford C. Bernstein set a $265.00 price target on shares of Tesla and gave the company a “neutral” rating in a research report on Wednesday, September 20th. Vetr upgraded shares of Tesla from a “strong sell” rating to a “sell” rating and set a $341.74 price target on the stock in a research report on Wednesday, September 20th. Finally, Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a $200.00 price target (up from $180.00) on shares of Tesla in a research report on Wednesday, August 9th. Eleven equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company. Tesla currently has an average rating of “Hold” and an average target price of $327.20.
In other news, VP Eric Branderiz sold 99 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $350.12, for a total transaction of $34,661.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kimbal Musk sold 2,190 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $321.36, for a total value of $703,778.40. Following the transaction, the director now owns 160,274 shares of the company’s stock, valued at $51,505,652.64. The disclosure for this sale can be found here. Insiders have sold 51,446 shares of company stock valued at $17,504,929 over the last 90 days. Corporate insiders own 23.10% of the company’s stock.
Tesla Inc. (NASDAQ:TSLA) traded down 0.21% during mid-day trading on Monday, hitting $344.38. 1,831,762 shares of the stock traded hands. The firm’s market cap is $57.47 billion. The firm’s 50-day moving average is $355.47 and its 200 day moving average is $339.93. Tesla Inc. has a 52-week low of $178.19 and a 52-week high of $389.61.
Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share for the quarter, beating the consensus estimate of ($2.00) by $0.67. Tesla had a negative return on equity of 16.36% and a negative net margin of 7.61%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the company earned ($1.06) earnings per share. The company’s revenue was up 119.6% on a year-over-year basis. Equities analysts predict that Tesla Inc. will post ($6.59) EPS for the current fiscal year.
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Tesla Company Profile
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
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