Northeast Investment Management grew its stake in Tesla Inc (NASDAQ:TSLA) by 43.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 848 shares of the electric vehicle producer’s stock after purchasing an additional 255 shares during the period. Northeast Investment Management’s holdings in Tesla were worth $289,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware bought a new stake in shares of Tesla during the 3rd quarter worth approximately $106,000. Pittenger & Anderson Inc. lifted its stake in shares of Tesla by 20.0% during the 2nd quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock worth $108,000 after acquiring an additional 50 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in Tesla by 285.7% during the 2nd quarter. First Eagle Investment Management LLC now owns 405 shares of the electric vehicle producer’s stock worth $146,000 after purchasing an additional 300 shares during the period. First Personal Financial Services purchased a new position in Tesla during the 3rd quarter worth $148,000. Finally, WFG Advisors LP increased its holdings in Tesla by 106.8% during the 2nd quarter. WFG Advisors LP now owns 457 shares of the electric vehicle producer’s stock worth $165,000 after purchasing an additional 236 shares during the period. 57.20% of the stock is owned by institutional investors and hedge funds.

Shares of Tesla Inc (NASDAQ:TSLA) opened at $303.70 on Wednesday. Tesla Inc has a 52-week low of $182.68 and a 52-week high of $389.61. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, topping the Zacks’ consensus estimate of ($3.09) by $0.17. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the firm posted $0.71 EPS. The firm’s revenue was up 29.9% compared to the same quarter last year. analysts predict that Tesla Inc will post -11.38 earnings per share for the current fiscal year.

In related news, VP Eric Branderiz sold 1,736 shares of Tesla stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $339.49, for a total value of $589,354.64. Following the completion of the transaction, the vice president now owns 1,736 shares in the company, valued at approximately $589,354.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kimbal Musk sold 2,190 shares of Tesla stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $341.69, for a total value of $748,301.10. The disclosure for this sale can be found here. In the last three months, insiders sold 10,188 shares of company stock valued at $3,310,563. Insiders own 23.10% of the company’s stock.

TSLA has been the topic of several research reports. Vetr upgraded Tesla from a “strong sell” rating to a “sell” rating and set a $320.97 price objective on the stock in a report on Friday, October 13th. Morgan Stanley restated a “hold” rating and set a $317.00 price objective on shares of Tesla in a report on Thursday, September 7th. Sanford C. Bernstein restated a “market perform” rating and set a $265.00 price objective on shares of Tesla in a report on Tuesday, October 3rd. Jefferies Group downgraded Tesla from an “in-line” rating to an “underperform” rating and reduced their price objective for the stock from $312.00 to $240.00 in a report on Friday, October 27th. Finally, KeyCorp reiterated a “hold” rating on shares of Tesla in a report on Friday, November 10th. Twelve equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company. Tesla currently has a consensus rating of “Hold” and an average price target of $331.56.

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About Tesla

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.

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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