Energy Opportunities Capital Management LLC acquired a new position in Tesla Inc (NASDAQ:TSLA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,817 shares of the electric vehicle producer’s stock, valued at approximately $1,302,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSLA. Wealthcare Advisory Partners LLC purchased a new stake in Tesla during the 3rd quarter valued at about $100,000. Mckinley Capital Management LLC Delaware purchased a new stake in Tesla during the 3rd quarter valued at about $106,000. Pittenger & Anderson Inc. boosted its holdings in Tesla by 20.0% during the 2nd quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock valued at $108,000 after acquiring an additional 50 shares during the period. First Eagle Investment Management LLC boosted 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 valued at $146,000 after acquiring an additional 300 shares during the period. Finally, First Personal Financial Services purchased a new stake in Tesla during the 3rd quarter valued at about $148,000. Hedge funds and other institutional investors own 57.20% of the company’s stock.

In other news, VP Eric Branderiz sold 1,736 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $589,354.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John Douglas Field sold 600 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $301.60, for a total value of $180,960.00. Following the completion of the transaction, the vice president now directly owns 21,424 shares of the company’s stock, valued at approximately $6,461,478.40. The disclosure for this sale can be found here. Insiders sold a total of 11,417 shares of company stock valued at $3,694,761 in the last three months. Corporate insiders own 23.10% of the company’s stock.

Tesla Inc (TSLA) opened at $337.89 on Friday. Tesla Inc has a 52-week low of $197.39 and a 52-week high of $389.61. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the company earned $0.71 EPS. The business’s revenue was up 29.9% compared to the same quarter last year. sell-side analysts anticipate that Tesla Inc will post -11.38 earnings per share for the current fiscal year.

Several brokerages recently weighed in on TSLA. Sanford C. Bernstein set a $265.00 target price on Tesla and gave the company a “neutral” rating in a report on Wednesday, September 20th. Jefferies Group began coverage on Tesla in a report on Tuesday, September 19th. They set an “underperform” rating and a $280.00 target price for the company. They noted that the move was a valuation call. Instinet began coverage on Tesla in a report on Wednesday, October 4th. They set a “buy” rating and a $500.00 target price for the company. Vetr upgraded Tesla from a “strong sell” rating to a “sell” rating and set a $308.16 target price for the company in a report on Tuesday, October 3rd. Finally, Nomura began coverage on Tesla in a report on Wednesday, October 4th. They set a “buy” rating and a $500.00 target price for the company. Thirteen research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. Tesla presently has an average rating of “Hold” and an average price target of $331.04.

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Tesla 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.

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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