Westbourne Investments Inc. Purchases Shares of 1,700 Tesla, Inc. $TSLA

Westbourne Investments Inc. purchased a new position in Tesla, Inc. (NASDAQ:TSLAFree Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,700 shares of the electric vehicle producer’s stock, valued at approximately $776,000.

Other large investors also recently made changes to their positions in the company. Chapman Financial Group LLC purchased a new position in shares of Tesla in the second quarter worth approximately $26,000. LGT Financial Advisors LLC purchased a new position in Tesla during the 2nd quarter worth approximately $29,000. Manning & Napier Advisors LLC acquired a new stake in Tesla during the 3rd quarter valued at $29,000. CoreFirst Bank & Trust purchased a new stake in shares of Tesla in the second quarter valued at $30,000. Finally, ESL Trust Services LLC boosted its position in shares of Tesla by 1,900.0% in the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after buying an additional 95 shares during the period. Institutional investors own 66.20% of the company’s stock.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

Insider Buying and Selling at Tesla

In other news, Director Kimbal Musk sold 56,820 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total value of $25,606,501.20. Following the sale, the director owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. This trade represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 2,637 shares of the business’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the transaction, the chief financial officer directly owned 13,757 shares in the company, valued at $6,107,145.01. This trade represents a 16.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 119,457 shares of company stock valued at $53,501,145 in the last 90 days. 19.90% of the stock is currently owned by insiders.

Tesla Price Performance

NASDAQ TSLA opened at $425.21 on Wednesday. The company has a market cap of $1.60 trillion, a P/E ratio of 393.71, a P/E/G ratio of 13.98 and a beta of 1.86. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $498.83. The company has a current ratio of 2.16, a quick ratio of 1.77 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $446.11 and a 200 day simple moving average of $413.26.

Tesla (NASDAQ:TSLAGet Free Report) last released its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $24.90 billion during the quarter, compared to analyst estimates of $24.75 billion. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The business’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.73 EPS. On average, sell-side analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analysts Forecast Growth

TSLA has been the subject of a number of research reports. William Blair restated a “market perform” rating on shares of Tesla in a research report on Friday, January 2nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $510.00 price target on shares of Tesla in a research report on Thursday, January 29th. Wall Street Zen raised shares of Tesla from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Roth Mkm set a $505.00 price target on shares of Tesla and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, Canaccord Genuity Group set a $520.00 target price on Tesla in a research note on Thursday, January 29th. Seventeen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and nine have assigned a Sell rating to the company. According to MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus target price of $403.92.

Read Our Latest Analysis on TSLA

Tesla Company Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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