Capital Square LLC Takes $213,000 Position in Tesla, Inc. (NASDAQ:TSLA)

Capital Square LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 815 shares of the electric vehicle producer’s stock, valued at approximately $213,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA raised its position in Tesla by 13.7% in the third quarter. Private Trust Co. NA now owns 6,044 shares of the electric vehicle producer’s stock valued at $1,581,000 after purchasing an additional 730 shares during the period. Diversified LLC grew its stake in shares of Tesla by 5.3% in the third quarter. Diversified LLC now owns 2,539 shares of the electric vehicle producer’s stock valued at $664,000 after buying an additional 127 shares in the last quarter. Canton Hathaway LLC raised its holdings in shares of Tesla by 26.2% in the 3rd quarter. Canton Hathaway LLC now owns 4,690 shares of the electric vehicle producer’s stock valued at $1,227,000 after buying an additional 975 shares during the period. Truvestments Capital LLC acquired a new position in Tesla during the 3rd quarter worth about $334,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in Tesla by 14.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 12,553 shares of the electric vehicle producer’s stock valued at $3,284,000 after acquiring an additional 1,632 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TSLA shares. Robert W. Baird reissued an “outperform” rating and set a $280.00 price target on shares of Tesla in a research report on Tuesday, August 20th. Sanford C. Bernstein reissued an “underperform” rating and issued a $120.00 price target on shares of Tesla in a research report on Thursday, October 3rd. HSBC reaffirmed a “reduce” rating and set a $124.00 price objective on shares of Tesla in a research report on Friday, October 11th. UBS Group lifted their target price on Tesla from $197.00 to $226.00 and gave the company a “sell” rating in a report on Monday. Finally, Barclays upped their price target on Tesla from $220.00 to $235.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Nine investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $231.06.

Tesla Stock Down 4.0 %

Shares of NASDAQ:TSLA opened at $338.59 on Tuesday. The company has a market cap of $1.09 trillion, a price-to-earnings ratio of 92.76, a PEG ratio of 11.45 and a beta of 2.29. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $361.93. The firm’s 50-day simple moving average is $266.31 and its 200-day simple moving average is $227.97. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.14. The company had revenue of $25.18 billion for the quarter, compared to analysts’ expectations of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 EPS. As a group, equities research analysts predict that Tesla, Inc. will post 1.99 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $250.00, for a total value of $2,000,000.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at $26,258,000. This trade represents a 7.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the sale, the senior vice president now owns 67,491 shares in the company, valued at approximately $14,967,479.07. The trade was a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 301,187 shares of company stock worth $92,956,692. 20.70% of the stock is owned by corporate 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.