EWG Elevate Inc. Makes New Investment in Tesla, Inc. (NASDAQ:TSLA)


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EWG Elevate Inc. bought a new position in Tesla, Inc. (NASDAQ:TSLA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 362 shares of the electric vehicle producer’s stock, valued at approximately $255,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TSLA. City Holding Co. purchased a new position in Tesla in the 3rd quarter worth approximately $26,000. Clean Yield Group increased its holdings in shares of Tesla by 400.0% during the 3rd quarter. Clean Yield Group now owns 60 shares of the electric vehicle producer’s stock worth $26,000 after buying an additional 48 shares during the last quarter. Horan Securities Inc. increased its holdings in shares of Tesla by 140.0% during the 3rd quarter. Horan Securities Inc. now owns 60 shares of the electric vehicle producer’s stock worth $26,000 after buying an additional 35 shares during the last quarter. JJJ Advisors Inc. increased its holdings in shares of Tesla by 164.0% during the 3rd quarter. JJJ Advisors Inc. now owns 64 shares of the electric vehicle producer’s stock worth $27,000 after buying an additional 164 shares during the last quarter. Finally, NewSquare Capital LLC increased its holdings in shares of Tesla by 220.0% during the 3rd quarter. NewSquare Capital LLC now owns 64 shares of the electric vehicle producer’s stock worth $27,000 after buying an additional 44 shares during the last quarter. 48.22% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Andrew D. Baglino sold 10,000 shares of Tesla stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $424.60, for a total transaction of $4,246,000.00. Following the completion of the sale, the senior vice president now directly owns 29,837 shares of the company’s stock, valued at approximately $12,668,790.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robyn M. Denholm sold 43,610 shares of Tesla stock in a transaction on Monday, October 26th. The stock was sold at an average price of $417.98, for a total transaction of $18,228,107.80. Following the sale, the director now directly owns 48,610 shares of the company’s stock, valued at $20,318,007.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 186,643 shares of company stock valued at $92,195,056. Corporate insiders own 23.00% of the company’s stock.

A number of analysts have recently issued reports on TSLA shares. UBS Group set a $325.00 price target on shares of Tesla and gave the stock a “neutral” rating in a report on Thursday, October 22nd. Bank of America cut their price target on shares of Tesla to $500.00 and set a “neutral” rating for the company in a report on Tuesday, November 17th. BNP Paribas downgraded shares of Tesla from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $385.00 to $340.00 in a report on Tuesday, January 5th. Citigroup raised their price target on shares of Tesla from $110.00 to $117.00 and gave the stock a “sell” rating in a report on Tuesday, October 13th. Finally, New Street Research downgraded shares of Tesla from a “buy” rating to a “neutral” rating and set a $578.00 target price for the company. in a report on Thursday, December 10th. They noted that the move was a valuation call. Twelve analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $325.36.

Shares of Tesla stock traded up $4.97 during trading on Wednesday, hitting $854.41. 31,551,852 shares of the stock were exchanged, compared to its average volume of 48,847,242. The stock has a market cap of $809.90 billion, a price-to-earnings ratio of 2,223.96, a price-to-earnings-growth ratio of 20.46 and a beta of 1.68. The firm’s 50-day moving average price is $665.84 and its 200 day moving average price is $447.94. Tesla, Inc. has a 12-month low of $70.10 and a 12-month high of $884.49. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.25 and a quick ratio of 0.92.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.54. The business had revenue of $8.77 billion during the quarter, compared to analysts’ expectations of $8.29 billion. Tesla had a net margin of 1.43% and a return on equity of 4.19%. During the same period in the previous year, the company earned $0.37 EPS. As a group, research analysts forecast that Tesla, Inc. will post 0.62 earnings per share for the current year.

Tesla Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive; and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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