S&CO Inc. Buys Shares of 3,795 Tesla, Inc. (NASDAQ:TSLA)

S&CO Inc. purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,795 shares of the electric vehicle producer’s stock, valued at approximately $992,000.

Several other hedge funds and other institutional investors have also bought and sold shares of TSLA. Claro Advisors LLC increased its stake in Tesla by 32.0% in the third quarter. Claro Advisors LLC now owns 14,757 shares of the electric vehicle producer’s stock valued at $3,861,000 after purchasing an additional 3,574 shares in the last quarter. Cardano Risk Management B.V. increased its stake in Tesla by 1.9% in the 3rd quarter. Cardano Risk Management B.V. now owns 730,898 shares of the electric vehicle producer’s stock valued at $191,225,000 after buying an additional 13,572 shares during the last quarter. Chesapeake Capital Corp IL purchased a new stake in Tesla in the 3rd quarter valued at about $221,000. WIM INVESTMENT MANAGEMENT Ltd purchased a new stake in Tesla in the 3rd quarter valued at about $72,584,000. Finally, Alpha Family Trust grew its position in shares of Tesla by 3.6% during the 3rd quarter. Alpha Family Trust now owns 12,980 shares of the electric vehicle producer’s stock valued at $3,396,000 after acquiring an additional 450 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

TSLA stock opened at $320.72 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.03 trillion, a P/E ratio of 87.87, a P/E/G ratio of 10.42 and a beta of 2.29. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $358.64. The stock’s 50 day simple moving average is $252.30 and its 200 day simple moving average is $220.72.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on TSLA. Canaccord Genuity Group raised their price objective on shares of Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. William Blair assumed coverage on shares of Tesla in a research note on Thursday, August 29th. They set an “outperform” rating on the stock. Roth Mkm reaffirmed a “neutral” rating and issued a $85.00 target price on shares of Tesla in a report on Friday, October 11th. KGI Securities raised shares of Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 target price for the company in a report on Thursday, October 24th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $280.00 price target on shares of Tesla in a research report on Tuesday, August 20th. Nine equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $230.18.

Insider Activity at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the transaction, the senior vice president now directly owns 67,491 shares of the company’s stock, valued at $14,967,479.07. This represents a 0.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $26,258,000. This represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 188,797 shares of company stock valued at $57,616,781 over the last 90 days. 20.70% of the stock is currently owned by corporate insiders.

About Tesla

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.