Douglass Winthrop Advisors LLC Purchases 90 Shares of Tesla, Inc. (NASDAQ:TSLA)

Douglass Winthrop Advisors LLC boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,794 shares of the electric vehicle producer’s stock after purchasing an additional 90 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Tesla were worth $3,871,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Pekin Hardy Strauss Inc. acquired a new position in shares of Tesla in the 3rd quarter valued at $207,000. Summit Trail Advisors LLC increased its holdings in Tesla by 29.6% in the third quarter. Summit Trail Advisors LLC now owns 26,746 shares of the electric vehicle producer’s stock valued at $6,998,000 after purchasing an additional 6,112 shares during the last quarter. Cahill Financial Advisors Inc. lifted its stake in Tesla by 7.9% in the third quarter. Cahill Financial Advisors Inc. now owns 1,602 shares of the electric vehicle producer’s stock valued at $419,000 after buying an additional 117 shares during the period. SevenBridge Financial Group LLC bought a new position in Tesla during the third quarter worth about $218,000. Finally, Westfield Capital Management Co. LP grew its position in shares of Tesla by 19.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 521,524 shares of the electric vehicle producer’s stock worth $136,446,000 after buying an additional 83,527 shares during the period. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on TSLA shares. HSBC reiterated a “reduce” rating and issued a $124.00 price target on shares of Tesla in a research report on Friday, October 11th. The Goldman Sachs Group boosted their price target on shares of Tesla from $230.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Roth Mkm reaffirmed a “neutral” rating and set a $85.00 price objective on shares of Tesla in a research note on Friday, October 11th. Sanford C. Bernstein reissued an “underperform” rating and issued a $120.00 target price on shares of Tesla in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada raised their price target on Tesla from $249.00 to $313.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Nine research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $230.18.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 8,000 shares of Tesla stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $250.00, for a total value of $2,000,000.00. Following the completion of the sale, the chief financial officer now owns 105,032 shares in the company, valued at $26,258,000. The trade was a 7.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of the firm’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 transaction, the senior vice president now owns 67,491 shares in the company, valued at approximately $14,967,479.07. This trade represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 301,187 shares of company stock valued at $92,956,692. Company insiders own 20.70% of the company’s stock.

Tesla Stock Performance

TSLA opened at $352.56 on Monday. 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, Inc. has a 12-month low of $138.80 and a 12-month high of $361.53. The business has a 50 day moving average of $264.07 and a 200-day moving average of $226.79. The stock has a market cap of $1.13 trillion, a price-to-earnings ratio of 96.59, a PEG ratio of 11.45 and a beta of 2.29.

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