Tesla, Inc. (NASDAQ:TSLA) Shares Sold by KG&L Capital Management LLC

KG&L Capital Management LLC lowered its holdings in Tesla, Inc. (NASDAQ:TSLA) by 13.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,124 shares of the electric vehicle producer’s stock after selling 1,233 shares during the period. KG&L Capital Management LLC’s holdings in Tesla were worth $2,125,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TSLA. Robeco Institutional Asset Management B.V. boosted its stake in shares of Tesla by 12.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 817,309 shares of the electric vehicle producer’s stock valued at $213,833,000 after purchasing an additional 93,389 shares during the period. Blue Square Asset Management LLC boosted its stake in shares of Tesla by 9.0% in the third quarter. Blue Square Asset Management LLC now owns 28,527 shares of the electric vehicle producer’s stock valued at $7,464,000 after purchasing an additional 2,350 shares during the period. Lansing Street Advisors boosted its stake in shares of Tesla by 4.0% in the third quarter. Lansing Street Advisors now owns 1,852 shares of the electric vehicle producer’s stock valued at $485,000 after purchasing an additional 72 shares during the period. TrueWealth Advisors LLC boosted its stake in Tesla by 7.4% during the 3rd quarter. TrueWealth Advisors LLC now owns 4,926 shares of the electric vehicle producer’s stock valued at $1,289,000 after acquiring an additional 338 shares during the last quarter. Finally, RWQ Financial Management Services Inc. boosted its stake in Tesla by 5,030.3% during the 3rd quarter. RWQ Financial Management Services Inc. now owns 80,699 shares of the electric vehicle producer’s stock valued at $21,113,000 after acquiring an additional 79,126 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TSLA. Jefferies Financial Group increased their price objective on shares of Tesla from $165.00 to $195.00 and gave the company a “hold” rating in a research note on Monday, October 21st. William Blair initiated coverage on shares of Tesla in a research note on Thursday, August 29th. They set an “outperform” rating on the stock. Oppenheimer restated a “market perform” rating on shares of Tesla in a research report on Tuesday, October 8th. Canaccord Genuity Group raised their price target on shares of Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Canaccord Genuity Group raised their price target on shares of Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Eight investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $219.45.

Tesla Trading Down 0.3 %

NASDAQ:TSLA opened at $248.98 on Monday. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $273.54. The business’s 50-day moving average price is $234.14 and its two-hundred day moving average price is $211.15. 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 capitalization of $799.24 billion, a price-to-earnings ratio of 68.21, a PEG ratio of 8.24 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results 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. The company had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. Tesla’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 earnings per share. On average, equities analysts expect that Tesla, Inc. will post 1.96 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,258,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $26,258,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction that occurred 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 directly owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,297 shares of company stock worth $3,065,866 over the last ninety 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.