Ted Buchan & Co Increases Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Ted Buchan & Co increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 6.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,659 shares of the electric vehicle producer’s stock after buying an additional 105 shares during the quarter. Ted Buchan & Co’s holdings in Tesla were worth $434,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Transcendent Capital Group LLC acquired a new stake in shares of Tesla in the third quarter worth approximately $29,000. Privium Fund Management B.V. raised its stake in Tesla by 1.4% during the third quarter. Privium Fund Management B.V. now owns 216,000 shares of the electric vehicle producer’s stock worth $56,407,000 after purchasing an additional 3,000 shares during the period. Mach 1 Financial Group LLC grew its stake in shares of Tesla by 3.4% during the 3rd quarter. Mach 1 Financial Group LLC now owns 2,471 shares of the electric vehicle producer’s stock valued at $646,000 after buying an additional 81 shares during the period. XML Financial LLC increased its holdings in shares of Tesla by 1.0% during the 3rd quarter. XML Financial LLC now owns 6,023 shares of the electric vehicle producer’s stock worth $1,576,000 after buying an additional 59 shares during the last quarter. Finally, Sustainable Insight Capital Management LLC raised its position in shares of Tesla by 5.3% in the 3rd quarter. Sustainable Insight Capital Management LLC now owns 1,990 shares of the electric vehicle producer’s stock worth $521,000 after buying an additional 100 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Kimbal Musk sold 60,500 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the completion of the sale, the director now directly owns 1,563,220 shares of the company’s stock, valued at $391,164,540.60. This 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 at the SEC website. In related news, SVP Xiaotong Zhu sold 297 shares of Tesla 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 owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kimbal Musk sold 60,500 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the sale, the director now directly owns 1,563,220 shares of the company’s stock, valued at $391,164,540.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,797 shares of company stock worth $19,211,821. 20.70% of the stock is owned by corporate insiders.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $321.22 on Friday. The stock has a market cap of $1.03 trillion, a price-to-earnings ratio of 88.01, a PEG ratio of 10.59 and a beta of 2.29. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $328.71. The stock’s 50 day moving average price is $241.18 and its 200 day moving average price is $214.90.

Tesla (NASDAQ:TSLA) last posted 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 company had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter in the previous year, the business earned $0.53 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that Tesla, Inc. will post 1.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. StockNews.com raised Tesla from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Royal Bank of Canada boosted their target price on Tesla from $236.00 to $249.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. KGI Securities upgraded shares of Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 price target on the stock in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $295.00 price objective on shares of Tesla in a research note on Tuesday, September 10th. Finally, HSBC reissued a “reduce” rating and issued a $124.00 target price on shares of Tesla in a research note on Friday, October 11th. Eight equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $222.03.

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.