Mission Creek Capital Partners Inc. Boosts Position in Tesla, Inc. (NASDAQ:TSLA)

Mission Creek Capital Partners Inc. boosted its holdings in Tesla, Inc. (NASDAQ:TSLAFree Report) by 18.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,202 shares of the electric vehicle producer’s stock after buying an additional 350 shares during the period. Mission Creek Capital Partners Inc.’s holdings in Tesla were worth $576,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. grew its position in Tesla by 50.7% in the second quarter. NBC Securities Inc. now owns 4,361 shares of the electric vehicle producer’s stock valued at $862,000 after acquiring an additional 1,467 shares in the last quarter. Canandaigua National Bank & Trust Co. grew its position in Tesla by 7.4% in the second quarter. Canandaigua National Bank & Trust Co. now owns 1,314 shares of the electric vehicle producer’s stock valued at $260,000 after acquiring an additional 90 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its position in shares of Tesla by 8.7% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 8,205 shares of the electric vehicle producer’s stock worth $1,624,000 after buying an additional 659 shares in the last quarter. BDF Gestion acquired a new stake in shares of Tesla during the second quarter worth approximately $9,459,000. Finally, CCM Investment Advisers LLC grew its position in shares of Tesla by 1.4% during the second quarter. CCM Investment Advisers LLC now owns 36,749 shares of the electric vehicle producer’s stock worth $7,272,000 after buying an additional 508 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

NASDAQ:TSLA opened at $357.93 on Thursday. The business’s 50-day moving average price is $280.65 and its 200 day moving average price is $235.96. The firm has a market cap of $1.15 trillion, a P/E ratio of 98.06, a PEG ratio of 11.41 and a beta of 2.36. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $361.93. 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 (NASDAQ:TSLAGet Free Report) last released its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. The firm 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 period in the previous year, the company earned $0.53 earnings per share. As a group, sell-side analysts predict that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $354.06, for a total value of $39,792,803.40. Following the transaction, the director now owns 85,000 shares of the company’s stock, valued at approximately $30,095,100. This trade represents a 56.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 7,000 shares of Tesla stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $354.43, for a total value of $2,481,010.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at $37,226,491.76. This represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 420,577 shares of company stock valued at $135,230,506 over the last three months. Company insiders own 20.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TSLA shares. Bank of America raised their price target on shares of Tesla from $265.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada raised their price target on shares of Tesla from $249.00 to $313.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. HSBC restated a “reduce” rating and set a $124.00 price objective on shares of Tesla in a research note on Friday, October 11th. Phillip Securities cut Tesla from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, November 13th. Finally, Guggenheim raised their price objective on Tesla from $153.00 to $156.00 and gave the stock a “sell” rating in a research note on Thursday, October 24th. Nine analysts have rated the stock with a sell rating, sixteen have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $243.75.

Get Our Latest Stock Analysis on Tesla

Tesla Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLAFree Report).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.