Braun Bostich & Associates Inc. Acquires 59 Shares of Tesla, Inc. (NASDAQ:TSLA)

Braun Bostich & Associates Inc. grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,819 shares of the electric vehicle producer’s stock after buying an additional 59 shares during the quarter. Braun Bostich & Associates Inc.’s holdings in Tesla were worth $738,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Fisher Asset Management LLC grew its holdings in shares of Tesla by 38.5% in the fourth quarter. Fisher Asset Management LLC now owns 21,119 shares of the electric vehicle producer’s stock worth $5,248,000 after purchasing an additional 5,874 shares during the last quarter. Boltwood Capital Management grew its holdings in Tesla by 8.7% in the 1st quarter. Boltwood Capital Management now owns 1,870 shares of the electric vehicle producer’s stock worth $329,000 after acquiring an additional 150 shares during the last quarter. Beese Fulmer Investment Management Inc. increased its position in shares of Tesla by 30.3% in the first quarter. Beese Fulmer Investment Management Inc. now owns 2,290 shares of the electric vehicle producer’s stock valued at $403,000 after acquiring an additional 533 shares during the period. Great Waters Wealth Management raised its stake in shares of Tesla by 7.3% during the first quarter. Great Waters Wealth Management now owns 3,074 shares of the electric vehicle producer’s stock valued at $540,000 after acquiring an additional 208 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. boosted its holdings in shares of Tesla by 1.1% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 23,783 shares of the electric vehicle producer’s stock worth $4,181,000 after purchasing an additional 258 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

NASDAQ TSLA opened at $219.57 on Wednesday. The business’s fifty day moving average is $226.22 and its 200 day moving average is $204.57. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $271.00. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91. The company has a market capitalization of $700.25 billion, a PE ratio of 56.01, a price-to-earnings-growth ratio of 6.48 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The company had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. During the same quarter last year, the firm posted $0.78 earnings per share. The company’s revenue was up 2.3% compared to the same quarter last year. Sell-side analysts predict that Tesla, Inc. will post 1.75 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wells Fargo & Company reiterated an “underweight” rating and issued a $120.00 price objective on shares of Tesla in a report on Monday, July 1st. Roth Mkm reissued a “neutral” rating and set a $85.00 price objective on shares of Tesla in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $295.00 price target on shares of Tesla in a research report on Tuesday, September 10th. Wedbush reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Tesla in a research report on Wednesday, July 24th. Finally, Sanford C. Bernstein restated an “underperform” rating and set a $120.00 price target on shares of Tesla in a research report on Thursday, October 3rd. Nine equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $210.72.

Insider Activity

In related news, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the transaction, the senior vice president now owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total value of $14,597,425.44. Following the sale, the director now owns 85,000 shares in the company, valued at $18,696,600. The trade was a 0.00 % 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 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 completion of the sale, the senior vice president now directly owns 67,491 shares in the company, valued at $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 74,661 shares of company stock worth $16,663,291 in the last three months. Company insiders own 25.10% of the company’s stock.

Tesla Company 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.