L.M. Kohn & Company Raises Stake in Tesla, Inc. (NASDAQ:TSLA)

L.M. Kohn & Company lifted its position in Tesla, Inc. (NASDAQ:TSLA) by 8.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,298 shares of the electric vehicle producer’s stock after purchasing an additional 427 shares during the period. L.M. Kohn & Company’s holdings in Tesla were worth $1,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of TSLA. Westwood Holdings Group Inc. raised its position in shares of Tesla by 466.9% during the first quarter. Westwood Holdings Group Inc. now owns 15,799 shares of the electric vehicle producer’s stock valued at $2,777,000 after buying an additional 13,012 shares during the last quarter. Bright Futures Wealth Management LLC. bought a new stake in Tesla in the 1st quarter valued at $402,000. Transcend Capital Advisors LLC boosted its holdings in shares of Tesla by 3.9% during the 2nd quarter. Transcend Capital Advisors LLC now owns 14,638 shares of the electric vehicle producer’s stock valued at $2,897,000 after purchasing an additional 546 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Tesla by 48.3% during the second quarter. GAMMA Investing LLC now owns 14,682 shares of the electric vehicle producer’s stock valued at $2,905,000 after purchasing an additional 4,781 shares in the last quarter. Finally, First Hawaiian Bank increased its holdings in shares of Tesla by 2.0% in the second quarter. First Hawaiian Bank now owns 7,296 shares of the electric vehicle producer’s stock worth $1,444,000 after purchasing an additional 144 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the sale, the director now owns 5,400 shares of the company’s stock, valued at $1,868,508. This trade represents a 94.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Vaibhav Taneja sold 8,000 shares of Tesla stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the transaction, 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 7.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 301,187 shares of company stock valued at $92,956,692. Company insiders own 20.70% of the company’s stock.

Tesla Trading Up 3.7 %

Tesla stock opened at $345.16 on Friday. The stock has a 50-day moving average price of $274.55 and a 200 day moving average price of $231.81. The company has a market capitalization of $1.11 trillion, a price-to-earnings ratio of 94.56, a price-to-earnings-growth ratio of 10.81 and a beta of 2.29. 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:TSLA) last released its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. During the same period in the prior year, the firm earned $0.53 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts anticipate that Tesla, Inc. will post 1.99 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on TSLA shares. Morgan Stanley restated an “overweight” rating and set a $310.00 price target on shares of Tesla in a report on Thursday, October 3rd. JPMorgan Chase & Co. boosted their price target on shares of Tesla from $130.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. Sanford C. Bernstein reiterated an “underperform” rating and set a $120.00 price objective on shares of Tesla in a research report on Thursday, October 3rd. Canaccord Genuity Group boosted their target price on shares of Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Wolfe Research began coverage on shares of Tesla in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Nine investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $231.06.

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.