TSLA Stock: Ashburton Jersey Ltd Invests $304,000 in Tesla Inc

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TSLA Stock: Ashburton Jersey Ltd Invests $304,000 in Tesla Inc


Ashburton Jersey Ltd acquired a new stake in shares of Tesla Inc. (NASDAQ:TSLA) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 891 shares of the electric vehicle producer’s stock, valued at approximately $304,000.

Other institutional investors have also recently made changes to their positions in the company. Pittenger & Anderson Inc. increased its position in shares of Tesla by 20.0% during the 2nd quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock valued at $108,000 after purchasing an additional 50 shares during the last quarter. Winfield Associates Inc. increased its position in shares of Tesla by 85.2% during the 2nd quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer’s stock valued at $118,000 after purchasing an additional 150 shares during the last quarter. Carroll Financial Associates Inc. increased its position in shares of Tesla by 8.7% during the 2nd quarter. Carroll Financial Associates Inc. now owns 349 shares of the electric vehicle producer’s stock valued at $126,000 after purchasing an additional 28 shares during the last quarter. Cornerstone Advisors Inc. increased its position in shares of Tesla by 2.3% during the 2nd quarter. Cornerstone Advisors Inc. now owns 402 shares of the electric vehicle producer’s stock valued at $145,000 after purchasing an additional 9 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of Tesla by 285.7% during the 2nd quarter. First Eagle Investment Management LLC now owns 405 shares of the electric vehicle producer’s stock valued at $146,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 55.71% of the company’s stock.

Tesla Inc. (NASDAQ TSLA) opened at $312.60 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66. Tesla Inc. has a one year low of $180.00 and a one year high of $389.61.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, beating the Zacks’ consensus estimate of ($3.09) by $0.17. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The firm’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. analysts anticipate that Tesla Inc. will post -11.38 EPS for the current fiscal year.

TSLA has been the topic of several recent research reports. Vetr lowered Tesla from a “buy” rating to a “hold” rating and set a $371.10 price target on the stock. in a research report on Wednesday, August 9th. Robert W. Baird restated an “outperform” rating and set a $411.00 price target (up from $368.00) on shares of Tesla in a research report on Monday, August 14th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Tesla in a research report on Wednesday, August 9th. Guggenheim restated a “buy” rating and set a $430.00 price target on shares of Tesla in a research report on Thursday, August 10th. Finally, Royal Bank Of Canada lifted their price objective on Tesla from $314.00 to $345.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 3rd. Ten analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company’s stock. Tesla presently has a consensus rating of “Hold” and a consensus target price of $329.87.

In other Tesla news, Director Kimbal Musk sold 2,190 shares of Tesla stock in a transaction on Friday, September 1st. The stock was sold at an average price of $355.20, for a total transaction of $777,888.00. Following the completion of the transaction, the director now owns 158,584 shares in the company, valued at $56,329,036.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Eric Branderiz sold 1,736 shares of Tesla stock in a transaction on Friday, November 10th. The shares were sold at an average price of $302.31, for a total value of $524,810.16. Following the transaction, the vice president now owns 1,736 shares of the company’s stock, valued at approximately $524,810.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,741 shares of company stock valued at $3,579,311. 23.10% of the stock is currently owned by company insiders.

About Tesla

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)



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