The fund purchased 3,045 shares of the electric vehicle producer's stock, valued at approximately $375,000, according to the most recent SEC filing. The fund bought 3,045 shares in the electric vehicle manufacturer's stock valued at about $375,000.
Several other institutional investors, hedge funds and private equity firms have also bought and sold shares in TSLA recently. Hancock Whitney Corp increased its stake in Tesla shares by 234.4% during the third quarter. Hancock Whitney Corp owns 6,794 of the electric car producer's shares worth $1,802,000. This is after purchasing 4,762 additional shares in the previous quarter. Gradient Investments LLC increased its stake in Tesla shares by 97.7% during the fourth quarter. Gradient Investments LLC owns 6,609 of the electric car producer's shares worth $814,000. This is after purchasing an additional 3,266 in the last quarter. Symphony Financial Ltd. Co. increased its stake in Tesla shares by 56.4% during the third quarter. Symphony Financial Ltd. Co. owns now 3,115 shares worth $835,000. This is after purchasing 1,123 additional shares during the last quarter. KMG Fiduciary Partners LLC increased its stake in Tesla shares by 196.0% during the third quarter. Cole Advisors Inc. owns 39.129 shares worth $10.379,000 of the electric vehicle manufacturer's stock after purchasing an additional 26.430 shares during the last quarter. The price of the stock fell $3.22 at midday on Tuesday to $168.57. 23082,510 company shares were traded, compared with its average volume, which is 159,441,125. The company's debt-to equity ratio is 0.03, its current ratio is 1.57, and its quick ratio is 1.04. Tesla, Inc.'s 52-week low is $101.81 while its 52-week high is $314.67.
The last time ) released quarterly earnings was on Wednesday, 19th April. The electric vehicle manufacturer reported $0.85 per share for the third quarter, which was in line with the consensus estimate. Tesla's net margin was 13.66%, and its return on equity was 27.29%. The company had revenue of $23.33billion for the quarter compared to the consensus of $23.36billion. In the same quarter of the previous year, the company earned $0.95 per share. Revenue for the third quarter increased by 24.4% compared to last year. Analysts expect Tesla, Inc. to post an average of 3.15 earnings per shares for the current fiscal.
Wall Street analysts forecast growth
Several equity analysts have made comments on TSLA's shares. Canaccord Genuity Group lowered their price target on shares of Tesla to $257.00 from $275.00 in a Thursday, April 20, 2015 research note. They also set a "buy" rating for the firm. Truist Financial downgraded shares of Tesla to a "hold" rating on Friday, April 21, and lowered their price target from $245.00 up to $154.00. Tudor, Pickering, Holt & Co. reduced shares of Tesla's 'hold rating' to a sell rating' in a research report on Thursday, 20th April. Guggenheim changed the rating of Tesla shares from a neutral to a sell in a research report on Friday, 13th January. In a research report published on April 20th, Mizuho reduced their price target for shares of Tesla to $230.00 from $250.00. They also set a "buy" rating for the firm. Six analysts have given the stock a sell recommendation, 16 have issued a "hold" rating, and 17 have assigned a "buy" rating. According to MarketBeat.com Tesla has a consensus of 'Hold,' with an average price target of $204,06.
Insider Activities at Tesla
On Monday, 6th March, 10,455 shares were sold in an exchange. The shares were purchased at an average of $196.72 for a total of $2,056,707.60. The chief financial officer owns 203 073 shares of the company valued at $39 948 520.56. In a transaction that took place on Monday, 6th March, Tesla sold 10,455 stock shares. The shares were purchased at an average of $196.72 for a value of $2056,707.60. The chief financial officer owns 203 073 shares of the company valued at $39 948 520.56. In a transaction that took place on Thursday, April 27, 2010, 10,500 shares were sold. The shares were purchased at a price of $150.24 per share, for a total of $1,600.620.00. After the sale is complete, the senior vice-president now owns approximately $9,991,984.68 worth of shares. Insiders sold 153 220 shares worth $29479 261. Insiders own 20.90%.
Tesla, Inc. is a company that designs, develops, manufactures, and sells fully electric vehicles, as well as energy storage and generation systems. The company is divided into two segments: Automotive and Energy Generation and Storage. The Automotive segment includes design, development and manufacture of electric vehicles, as well as the sale of automotive regulatory credit.
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