Tesla Inc. (TSLA) Holdings Reduced by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. decreased its position in Tesla Inc. (NASDAQ:TSLA) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,240 shares of the electric vehicle producer’s stock after selling 240 shares during the period. Cabot Wealth Management Inc.’s holdings in Tesla were worth $3,834,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Tesla by 4.9% in the 2nd quarter. Vanguard Group Inc. now owns 6,227,401 shares of the electric vehicle producer’s stock worth $2,251,890,000 after purchasing an additional 292,602 shares during the last quarter. Capital World Investors grew its position in Tesla by 0.6% in the 2nd quarter. Capital World Investors now owns 3,016,552 shares of the electric vehicle producer’s stock worth $1,090,815,000 after purchasing an additional 17,452 shares during the last quarter. Jennison Associates LLC grew its position in Tesla by 4.3% in the 2nd quarter. Jennison Associates LLC now owns 3,002,685 shares of the electric vehicle producer’s stock worth $1,085,801,000 after purchasing an additional 124,511 shares during the last quarter. Gilder Gagnon Howe & Co. LLC grew its position in Tesla by 0.4% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 692,792 shares of the electric vehicle producer’s stock worth $250,521,000 after purchasing an additional 2,754 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Tesla by 8.3% in the 2nd quarter. Legal & General Group Plc now owns 538,252 shares of the electric vehicle producer’s stock worth $194,637,000 after purchasing an additional 41,435 shares during the last quarter. Hedge funds and other institutional investors own 56.52% of the company’s stock.

Tesla Inc. (TSLA) remained flat at $$302.99 during trading hours on Friday. 4,625,400 shares of the company’s stock were exchanged, compared to its average volume of 6,349,956. Tesla Inc. has a 1 year low of $178.19 and a 1 year high of $389.61. The company has a quick ratio of 0.60, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

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

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Several research analysts have commented on the stock. Sanford C. Bernstein set a $265.00 target price on shares of Tesla and gave the stock a “neutral” rating in a research report on Wednesday, September 20th. Berenberg Bank reiterated a “buy” rating on shares of Tesla in a report on Thursday, August 3rd. Citigroup Inc. began coverage on shares of Tesla in a report on Thursday, July 20th. They issued a “neutral” rating and a $357.00 price objective for the company. Vetr upgraded shares of Tesla from a “hold” rating to a “buy” rating and set a $372.51 price objective for the company in a report on Thursday, August 10th. Finally, Jefferies Group LLC began coverage on shares of Tesla in a report on Tuesday, September 19th. They issued an “underperform” rating and a $280.00 price objective for the company. They noted that the move was a valuation call. Ten equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $330.44.

In other Tesla news, VP John Douglas Field sold 600 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $301.60, for a total value of $180,960.00. Following the completion of the sale, the vice president now directly owns 21,424 shares of the company’s stock, valued at approximately $6,461,478.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Eric Branderiz sold 99 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $350.12, for a total transaction of $34,661.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 53,782 shares of company stock valued at $18,294,800. Insiders own 23.10% of the company’s stock.

Tesla Profile

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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