Garde Capital Inc. Has $2.22 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Garde Capital Inc. cut its stake in Tesla, Inc. (NASDAQ:TSLA) by 18.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,495 shares of the electric vehicle producer’s stock after selling 1,935 shares during the quarter. Garde Capital Inc.’s holdings in Tesla were worth $2,223,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Old Port Advisors bought a new position in Tesla during the second quarter valued at about $236,000. Wheelhouse Advisory Group LLC raised its holdings in shares of Tesla by 1.9% in the 2nd quarter. Wheelhouse Advisory Group LLC now owns 4,282 shares of the electric vehicle producer’s stock worth $847,000 after purchasing an additional 78 shares during the period. Blue Trust Inc. lifted its stake in Tesla by 20.2% in the second quarter. Blue Trust Inc. now owns 19,947 shares of the electric vehicle producer’s stock valued at $3,947,000 after purchasing an additional 3,356 shares during the last quarter. Brookstone Capital Management increased its position in Tesla by 20.4% in the second quarter. Brookstone Capital Management now owns 141,287 shares of the electric vehicle producer’s stock worth $27,958,000 after buying an additional 23,903 shares during the last quarter. Finally, Insight Wealth Partners LLC bought a new stake in shares of Tesla in the second quarter valued at $272,000. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on TSLA. Bank of America raised their price target on Tesla from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. StockNews.com raised shares of Tesla from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Roth Capital raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Canaccord Genuity Group upped their target price on Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Phillip Securities lowered Tesla from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, November 13th. Nine investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $257.36.

Tesla Stock Down 1.6 %

Shares of Tesla stock opened at $418.10 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The stock has a market cap of $1.34 trillion, a price-to-earnings ratio of 114.55, a PEG ratio of 10.52 and a beta of 2.36. The firm’s 50-day moving average is $298.02 and its two-hundred day moving average is $244.72. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $429.30.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.14. The company had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. Tesla’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $0.53 earnings per share. As a group, research analysts expect that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In other news, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $250.23, for a total value of $15,138,915.00. Following the transaction, the director now owns 1,563,220 shares of the company’s stock, valued at $391,164,540.60. The trade was a 3.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $374.21, for a total transaction of $975,191.26. Following the sale, the chief financial officer now directly owns 108,965 shares of the company’s stock, valued at $40,775,792.65. The trade was a 2.34 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 522,886 shares of company stock valued at $171,393,831. Corporate insiders own 20.70% of the company’s stock.

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.