Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Boosted by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB increased its position in Tesla, Inc. (NASDAQ:TSLA) by 106.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 16,100 shares of the electric vehicle producer’s stock after acquiring an additional 8,303 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Tesla were worth $4,212,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TSLA. Old Port Advisors bought a new stake in Tesla during the second quarter worth approximately $236,000. Wheelhouse Advisory Group LLC raised its position in shares of Tesla by 1.9% during the second 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. boosted its position in shares of Tesla by 20.2% in the 2nd 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 period. Brookstone Capital Management raised its holdings in Tesla by 20.4% during the 2nd 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 period. Finally, Insight Wealth Partners LLC purchased a new stake in Tesla during the second quarter valued at about $272,000. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TSLA shares. Robert W. Baird reiterated an “outperform” rating and issued a $280.00 target price on shares of Tesla in a report on Tuesday, August 20th. Roth Mkm upgraded Tesla from a “neutral” rating to a “buy” rating and boosted their target price for the company from $85.00 to $380.00 in a research note on Monday, December 2nd. Royal Bank of Canada upped their target price on Tesla from $249.00 to $313.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Sanford C. Bernstein reissued an “underperform” rating and issued a $120.00 price target on shares of Tesla in a research note on Thursday, October 3rd. Finally, Wedbush restated an “outperform” rating and issued a $400.00 price objective on shares of Tesla in a report on Monday, November 18th. Nine investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Tesla presently has an average rating of “Hold” and a consensus price target of $257.36.

Insider Buying and Selling at Tesla

In other Tesla news, 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 transaction, the chief financial officer now owns 108,965 shares in the company, valued at $40,775,792.65. This represents a 2.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’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 value of $34,602,000.00. Following the completion of the sale, the director now owns 5,400 shares of the company’s stock, valued at approximately $1,868,508. This trade represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 522,886 shares of company stock valued at $171,393,831 in the last three months. 20.70% of the stock is currently owned by company insiders.

Tesla Trading Down 1.6 %

Shares of Tesla stock opened at $418.10 on Friday. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $429.30. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $298.02 and its 200-day moving average is $244.72. The stock has a market cap of $1.34 trillion, a P/E ratio of 114.55, a P/E/G ratio of 10.52 and a beta of 2.36.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The business had revenue of $25.18 billion for the quarter, compared to analysts’ expectations of $25.47 billion. During the same quarter in the prior year, the business earned $0.53 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts predict that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

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.