Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Bridges Investment Management Inc.

Bridges Investment Management Inc. boosted its stake in Tesla, Inc. (NASDAQ:TSLA) by 1.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 12,912 shares of the electric vehicle producer’s stock after acquiring an additional 202 shares during the quarter. Bridges Investment Management Inc.’s holdings in Tesla were worth $3,378,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Klingman & Associates LLC boosted its stake in Tesla by 3.2% during the 3rd quarter. Klingman & Associates LLC now owns 4,160 shares of the electric vehicle producer’s stock worth $1,088,000 after purchasing an additional 130 shares during the last quarter. Verdence Capital Advisors LLC boosted its stake in Tesla by 4.3% during the 3rd quarter. Verdence Capital Advisors LLC now owns 14,332 shares of the electric vehicle producer’s stock worth $3,750,000 after purchasing an additional 597 shares during the last quarter. Rockbridge Investment Management LCC boosted its stake in Tesla by 12.4% during the 3rd quarter. Rockbridge Investment Management LCC now owns 4,789 shares of the electric vehicle producer’s stock worth $1,253,000 after purchasing an additional 530 shares during the last quarter. Pegasus Partners Ltd. boosted its stake in Tesla by 14.7% during the 3rd quarter. Pegasus Partners Ltd. now owns 2,255 shares of the electric vehicle producer’s stock worth $590,000 after purchasing an additional 289 shares during the last quarter. Finally, Rovin Capital UT ADV boosted its stake in Tesla by 27.2% during the 3rd quarter. Rovin Capital UT ADV now owns 1,442 shares of the electric vehicle producer’s stock worth $377,000 after purchasing an additional 308 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of Tesla stock opened at $321.22 on Friday. The firm has a market capitalization of $1.03 trillion, a P/E ratio of 88.01, a P/E/G ratio of 9.51 and a beta of 2.29. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $328.71. 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 firm’s 50 day moving average is $241.18 and its two-hundred day moving average is $214.90.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 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%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 earnings per share. Research analysts forecast that Tesla, Inc. will post 1.96 EPS for the current fiscal year.

Insider Buying and Selling at Tesla

In other news, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the transaction, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the transaction, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the transaction, the chief financial officer now owns 105,032 shares in the company, valued at approximately $26,258,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,797 shares of company stock worth $19,211,821 over the last three months. Insiders own 20.70% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the topic of several analyst reports. Royal Bank of Canada lifted their price target on Tesla from $236.00 to $249.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Canaccord Genuity Group lifted their price target on Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Morgan Stanley reiterated an “overweight” rating and set a $310.00 price target on shares of Tesla in a report on Thursday, October 3rd. JPMorgan Chase & Co. lifted their price target on Tesla from $130.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Finally, Bank of America lifted their price target on Tesla from $265.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday. Eight investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $222.03.

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.