ProVise Management Group LLC acquired a new position in shares of Tesla Inc. (NASDAQ:TSLA) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,217 shares of the electric vehicle producer’s stock, valued at approximately $415,000.

Other institutional investors also recently bought and sold shares of the company. Pittenger & Anderson Inc. increased its position in Tesla by 20.0% during the 2nd quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock worth $108,000 after purchasing an additional 50 shares in the last quarter. Winfield Associates Inc. increased its position in Tesla by 85.2% during the 2nd quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer’s stock worth $118,000 after purchasing an additional 150 shares in the last quarter. Carroll Financial Associates Inc. increased its position in Tesla by 8.7% during the 2nd quarter. Carroll Financial Associates Inc. now owns 349 shares of the electric vehicle producer’s stock worth $126,000 after purchasing an additional 28 shares in the last quarter. Cornerstone Advisors Inc. increased its position in Tesla by 2.3% during the 2nd quarter. Cornerstone Advisors Inc. now owns 402 shares of the electric vehicle producer’s stock worth $145,000 after purchasing an additional 9 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its position in Tesla by 285.7% during the 2nd quarter. First Eagle Investment Management LLC now owns 405 shares of the electric vehicle producer’s stock worth $146,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 55.71% of the company’s stock.

In related news, Director Kimbal Musk sold 2,190 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $355.20, for a total transaction of $777,888.00. Following the completion of the transaction, the director now directly owns 158,584 shares in the company, valued at approximately $56,329,036.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Eric Branderiz sold 99 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $350.12, for a total value of $34,661.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,741 shares of company stock valued at $3,579,311. 23.10% of the stock is owned by company insiders.

A number of research firms recently commented on TSLA. Vetr cut Tesla from a “buy” rating to a “hold” rating and set a $371.10 price objective for the company. in a research report on Wednesday, August 9th. Robert W. Baird reiterated an “outperform” rating and set a $411.00 price objective (up previously from $368.00) on shares of Tesla in a research report on Monday, August 14th. Sanford C. Bernstein set a $265.00 price objective on Tesla and gave the stock a “hold” rating in a research report on Monday, November 13th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Tesla in a research report on Wednesday, August 9th. Finally, Guggenheim reiterated a “buy” rating and set a $430.00 price objective on shares of Tesla in a research report on Thursday, August 10th. Ten research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $329.87.

Shares of Tesla Inc. (NASDAQ TSLA) traded up $9.07 on Wednesday, reaching $317.81. The company had a trading volume of 7,261,200 shares, compared to its average volume of 6,441,680. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Tesla Inc. has a 52-week low of $180.00 and a 52-week high of $389.61.

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

COPYRIGHT VIOLATION WARNING: “1,217 Shares in Tesla Inc. (TSLA) Purchased by ProVise Management Group LLC” was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another website, it was stolen and reposted in violation of U.S. and international copyright and trademark legislation. The original version of this piece can be viewed at https://www.watchlistnews.com/1217-shares-in-tesla-inc-tsla-purchased-by-provise-management-group-llc/1719930.html.

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.

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla Inc. (NASDAQ:TSLA).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.