First Manhattan Co. raised its position in shares of Tesla Inc. (NASDAQ:TSLA) by 37.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,400 shares of the electric vehicle producer’s stock after purchasing an additional 650 shares during the quarter. First Manhattan Co.’s holdings in Tesla were worth $818,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Flagship Harbor Advisors LLC boosted its stake in shares of Tesla by 0.4% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 987 shares of the electric vehicle producer’s stock worth $309,000 after acquiring an additional 4 shares in the last quarter. North Star Investment Management Corp. boosted its stake in shares of Tesla by 2.8% during the 2nd quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock worth $122,000 after acquiring an additional 9 shares in the last quarter. Cornerstone Advisors Inc. boosted its position in shares of Tesla by 2.3% in the second quarter. Cornerstone Advisors Inc. now owns 402 shares of the electric vehicle producer’s stock worth $145,000 after buying an additional 9 shares during the period. Sterling Investment Advisors Ltd. boosted its position in shares of Tesla by 2.2% in the second quarter. Sterling Investment Advisors Ltd. now owns 853 shares of the electric vehicle producer’s stock worth $308,000 after buying an additional 18 shares during the period. Finally, Gemmer Asset Management LLC boosted its position in shares of Tesla by 2.6% in the second quarter. Gemmer Asset Management LLC now owns 779 shares of the electric vehicle producer’s stock worth $282,000 after buying an additional 20 shares during the period. 56.45% of the stock is owned by hedge funds and other institutional investors.

Tesla Inc. (NASDAQ TSLA) opened at $306.09 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.60 and a debt-to-equity ratio of 1.15.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share 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 analyst estimates of $2.94 billion. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.80%. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 EPS. research analysts anticipate that Tesla Inc. will post -9.53 earnings per share for the current fiscal year.

In other Tesla news, VP Eric Branderiz sold 99 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $350.12, for a total transaction of $34,661.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kimbal Musk sold 2,190 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $330.29, for a total transaction of $723,335.10. Following the sale, the director now directly owns 154,419 shares in the company, valued at $51,003,051.51. The disclosure for this sale can be found here. Insiders have sold a total of 53,182 shares of company stock worth $18,113,840 over the last three months. Insiders own 23.10% of the company’s stock.

Several analysts recently issued reports on TSLA shares. Goldman Sachs Group, Inc. (The) increased their price objective on Tesla from $180.00 to $190.00 in a report on Friday, August 4th. Berenberg Bank reaffirmed a “buy” rating on shares of Tesla in a research report on Thursday, August 3rd. Vetr downgraded Tesla from a “strong-buy” rating to a “buy” rating and set a $358.85 price target on the stock. in a research report on Tuesday, July 11th. Argus raised Tesla from a “hold” rating to a “buy” rating and lifted their target price for the stock from $355.17 to $444.00 in a research report on Tuesday, August 8th. Finally, Guggenheim reaffirmed a “buy” rating and set a $430.00 price objective on shares of Tesla in a report on Thursday, August 10th. Ten equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $330.44.

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About Tesla

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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