GSA Capital Partners LLP Takes Position in Tesla Inc (TSLA)
GSA Capital Partners LLP bought a new stake in Tesla Inc (NASDAQ:TSLA) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 20,481 shares of the electric vehicle producer’s stock, valued at approximately $6,986,000. Tesla makes up about 0.5% of GSA Capital Partners LLP’s investment portfolio, making the stock its 3rd largest holding.
Other institutional investors have also added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC acquired a new stake in Tesla in the third quarter valued at $100,000. Mckinley Capital Management LLC Delaware acquired a new stake in Tesla in the third quarter valued at $106,000. Pittenger & Anderson Inc. lifted its stake in Tesla by 20.0% in the second quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock valued at $108,000 after acquiring an additional 50 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Tesla by 285.7% in the second quarter. First Eagle Investment Management LLC now owns 405 shares of the electric vehicle producer’s stock valued at $146,000 after acquiring an additional 300 shares during the last quarter. Finally, First Personal Financial Services acquired a new stake in Tesla in the third quarter valued at $148,000. 57.20% of the stock is owned by institutional investors and hedge funds.
A number of analysts have commented on TSLA shares. Jefferies Group cut shares of Tesla from an “in-line” rating to an “underperform” rating and cut their price target for the company from $312.00 to $240.00 in a research note on Friday, October 27th. Nomura reiterated a “buy” rating and issued a $500.00 price target on shares of Tesla in a research note on Tuesday, October 31st. Cann cut shares of Tesla from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Vetr cut shares of Tesla from a “sell” rating to a “strong sell” rating and set a $292.39 price target for the company. in a research note on Monday, October 23rd. Finally, KeyCorp restated a “hold” rating on shares of Tesla in a research note on Friday, November 10th. Thirteen investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $331.04.
Shares of Tesla Inc (NASDAQ TSLA) opened at $339.03 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66. Tesla Inc has a 1-year low of $196.76 and a 1-year high of $389.61.
Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, beating the consensus estimate of ($3.09) by $0.17. The company had revenue of $2.99 billion for 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 24.88%. The firm’s revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 EPS. equities analysts forecast that Tesla Inc will post -11.38 earnings per share for the current year.
In related news, VP Eric Branderiz sold 1,736 shares of Tesla stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $339.49, for a total transaction of $589,354.64. Following the sale, the vice president now directly owns 1,736 shares of the company’s stock, valued at approximately $589,354.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John Douglas Field sold 600 shares of Tesla stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $301.60, for a total transaction of $180,960.00. Following the sale, the vice president now directly owns 21,424 shares in the company, valued at $6,461,478.40. The disclosure for this sale can be found here. Insiders have sold a total of 11,417 shares of company stock worth $3,694,761 over the last ninety days. 23.10% of the stock is currently owned by insiders.
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Tesla Company 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.
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