R. G. Niederhoffer Capital Management Inc. bought a new stake in shares of Tesla Inc. (NASDAQ:TSLA) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,500 shares of the electric vehicle producer’s stock, valued at approximately $853,000. Tesla accounts for 5.5% of R. G. Niederhoffer Capital Management Inc.’s holdings, making the stock its 3rd largest position.

Several other large investors also recently modified their holdings of the business. Sei Investments Co. boosted its stake in shares of Tesla by 62.1% during the 3rd quarter. Sei Investments Co. now owns 81,960 shares of the electric vehicle producer’s stock valued at $27,957,000 after buying an additional 31,400 shares during the period. HL Financial Services LLC boosted its stake in shares of Tesla by 29.9% during the 3rd quarter. HL Financial Services LLC now owns 1,326 shares of the electric vehicle producer’s stock valued at $452,000 after buying an additional 305 shares during the period. Global X MANAGEMENT CO LLC boosted its stake in shares of Tesla by 138.1% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 104,318 shares of the electric vehicle producer’s stock valued at $35,583,000 after buying an additional 60,499 shares during the period. Essex Financial Services Inc. boosted its stake in shares of Tesla by 192.0% during the 3rd quarter. Essex Financial Services Inc. now owns 3,384 shares of the electric vehicle producer’s stock valued at $1,154,000 after buying an additional 2,225 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its stake in shares of Tesla by 3.2% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 43,428 shares of the electric vehicle producer’s stock valued at $14,813,000 after buying an additional 1,334 shares during the period. 56.52% of the stock is owned by institutional investors.

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A number of brokerages have issued reports on TSLA. KeyCorp reissued a “hold” rating on shares of Tesla in a research note on Friday. Piper Jaffray Companies reissued a “buy” rating and set a $362.00 target price on shares of Tesla in a research note on Friday, November 3rd. Vetr raised shares of Tesla from a “strong sell” rating to a “sell” rating and set a $282.88 target price for the company in a research note on Thursday, November 2nd. Citigroup Inc. reissued a “hold” rating and set a $371.00 target price on shares of Tesla in a research note on Thursday, November 2nd. Finally, Deutsche Bank AG decreased their target price on shares of Tesla from $320.00 to $310.00 and set a “hold” rating for the company in a research note on Thursday, November 2nd. Ten analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company’s stock. Tesla presently has a consensus rating of “Hold” and an average target price of $330.44.

In other Tesla news, Director Kimbal Musk sold 2,190 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $355.20, for a total value of $777,888.00. Following the transaction, the director now directly owns 158,584 shares in the company, valued at $56,329,036.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP John Douglas Field sold 600 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $301.60, for a total transaction of $180,960.00. Following the completion of the transaction, the vice president now owns 21,424 shares in the company, valued at $6,461,478.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,782 shares of company stock worth $18,294,800. Company insiders own 23.10% of the company’s stock.

Tesla Inc. (TSLA) remained flat at $$302.99 during trading hours on Friday. 4,625,400 shares of the stock were exchanged, compared to its average volume of 6,349,956. Tesla Inc. has a 52-week low of $178.19 and a 52-week high of $389.61. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.60.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, beating the Zacks’ consensus estimate of ($3.09) by $0.17. The firm 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 company’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. equities research analysts predict that Tesla Inc. will post -11.38 EPS for the current year.

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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