San Francisco Sentry Investment Group CA bought a new stake in Tesla Inc. (NASDAQ:TSLA) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 574 shares of the electric vehicle producer’s stock, valued at approximately $208,000.

Other large investors also recently modified their holdings of the company. Pittenger & Anderson Inc. grew its holdings in Tesla by 20.0% in the 2nd quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock valued at $108,000 after buying an additional 50 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in Tesla by 1,213.3% in the 1st quarter. SRS Capital Advisors Inc. now owns 394 shares of the electric vehicle producer’s stock valued at $109,000 after buying an additional 364 shares in the last quarter. Winfield Associates Inc. grew its holdings in Tesla by 85.2% in the 2nd quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer’s stock valued at $118,000 after buying an additional 150 shares in the last quarter. Acropolis Investment Management LLC purchased a new stake in Tesla in the 2nd quarter valued at $122,000. Finally, North Star Investment Management Corp. grew its holdings in Tesla by 2.8% in the 2nd quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock valued at $122,000 after buying an additional 9 shares in the last quarter. Institutional investors own 56.63% of the company’s stock.

Several brokerages have issued reports on TSLA. Guggenheim restated a “buy” rating and issued a $430.00 target price on shares of Tesla in a report on Friday. Standpoint Research cut Tesla from a “hold” rating to a “sell” rating in a report on Wednesday. Instinet began coverage on Tesla in a report on Wednesday. They issued a “buy” rating and a $500.00 target price for the company. Nomura began coverage on Tesla in a report on Wednesday. They issued a “buy” rating and a $500.00 target price for the company. Finally, Morgan Stanley restated an “equal weight” rating and issued a $317.00 target price on shares of Tesla in a report on Tuesday. Ten equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $324.87.

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Shares of Tesla Inc. (NASDAQ TSLA) traded down 0.66% on Friday, hitting $353.00. The company’s stock had a trading volume of 901,777 shares. Tesla Inc. has a 1-year low of $178.19 and a 1-year high of $389.61. The firm’s market cap is $58.91 billion. The company has a 50 day moving average of $354.05 and a 200 day moving average of $333.37.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.00) by $0.67. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Tesla had a negative return on equity of 16.36% and a negative net margin of 7.61%. The business’s quarterly revenue was up 119.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.06) EPS. Equities analysts forecast that Tesla Inc. will post ($6.28) EPS for the current year.

In related news, Director Kimbal Musk sold 2,190 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $341.69, for a total value of $748,301.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen T. Jurvetson sold 44,777 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $340.36, for a total value of $15,240,299.72. Following the completion of the transaction, the director now directly owns 36,111 shares of the company’s stock, valued at $12,290,739.96. The disclosure for this sale can be found here. Insiders sold a total of 51,446 shares of company stock valued at $17,504,929 over the last three months. Corporate insiders own 23.10% of the company’s stock.

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.

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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