SG Americas Securities LLC lessened its stake in shares of Tesla Inc. (NASDAQ:TSLA) by 60.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 37,883 shares of the electric vehicle producer’s stock after selling 57,080 shares during the period. SG Americas Securities LLC’s holdings in Tesla were worth $12,922,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TSLA. Pittenger & Anderson Inc. increased 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 worth $108,000 after purchasing an additional 50 shares during the period. Winfield Associates Inc. increased its stake in Tesla by 85.2% in the second quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer’s stock worth $118,000 after purchasing an additional 150 shares during the period. North Star Investment Management Corp. increased its stake in Tesla by 2.8% in the second quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock worth $122,000 after purchasing an additional 9 shares during the period. Carroll Financial Associates Inc. increased its stake in Tesla by 8.7% in the second 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 during the period. Finally, Cornerstone Advisors Inc. increased its stake in 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 purchasing an additional 9 shares during the period. Institutional investors own 56.36% of the company’s stock.

In other Tesla news, Director Stephen T. Jurvetson sold 44,777 shares of the firm’s 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 sale, the director now directly owns 36,111 shares of the company’s stock, valued at $12,290,739.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kimbal Musk sold 2,190 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $355.20, for a total value of $777,888.00. Following the completion of the sale, the director now directly owns 158,584 shares in the company, valued at $56,329,036.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,518 shares of company stock valued at $18,819,611. 23.10% of the stock is owned by company insiders.

TSLA has been the topic of a number of recent analyst reports. Citigroup Inc. initiated coverage on Tesla in a research note on Thursday, July 20th. They issued a “neutral” rating and a $357.00 target price on the stock. Vetr lowered Tesla from a “strong-buy” rating to a “buy” rating and set a $371.27 target price on the stock. in a research note on Monday, July 24th. UBS AG reiterated a “sell” rating and issued a $185.00 target price on shares of Tesla in a research note on Wednesday, July 26th. Robert W. Baird reiterated an “outperform” rating and issued a $368.00 target price on shares of Tesla in a research note on Wednesday, July 26th. Finally, Sanford C. Bernstein set a $265.00 target price on Tesla and gave the stock a “neutral” rating in a research note on Thursday, July 27th. Ten analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $330.28.

Shares of Tesla Inc. (NASDAQ TSLA) traded up $2.17 during mid-day trading on Friday, reaching $314.67. The company had a trading volume of 9,697,630 shares, compared to its average volume of 6,130,000. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71. Tesla Inc. has a 52 week low of $180.00 and a 52 week 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 for the quarter, beating the consensus estimate of ($3.09) by $0.17. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. Tesla’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period last year, the business earned $0.71 earnings per share. equities analysts predict that Tesla Inc. will post -11.38 earnings per share for the current year.

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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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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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