Strs Ohio trimmed its holdings in shares of Tesla Inc (NASDAQ:TSLA) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,234 shares of the electric vehicle producer’s stock after selling 1,123 shares during the period. Strs Ohio’s holdings in Tesla were worth $15,472,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TSLA. Wealthcare Advisory Partners LLC increased its stake in Tesla by 8.1% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 520 shares of the electric vehicle producer’s stock valued at $125,000 after purchasing an additional 39 shares in the last quarter. Joseph P. Lucia & Associates LLC increased its stake in Tesla by 1.0% in the 3rd quarter. Joseph P. Lucia & Associates LLC now owns 4,050 shares of the electric vehicle producer’s stock valued at $976,000 after purchasing an additional 42 shares in the last quarter. Regentatlantic Capital LLC increased its stake in Tesla by 4.7% in the 2nd quarter. Regentatlantic Capital LLC now owns 994 shares of the electric vehicle producer’s stock valued at $222,000 after purchasing an additional 45 shares in the last quarter. Clarus Wealth Advisors increased its stake in Tesla by 83.3% in the 2nd quarter. Clarus Wealth Advisors now owns 110 shares of the electric vehicle producer’s stock valued at $25,000 after purchasing an additional 50 shares in the last quarter. Finally, BB&T Securities LLC increased its stake in Tesla by 1.4% in the 2nd quarter. BB&T Securities LLC now owns 3,560 shares of the electric vehicle producer’s stock valued at $795,000 after purchasing an additional 50 shares in the last quarter. 54.41% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on the company. Piper Jaffray Companies dropped their price objective on Tesla from $386.00 to $372.00 in a research note on Friday, October 18th. ValuEngine upgraded Tesla from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Credit Suisse Group set a $189.00 price objective on Tesla and gave the stock a “sell” rating in a report on Friday, October 4th. Roth Capital restated a “neutral” rating and set a $238.00 price objective on shares of Tesla in a report on Monday, July 22nd. Finally, Morgan Stanley reiterated a “weight” rating on shares of Tesla in a report on Thursday, October 3rd. Eighteen equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $266.94.

Shares of NASDAQ TSLA opened at $254.68 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.71 and a debt-to-equity ratio of 1.71. The stock has a 50 day simple moving average of $242.06 and a 200-day simple moving average of $234.01. The company has a market cap of $45.62 billion, a PE ratio of -44.52 and a beta of 0.52. Tesla Inc has a 12-month low of $176.99 and a 12-month high of $379.49.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $1.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.42) by $2.28. The business had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $6.48 billion. Tesla had a negative return on equity of 11.42% and a negative net margin of 2.64%. The business’s revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.90 earnings per share. Sell-side analysts forecast that Tesla Inc will post -7.38 earnings per share for the current fiscal year.

In other Tesla news, insider Jeffrey B. Straubel sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $230.45, for a total value of $3,456,750.00. Following the completion of the sale, the insider now directly owns 287,723 shares in the company, valued at $66,305,765.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Zachary Kirkhorn sold 150 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $224.00, for a total value of $33,600.00. Following the completion of the sale, the chief financial officer now owns 9,812 shares of the company’s stock, valued at $2,197,888. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,450 shares of company stock valued at $3,566,021. Insiders own 24.40% of the company’s stock.

Tesla Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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