Zweig DiMenna Associates LLC increased its position in shares of Tesla Inc. (NASDAQ:TSLA) by 5.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,220 shares of the electric vehicle producer’s stock after buying an additional 1,172 shares during the period. Zweig DiMenna Associates LLC’s holdings in Tesla were worth $7,920,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Flagship Harbor Advisors LLC grew its stake in Tesla by 0.4% in the second quarter. Flagship Harbor Advisors LLC now owns 987 shares of the electric vehicle producer’s stock valued at $309,000 after purchasing an additional 4 shares during the last quarter. North Star Investment Management Corp. grew 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 valued at $122,000 after purchasing an additional 9 shares during the last quarter. Cornerstone Advisors Inc. grew 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 valued at $145,000 after purchasing an additional 9 shares during the last quarter. Sterling Investment Advisors Ltd. grew its stake in Tesla by 2.2% in the second quarter. Sterling Investment Advisors Ltd. now owns 853 shares of the electric vehicle producer’s stock valued at $308,000 after purchasing an additional 18 shares during the last quarter. Finally, WASHINGTON TRUST Co grew its stake in Tesla by 1.7% in the second quarter. WASHINGTON TRUST Co now owns 1,178 shares of the electric vehicle producer’s stock valued at $426,000 after purchasing an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 56.52% of the company’s stock.

In related news, VP Eric Branderiz sold 99 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $350.12, for a total transaction of $34,661.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen T. Jurvetson sold 44,777 shares of the business’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 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 have sold 53,782 shares of company stock valued at $18,294,800 over the last quarter. 23.10% of the stock is owned by company insiders.

Shares of Tesla Inc. (NASDAQ TSLA) remained flat at $$302.99 on Friday. The company had a trading volume of 4,625,400 shares, compared to its average volume of 6,349,956. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.60 and a current ratio of 1.09. Tesla Inc. has a 12-month low of $178.19 and a 12-month high of $389.61.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.09) by $0.17. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the business earned $0.71 earnings per share. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. analysts predict that Tesla Inc. will post -11.38 EPS for the current fiscal year.

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Several research firms have issued reports on TSLA. Robert W. Baird reiterated an “outperform” rating and issued a $411.00 target price on shares of Tesla in a research note on Monday, September 18th. Jefferies Group LLC began coverage on Tesla in a research note on Tuesday, September 19th. They issued an “underperform” rating and a $280.00 target price on the stock. They noted that the move was a valuation call. Sanford C. Bernstein set a $265.00 target price on Tesla and gave the company a “neutral” rating in a research note on Wednesday, September 20th. Vetr upgraded Tesla from a “strong sell” rating to a “sell” rating and set a $341.74 target price on the stock in a research note on Wednesday, September 20th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $200.00 target price (up previously from $180.00) on shares of Tesla in a research note on Wednesday, August 9th. Ten research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. Tesla presently has an average rating of “Hold” and a consensus target price of $330.44.

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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