Ironwood Financial llc Purchases New Holdings in Tesla, Inc. (NASDAQ:TSLA)

Ironwood Financial llc acquired a new position in Tesla, Inc. (NASDAQ:TSLAFree Report) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 772 shares of the electric vehicle producer’s stock, valued at approximately $202,000.

Other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC boosted its position in shares of Tesla by 38.5% during the 4th quarter. Fisher Asset Management LLC now owns 21,119 shares of the electric vehicle producer’s stock valued at $5,248,000 after acquiring an additional 5,874 shares in the last quarter. Signal Advisors Wealth LLC boosted its holdings in Tesla by 7.1% during the first quarter. Signal Advisors Wealth LLC now owns 22,106 shares of the electric vehicle producer’s stock valued at $3,886,000 after purchasing an additional 1,471 shares in the last quarter. Thomasville National Bank grew its stake in shares of Tesla by 14.2% in the 1st quarter. Thomasville National Bank now owns 1,548 shares of the electric vehicle producer’s stock valued at $272,000 after purchasing an additional 193 shares during the period. Czech National Bank raised its holdings in shares of Tesla by 0.7% in the 1st quarter. Czech National Bank now owns 487,634 shares of the electric vehicle producer’s stock worth $85,721,000 after buying an additional 3,155 shares in the last quarter. Finally, Abacus Wealth Partners LLC lifted its position in shares of Tesla by 25.7% during the 1st quarter. Abacus Wealth Partners LLC now owns 3,053 shares of the electric vehicle producer’s stock worth $537,000 after buying an additional 624 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Trading Down 0.6 %

TSLA traded down $1.26 during mid-day trading on Thursday, hitting $220.07. The stock had a trading volume of 6,154,041 shares, compared to its average volume of 94,367,234. The stock’s fifty day simple moving average is $226.81 and its 200-day simple moving average is $204.69. The firm has a market capitalization of $703.04 billion, a price-to-earnings ratio of 62.17, a price-to-earnings-growth ratio of 5.94 and a beta of 2.29. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $271.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40.

Tesla (NASDAQ:TSLAGet Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.10). Tesla had a return on equity of 10.41% and a net margin of 13.00%. The business had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. During the same period in the previous year, the business posted $0.78 EPS. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, research analysts forecast that Tesla, Inc. will post 1.75 EPS for the current fiscal year.

Insider Activity

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the sale, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the transaction, the senior vice president now owns 67,491 shares in the company, valued at approximately $14,967,479.07. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vaibhav Taneja sold 8,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $250.00, for a total value of $2,000,000.00. Following the completion of the sale, the chief financial officer now owns 105,032 shares in the company, valued at approximately $26,258,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 74,661 shares of company stock worth $16,663,291 in the last 90 days. Corporate insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

TSLA has been the subject of several recent analyst reports. TD Cowen increased their price objective on Tesla from $160.00 to $180.00 and gave the stock a “hold” rating in a research note on Wednesday, July 3rd. Canaccord Genuity Group reiterated a “buy” rating and set a $254.00 target price on shares of Tesla in a research report on Friday, September 13th. Robert W. Baird restated an “outperform” rating and issued a $280.00 price target on shares of Tesla in a research report on Tuesday, August 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $310.00 price objective on shares of Tesla in a report on Thursday, October 3rd. Finally, Guggenheim boosted their target price on Tesla from $134.00 to $153.00 and gave the stock a “sell” rating in a report on Friday, September 13th. Nine investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $210.72.

View Our Latest Stock Analysis on Tesla

Tesla Profile

(Free Report)

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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