Tarbox Family Office Inc. Invests $284,000 in Tesla, Inc. (NASDAQ:TSLA)

Tarbox Family Office Inc. bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,085 shares of the electric vehicle producer’s stock, valued at approximately $284,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TSLA. BayBridge Capital Group LLC purchased a new position in shares of Tesla during the third quarter valued at $209,000. Mediolanum International Funds Ltd grew its holdings in shares of Tesla by 6.6% during the third quarter. Mediolanum International Funds Ltd now owns 217,820 shares of the electric vehicle producer’s stock valued at $56,640,000 after buying an additional 13,477 shares in the last quarter. Lake Street Advisors Group LLC grew its holdings in shares of Tesla by 16.3% during the third quarter. Lake Street Advisors Group LLC now owns 21,559 shares of the electric vehicle producer’s stock valued at $5,641,000 after buying an additional 3,017 shares in the last quarter. Strategic Investment Solutions Inc. IL grew its holdings in shares of Tesla by 19.1% during the third quarter. Strategic Investment Solutions Inc. IL now owns 4,858 shares of the electric vehicle producer’s stock valued at $1,271,000 after buying an additional 778 shares in the last quarter. Finally, Hudock Inc. purchased a new position in shares of Tesla during the third quarter valued at $247,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Stifel Nicolaus lifted their price target on Tesla from $265.00 to $287.00 and gave the company a “buy” rating in a report on Friday. Guggenheim lifted their price target on Tesla from $153.00 to $156.00 and gave the company a “sell” rating in a report on Thursday. Roth Mkm restated a “neutral” rating and issued a $85.00 target price on shares of Tesla in a research note on Friday, October 11th. Citigroup lowered their target price on Tesla from $274.00 to $258.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Finally, Wedbush restated an “outperform” rating and issued a $300.00 target price on shares of Tesla in a research note on Thursday. Eight investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Tesla has an average rating of “Hold” and an average price target of $219.00.

Insider Activity

In other news, CFO Vaibhav Taneja sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $250.00, for a total value of $2,000,000.00. Following the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $26,258,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was 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 $14,967,479.07. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 8,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $250.00, for a total value of $2,000,000.00. Following 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. Corporate insiders own 25.10% of the company’s stock.

Tesla Trading Up 3.3 %

Tesla stock opened at $269.19 on Friday. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $271.00. The stock has a market cap of $858.50 billion, a price-to-earnings ratio of 68.67, a price-to-earnings-growth ratio of 6.24 and a beta of 2.29. The business has a 50 day moving average price of $229.47 and a two-hundred day moving average price of $206.79. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a return on equity of 10.41% and a net margin of 13.00%. The company had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. During the same period in the prior year, the company posted $0.53 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts forecast that Tesla, Inc. will post 1.75 EPS for the current year.

Tesla Profile

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.