Mitchell Mcleod Pugh & Williams Inc. Has $3.39 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 0.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 12,959 shares of the electric vehicle producer’s stock after buying an additional 101 shares during the period. Tesla makes up approximately 0.7% of Mitchell Mcleod Pugh & Williams Inc.’s investment portfolio, making the stock its 29th largest position. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Tesla were worth $3,390,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Bank & Trust Co purchased a new position in Tesla in the second quarter valued at about $25,000. Valley Wealth Managers Inc. acquired a new position in Tesla in the second quarter worth approximately $26,000. Abich Financial Wealth Management LLC raised its position in Tesla by 168.8% during the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock valued at $26,000 after acquiring an additional 81 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in Tesla in the third quarter valued at approximately $29,000. Finally, Clean Yield Group grew its position in Tesla by 60.0% in the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after acquiring an additional 48 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Trading Up 8.2 %

TSLA stock traded up $24.31 during midday trading on Friday, reaching $321.22. The company’s stock had a trading volume of 204,782,763 shares, compared to its average volume of 88,324,920. The business’s 50-day simple moving average is $241.18 and its 200-day simple moving average is $214.90. The stock has a market cap of $1.03 trillion, a PE ratio of 88.01, a price-to-earnings-growth ratio of 10.59 and a beta of 2.29. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $328.71. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLAGet Free Report) last released its earnings results 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. The firm had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. As a group, sell-side analysts expect that Tesla, Inc. will post 1.96 EPS for the current year.

Insider Buying and Selling

In other Tesla news, Director Kimbal Musk sold 60,500 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the completion of the transaction, the director now owns 1,563,220 shares of the company’s stock, valued at $391,164,540.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Tesla news, Director Kimbal Musk sold 60,500 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $250.23, for a total value of $15,138,915.00. Following the transaction, the director now directly owns 1,563,220 shares of the company’s stock, valued at $391,164,540.60. 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 through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $251.76, for a total value of $1,007,040.00. Following the sale, the chief financial officer now owns 105,032 shares of the company’s stock, valued at approximately $26,442,856.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 76,797 shares of company stock valued at $19,211,821. 20.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Phillip Securities raised shares of Tesla to a “moderate sell” rating in a research note on Friday, October 25th. HSBC restated a “reduce” rating and issued a $124.00 target price on shares of Tesla in a report on Friday, October 11th. Guggenheim lifted their price target on shares of Tesla from $153.00 to $156.00 and gave the company a “sell” rating in a research report on Thursday, October 24th. Wells Fargo & Company upped their price objective on shares of Tesla from $120.00 to $125.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a report on Thursday, October 24th. 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 company. According to MarketBeat, Tesla currently has an average rating of “Hold” and a consensus target price of $222.03.

Check Out Our Latest Research Report on Tesla

About Tesla

(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.

Featured Articles

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLAFree Report).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.