Princeton Capital Management LLC Has $2.09 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Princeton Capital Management LLC boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 23.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,004 shares of the electric vehicle producer’s stock after acquiring an additional 1,532 shares during the period. Princeton Capital Management LLC’s holdings in Tesla were worth $2,094,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. grew its holdings in shares of Tesla by 0.9% during the first quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer’s stock valued at $6,399,000 after buying an additional 331 shares during the last quarter. Bessemer Group Inc. boosted its stake in Tesla by 113.9% during the 1st quarter. Bessemer Group Inc. now owns 65,437 shares of the electric vehicle producer’s stock valued at $11,503,000 after purchasing an additional 34,850 shares during the last quarter. Leelyn Smith LLC increased its holdings in Tesla by 107.2% during the 1st quarter. Leelyn Smith LLC now owns 10,831 shares of the electric vehicle producer’s stock worth $1,904,000 after purchasing an additional 5,603 shares in the last quarter. Crewe Advisors LLC bought a new stake in Tesla during the first quarter worth $9,703,000. Finally, Mattern Capital Management LLC lifted its stake in Tesla by 33.6% during the 1st quarter. Mattern Capital Management LLC now owns 5,195 shares of the electric vehicle producer’s stock valued at $913,000 after acquiring an additional 1,307 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on TSLA shares. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research report on Thursday, October 24th. Glj Research reissued a “sell” rating and issued a $24.86 price target on shares of Tesla in a report on Thursday, October 17th. Argus reaffirmed a “buy” rating and set a $286.00 price target on shares of Tesla in a research report on Friday, July 26th. Robert W. Baird reissued an “outperform” rating and set a $280.00 target price on shares of Tesla in a report on Tuesday, August 20th. Finally, Roth Mkm reissued a “neutral” rating and issued a $85.00 price target on shares of Tesla in a report on Friday, October 11th. Nine analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus price target of $230.18.

Insider Buying and Selling

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares of the company’s stock, valued at $1,868,508. This represents a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the transaction, the senior vice president now owns 67,491 shares in the company, valued at $14,967,479.07. The trade was a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 188,797 shares of company stock valued at $57,616,781 over the last three months. 20.70% of the stock is currently owned by company insiders.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $338.74 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. Tesla, Inc. has a one year low of $138.80 and a one year high of $358.64. The company has a 50-day simple moving average of $254.75 and a 200-day simple moving average of $222.13. The stock has a market capitalization of $1.09 trillion, a price-to-earnings ratio of 92.81, a PEG ratio of 10.42 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. During the same period in the prior year, the business earned $0.53 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Tesla, Inc. will post 1.99 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.