Tesla, Inc. $TSLA Position Increased by Nemes Rush Group LLC

Nemes Rush Group LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 64.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,447 shares of the electric vehicle producer’s stock after purchasing an additional 13,477 shares during the period. Tesla accounts for 1.5% of Nemes Rush Group LLC’s portfolio, making the stock its 21st biggest position. Nemes Rush Group LLC’s holdings in Tesla were worth $15,319,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Chapman Financial Group LLC acquired a new stake in Tesla during the second quarter worth about $26,000. Manning & Napier Advisors LLC acquired a new position in Tesla in the third quarter valued at approximately $29,000. CoreFirst Bank & Trust acquired a new position in Tesla in the second quarter valued at approximately $30,000. ESL Trust Services LLC grew its holdings in shares of Tesla by 1,900.0% during the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock valued at $32,000 after purchasing an additional 95 shares during the last quarter. Finally, Delos Wealth Advisors LLC acquired a new stake in shares of Tesla during the 2nd quarter worth approximately $32,000. 66.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,264 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the transaction, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $7,188,625.18. This trade represents a 11.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the sale, the director owned 577,031 shares in the company, valued at $257,009,607.40. This trade represents a 9.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 87,995 shares of company stock valued at $38,315,650 over the last 90 days. 19.90% of the stock is currently owned by company insiders.

Tesla Stock Up 0.1%

TSLA opened at $399.23 on Wednesday. The stock’s 50 day moving average price is $422.85 and its 200 day moving average price is $424.99. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.77. The stock has a market cap of $1.50 trillion, a P/E ratio of 369.66, a P/E/G ratio of 11.79 and a beta of 1.89. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The company had revenue of $24.90 billion during the quarter, compared to analyst estimates of $24.75 billion. During the same quarter in the previous year, the firm posted $0.73 EPS. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. As a group, research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TSLA has been the topic of several recent research reports. Bank of America began coverage on Tesla in a report on Wednesday, March 4th. They issued a “buy” rating and a $460.00 price target on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Tesla in a research report on Thursday, January 29th. William Blair reiterated a “market perform” rating on shares of Tesla in a research note on Friday, January 2nd. Barclays reiterated a “neutral” rating on shares of Tesla in a research note on Wednesday, March 4th. Finally, Needham & Company LLC restated a “hold” rating on shares of Tesla in a research report on Thursday, January 29th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and nine have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $406.84.

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About Tesla

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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