Appleton Partners Inc. MA Purchases Shares of 881 Tesla Inc (TSLA)

Appleton Partners Inc. MA purchased a new position in shares of Tesla Inc (NASDAQ:TSLA) during the 4th quarter, HoldingsChannel reports. The fund purchased 881 shares of the electric vehicle producer’s stock, valued at approximately $274,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. Wealthcare Advisory Partners LLC acquired a new position in shares of Tesla in the third quarter valued at $100,000. Mckinley Capital Management LLC Delaware acquired a new position in shares of Tesla in the third quarter valued at $106,000. First Personal Financial Services acquired a new position in shares of Tesla in the third quarter valued at $148,000. WFG Advisors LP increased its holdings in shares of Tesla by 106.8% in the second quarter. WFG Advisors LP now owns 457 shares of the electric vehicle producer’s stock valued at $165,000 after purchasing an additional 236 shares during the last quarter. Finally, Advisory Services Network LLC increased its holdings in shares of Tesla by 21.6% in the second quarter. Advisory Services Network LLC now owns 534 shares of the electric vehicle producer’s stock valued at $193,000 after purchasing an additional 95 shares during the last quarter. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Kimbal Musk sold 4,065 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $312.08, for a total transaction of $1,268,605.20. Following the completion of the sale, the director now owns 154,589 shares of the company’s stock, valued at $48,244,135.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John Douglas Field sold 600 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $301.60, for a total transaction of $180,960.00. Following the sale, the vice president now directly owns 21,424 shares of the company’s stock, valued at approximately $6,461,478.40. The disclosure for this sale can be found here. Insiders have sold 15,692 shares of company stock valued at $5,026,873 in the last ninety days. 23.10% of the stock is currently owned by company insiders.

Tesla Inc (TSLA) opened at $336.22 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71. Tesla Inc has a one year low of $229.59 and a one year high of $389.61. The company has a market cap of $56,510.00, a PE ratio of -39.28 and a beta of 0.94.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.09) by $0.17. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the company posted $0.71 earnings per share. Tesla’s revenue was up 29.9% compared to the same quarter last year. research analysts anticipate that Tesla Inc will post -11.38 EPS for the current fiscal year.

TSLA has been the topic of several research reports. Robert W. Baird reiterated a “buy” rating and issued a $411.00 price objective on shares of Tesla in a report on Friday, September 29th. Nomura initiated coverage on shares of Tesla in a report on Wednesday, October 4th. They issued a “buy” rating and a $500.00 price objective on the stock. Instinet initiated coverage on shares of Tesla in a report on Wednesday, October 4th. They issued a “buy” rating and a $500.00 price objective on the stock. Guggenheim reiterated a “buy” rating and issued a $430.00 price objective on shares of Tesla in a report on Friday, October 6th. Finally, Piper Jaffray Companies set a $386.00 price objective on shares of Tesla and gave the company a “buy” rating in a report on Monday, October 16th. Eleven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $329.48.

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Tesla Company Profile

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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