Raymond James Financial Services Advisors Inc. Purchases 3,408 Shares of Tesla Inc. (TSLA)

Raymond James Financial Services Advisors Inc. grew its position in shares of Tesla Inc. (NASDAQ:TSLA) by 12.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,110 shares of the electric vehicle producer’s stock after acquiring an additional 3,408 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Tesla were worth $10,271,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSLA. IFC Holdings Incorporated FL boosted its position in shares of Tesla by 18.7% during the third quarter. IFC Holdings Incorporated FL now owns 1,168 shares of the electric vehicle producer’s stock valued at $400,000 after buying an additional 184 shares during the last quarter. First Manhattan Co. boosted its position in shares of Tesla by 37.1% during the third quarter. First Manhattan Co. now owns 2,400 shares of the electric vehicle producer’s stock valued at $818,000 after buying an additional 650 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in shares of Tesla by 23.4% during the third quarter. Rehmann Capital Advisory Group now owns 1,333 shares of the electric vehicle producer’s stock valued at $455,000 after buying an additional 253 shares during the last quarter. Korea Investment CORP boosted its position in shares of Tesla by 160.1% during the third quarter. Korea Investment CORP now owns 35,095 shares of the electric vehicle producer’s stock valued at $11,971,000 after buying an additional 21,600 shares during the last quarter. Finally, Aperio Group LLC boosted its position in shares of Tesla by 8.4% during the third quarter. Aperio Group LLC now owns 32,025 shares of the electric vehicle producer’s stock valued at $10,924,000 after buying an additional 2,489 shares during the last quarter. Hedge funds and other institutional investors own 56.36% of the company’s stock.

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Several research analysts recently issued reports on TSLA shares. Vetr raised Tesla from a “strong sell” rating to a “sell” rating and set a $320.97 target price on the stock in a research report on Friday, October 13th. Morgan Stanley reaffirmed a “hold” rating and set a $317.00 target price on shares of Tesla in a research report on Thursday, September 7th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $265.00 target price on shares of Tesla in a research report on Tuesday, October 3rd. Jefferies Group LLC cut Tesla from an “in-line” rating to an “underperform” rating and cut their target price for the company from $312.00 to $240.00 in a research report on Friday, October 27th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Tesla in a research report on Friday, November 10th. Ten equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $330.28.

Tesla Inc. (TSLA) opened at $315.05 on Friday. Tesla Inc. has a fifty-two week low of $180.00 and a fifty-two week high of $389.61. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.71 and a current ratio of 1.09.

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

In other news, Director Stephen T. Jurvetson sold 44,777 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $340.36, for a total value of $15,240,299.72. Following the completion of the transaction, the director now directly owns 36,111 shares in the company, valued at approximately $12,290,739.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eric Branderiz sold 99 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $350.12, for a total value of $34,661.88. The disclosure for this sale can be found here. Insiders sold a total of 55,518 shares of company stock valued at $18,819,611 over the last quarter. Company insiders own 23.10% of the company’s stock.

About Tesla

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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