Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 19.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,867 shares of the electric vehicle producer’s stock after selling 6,188 shares during the quarter. Raymond James Trust N.A.’s holdings in Tesla were worth $6,768,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. First County Bank CT grew its stake in shares of Tesla by 6.2% during the third quarter. First County Bank CT now owns 3,051 shares of the electric vehicle producer’s stock valued at $798,000 after acquiring an additional 177 shares in the last quarter. Concorde Asset Management LLC grew its stake in Tesla by 2.1% during the 3rd quarter. Concorde Asset Management LLC now owns 3,193 shares of the electric vehicle producer’s stock valued at $835,000 after purchasing an additional 67 shares in the last quarter. Altiora Financial Group LLC raised its position in shares of Tesla by 3.7% in the 3rd quarter. Altiora Financial Group LLC now owns 2,118 shares of the electric vehicle producer’s stock valued at $554,000 after purchasing an additional 75 shares in the last quarter. Edgewood Management LLC acquired a new position in shares of Tesla in the 3rd quarter valued at approximately $259,000. Finally, Darden Wealth Group Inc boosted its stake in shares of Tesla by 10.2% during the 3rd quarter. Darden Wealth Group Inc now owns 2,165 shares of the electric vehicle producer’s stock valued at $566,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

NASDAQ TSLA opened at $352.56 on Friday. The firm has a market capitalization of $1.13 trillion, a PE ratio of 96.59, a P/E/G ratio of 11.03 and a beta of 2.29. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $361.53. The company’s 50 day simple moving average is $264.07 and its 200 day simple moving average is $226.09.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter in the previous year, the business earned $0.53 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts forecast that Tesla, Inc. will post 1.99 EPS for the current fiscal year.

Insider Buying and Selling at Tesla

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the transaction, the director now directly owns 5,400 shares of the company’s stock, valued at $1,868,508. This trade represents a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the sale, the senior vice president now owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. This trade represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 301,187 shares of company stock valued at $92,956,692. 20.70% of the stock is owned by insiders.

Analysts Set New Price Targets

TSLA has been the topic of several recent analyst reports. Stifel Nicolaus upped their price target on shares of Tesla from $265.00 to $287.00 and gave the company a “buy” rating in a report on Friday, October 25th. Jefferies Financial Group upped their target price on shares of Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. Wedbush reiterated an “outperform” rating and issued a $400.00 price target on shares of Tesla in a research note on Monday, November 18th. KGI Securities raised Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 price objective for the company in a report on Thursday, October 24th. Finally, Wells Fargo & Company increased their target price on Tesla from $120.00 to $125.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Nine equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $230.18.

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.