Brooklyn Investment Group Buys 5,375 Shares of Tesla, Inc. (NASDAQ:TSLA)

Brooklyn Investment Group grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 50.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 16,096 shares of the electric vehicle producer’s stock after acquiring an additional 5,375 shares during the period. Tesla comprises about 1.4% of Brooklyn Investment Group’s holdings, making the stock its 12th largest position. Brooklyn Investment Group’s holdings in Tesla were worth $4,211,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TSLA. Transcendent Capital Group LLC bought a new stake in Tesla during the 3rd quarter valued at about $29,000. Bank & Trust Co bought a new position in Tesla during the second quarter valued at approximately $25,000. Clean Yield Group boosted its stake in shares of Tesla by 60.0% in the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after buying an additional 48 shares during the last quarter. Abich Financial Wealth Management LLC boosted its position in Tesla by 168.8% in the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock worth $26,000 after purchasing an additional 81 shares during the last quarter. Finally, Valley Wealth Managers Inc. bought a new stake in Tesla during the second quarter valued at approximately $26,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Trading Down 4.0 %

TSLA stock opened at $338.59 on Tuesday. The company has a market capitalization of $1.09 trillion, a PE ratio of 92.76, a P/E/G ratio of 11.45 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 $361.93. The firm’s 50-day moving average is $266.31 and its 200 day moving average is $227.97.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TSLA shares. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research report on Thursday, October 24th. Canaccord Genuity Group raised their price objective on Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $295.00 price objective on shares of Tesla in a research note on Tuesday, September 10th. Wedbush restated an “outperform” rating and set a $400.00 target price on shares of Tesla in a research note on Monday, November 18th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $85.00 price target on shares of Tesla in a research report on Friday, October 11th. Nine investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $231.06.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the transaction, the chief financial officer now owns 105,032 shares of the company’s stock, valued at approximately $26,258,000. This trade represents a 3.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Xiaotong Zhu sold 297 shares of the company’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 transaction of $65,865.69. Following the completion of the sale, the senior vice president now directly owns 67,491 shares of the company’s stock, 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. In the last ninety days, insiders sold 301,187 shares of company stock worth $92,956,692. 20.70% of the stock is currently owned by company insiders.

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.