Hendershot Investments Inc. Boosts Position in Tesla, Inc. (NASDAQ:TSLA)

Hendershot Investments Inc. raised its stake in shares of Tesla, Inc. (NASDAQ:TSLAGet Rating) by 200.0% in the third quarter, Holdings Channel reports. The institutional investor owned 600 shares of the electric vehicle producer’s stock after buying an additional 400 shares during the quarter. Hendershot Investments Inc.’s holdings in Tesla were worth $159,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TSLA. Horan Securities Inc. grew its holdings in shares of Tesla by 164.3% during the second quarter. Horan Securities Inc. now owns 37 shares of the electric vehicle producer’s stock worth $27,000 after purchasing an additional 23 shares in the last quarter. TFO TDC LLC purchased a new stake in Tesla in the second quarter worth approximately $27,000. BCR Wealth Strategies LLC boosted its stake in Tesla by 916.7% in the second quarter. BCR Wealth Strategies LLC now owns 61 shares of the electric vehicle producer’s stock worth $41,000 after buying an additional 55 shares in the last quarter. Clearview Wealth Advisors LLC boosted its stake in Tesla by 48.8% in the second quarter. Clearview Wealth Advisors LLC now owns 64 shares of the electric vehicle producer’s stock worth $43,000 after buying an additional 21 shares in the last quarter. Finally, Wellington Shields & Co. LLC purchased a new stake in Tesla in the second quarter worth approximately $48,000. Hedge funds and other institutional investors own 43.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on TSLA. Roth Capital upped their target price on Tesla from $83.33 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, October 20th. Evercore ISI cut their target price on Tesla from $300.00 to $200.00 and set an “in-line” rating for the company in a research note on Tuesday, December 20th. Edward Jones upgraded Tesla from a “hold” rating to a “buy” rating in a research report on Thursday, January 5th. JPMorgan Chase & Co. lowered their price objective on Tesla from $150.00 to $125.00 and set an “underweight” rating for the company in a research report on Tuesday, January 3rd. Finally, Morgan Stanley lowered their price objective on Tesla from $330.00 to $250.00 and set an “overweight” rating for the company in a research report on Wednesday, December 28th. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $218.29.

Tesla Stock Up 4.9 %

NASDAQ TSLA opened at $133.42 on Friday. The stock’s 50-day moving average price is $150.72 and its 200-day moving average price is $221.94. The company has a quick ratio of 1.04, a current ratio of 1.46 and a debt-to-equity ratio of 0.05. Tesla, Inc. has a 52 week low of $101.81 and a 52 week high of $384.29. The company has a market capitalization of $421.31 billion, a P/E ratio of 41.22, a price-to-earnings-growth ratio of 1.06 and a beta of 2.02.

Tesla (NASDAQ:TSLAGet Rating) last posted its quarterly earnings data on Wednesday, October 19th. The electric vehicle producer reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. Tesla had a return on equity of 31.10% and a net margin of 14.95%. The firm had revenue of $21.45 billion for the quarter, compared to the consensus estimate of $21.96 billion. During the same quarter last year, the company earned $0.48 earnings per share. The business’s revenue for the quarter was up 55.9% compared to the same quarter last year. On average, equities research analysts predict that Tesla, Inc. will post 3.57 earnings per share for the current year.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $229.95, for a total value of $2,414,475.00. Following the transaction, the senior vice president now owns 62,988 shares of the company’s stock, valued at $14,484,090.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the sale, the senior vice president now owns 62,988 shares of the company’s stock, valued at approximately $14,484,090.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Elon Musk sold 4,400,000 shares of Tesla stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $191.63, for a total value of $843,172,000.00. Following the sale, the chief executive officer now directly owns 445,617,432 shares in the company, valued at approximately $85,393,668,494.16. The disclosure for this sale can be found here. Insiders have sold 24,172,833 shares of company stock valued at $4,492,567,309 over the last quarter. 25.10% of the stock is currently owned by company insiders.

Tesla Profile

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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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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