Leisure Capital Management Purchases 2,824 Shares of Tesla, Inc. (NASDAQ:TSLA)

Leisure Capital Management grew its stake in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 201.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,224 shares of the electric vehicle producer’s stock after purchasing an additional 2,824 shares during the quarter. Leisure Capital Management’s holdings in Tesla were worth $1,120,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cranbrook Wealth Management LLC increased its holdings in shares of Tesla by 224.1% during the third quarter. Cranbrook Wealth Management LLC now owns 94 shares of the electric vehicle producer’s stock worth $25,000 after purchasing an additional 65 shares during the period. Coston McIsaac & Partners increased its holdings in shares of Tesla by 200.0% during the third quarter. Coston McIsaac & Partners now owns 96 shares of the electric vehicle producer’s stock worth $25,000 after purchasing an additional 64 shares during the period. TFO TDC LLC bought a new position in shares of Tesla during the second quarter worth approximately $27,000. Horan Securities Inc. increased 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 during the period. Finally, West Oak Capital LLC bought a new position in shares of Tesla during the third quarter worth approximately $27,000. 43.00% of the stock is owned by institutional investors.

Tesla Trading Up 4.9 %

NASDAQ:TSLA opened at $133.42 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.46 and a quick ratio of 1.04. The firm has a 50-day moving average of $150.72 and a 200-day moving average of $221.94. The company has a market cap of $421.31 billion, a PE ratio of 41.22, a PEG ratio of 1.06 and a beta of 2.02. Tesla, Inc. has a one year low of $101.81 and a one year high of $384.29.

Tesla (NASDAQ:TSLAGet Rating) last posted its earnings results 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. The company had revenue of $21.45 billion during the quarter, compared to the consensus estimate of $21.96 billion. Tesla had a net margin of 14.95% and a return on equity of 31.10%. The firm’s revenue for the quarter was up 55.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share. As a group, equities research analysts expect that Tesla, Inc. will post 3.57 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TSLA. Cowen decreased their price objective on shares of Tesla from $244.00 to $205.00 and set a “market perform” rating on the stock in a research note on Thursday, October 20th. StockNews.com began coverage on shares of Tesla in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Citigroup decreased their price objective on shares of Tesla from $176.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, January 13th. Mizuho decreased their price objective on shares of Tesla from $285.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, January 5th. Finally, TheStreet lowered shares of Tesla from a “b-” rating to a “c+” rating in a research report on Tuesday, November 1st. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tesla presently has an average rating of “Hold” and a consensus target price of $218.29.

Insider Transactions at Tesla

In related news, CFO Zachary Kirkhorn sold 3,752 shares of the business’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $109.31, for a total transaction of $410,131.12. Following the transaction, the chief financial officer now directly owns 200,411 shares in the company, valued at $21,906,926.41. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Zachary Kirkhorn sold 3,752 shares of the business’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $109.31, for a total transaction of $410,131.12. Following the transaction, the chief financial officer now directly owns 200,411 shares in the company, valued at $21,906,926.41. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the completion of the transaction, the senior vice president now owns 62,988 shares in the company, valued at $14,484,090.60. The disclosure for this sale can be found here. Insiders sold a total of 24,172,833 shares of company stock valued at $4,492,567,309 over the last three months. Corporate insiders own 25.10% of the company’s stock.

Tesla Company 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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