Alps Advisors Inc. Raises Position in Tesla Inc (NASDAQ:TSLA)

Alps Advisors Inc. boosted its stake in Tesla Inc (NASDAQ:TSLA) by 21.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 19,061 shares of the electric vehicle producer’s stock after buying an additional 3,348 shares during the quarter. Alps Advisors Inc.’s holdings in Tesla were worth $4,591,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of TSLA. Neumann Advisory Hong Kong Ltd lifted its holdings in Tesla by 15.2% in the second quarter. Neumann Advisory Hong Kong Ltd now owns 38,000 shares of the electric vehicle producer’s stock worth $8,491,000 after buying an additional 5,000 shares during the period. WINTON GROUP Ltd purchased a new stake in Tesla in the second quarter worth about $208,000. Cooper Financial Group lifted its holdings in Tesla by 3.1% in the second quarter. Cooper Financial Group now owns 1,974 shares of the electric vehicle producer’s stock worth $441,000 after buying an additional 60 shares during the period. KAMES CAPITAL plc lifted its holdings in Tesla by 95.3% in the second quarter. KAMES CAPITAL plc now owns 139,877 shares of the electric vehicle producer’s stock worth $31,244,000 after buying an additional 68,239 shares during the period. Finally, Valeo Financial Advisors LLC lifted its holdings in Tesla by 23.7% in the second quarter. Valeo Financial Advisors LLC now owns 3,373 shares of the electric vehicle producer’s stock worth $754,000 after buying an additional 646 shares during the period. Institutional investors and hedge funds own 54.61% of the company’s stock.

Several analysts have commented on TSLA shares. China Renaissance Securities started coverage on shares of Tesla in a report on Thursday, September 26th. They issued a “buy” rating and a $324.00 price objective for the company. UBS Group set a $160.00 price objective on shares of Tesla and gave the stock a “sell” rating in a report on Thursday, July 25th. Morgan Stanley restated an “equal weight” rating on shares of Tesla in a report on Friday, November 1st. Jefferies Financial Group set a $300.00 price objective on shares of Tesla and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, Sanford C. Bernstein set a $325.00 price objective on shares of Tesla and gave the stock a “hold” rating in a report on Wednesday, August 21st. Eighteen investment analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Tesla currently has an average rating of “Hold” and a consensus target price of $261.90.

Shares of TSLA opened at $337.14 on Friday. The company has a market capitalization of $57.18 billion, a P/E ratio of -58.94 and a beta of 0.58. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 1.64. The firm has a 50 day moving average of $268.78 and a 200 day moving average of $237.89. Tesla Inc has a twelve month low of $176.99 and a twelve month high of $379.49.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $1.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $2.28. The company had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $6.48 billion. Tesla had a negative net margin of 3.39% and a negative return on equity of 13.42%. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.90 earnings per share. On average, sell-side analysts expect that Tesla Inc will post -5.12 EPS for the current year.

In related news, CFO Zachary Kirkhorn sold 150 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $224.00, for a total transaction of $33,600.00. Following the completion of the sale, the chief financial officer now owns 9,812 shares of the company’s stock, valued at $2,197,888. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Andrew D. Baglino sold 2,366 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $313.25, for a total transaction of $741,149.50. Following the sale, the senior vice president now directly owns 3,288 shares of the company’s stock, valued at approximately $1,029,966. The disclosure for this sale can be found here. Insiders have sold 12,816 shares of company stock valued at $3,923,060 in the last three months. 24.40% of the stock is owned by insiders.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

Featured Story: Capital gains and your 401(k) or IRA

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla Inc (NASDAQ:TSLA).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Leave a Reply

Your email address will not be published. Required fields are marked *

*