Colonial River Investments LLC Has $1.56 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Colonial River Investments LLC lowered its stake in Tesla, Inc. (NASDAQ:TSLA) by 50.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,975 shares of the electric vehicle producer’s stock after selling 6,039 shares during the quarter. Colonial River Investments LLC’s holdings in Tesla were worth $1,563,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Capital Wealth Partners LLC increased its position in shares of Tesla by 93.6% in the third quarter. Legacy Capital Wealth Partners LLC now owns 4,870 shares of the electric vehicle producer’s stock worth $1,274,000 after acquiring an additional 2,355 shares in the last quarter. Eagle Bluffs Wealth Management LLC lifted its position in shares of Tesla by 0.6% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 9,127 shares of the electric vehicle producer’s stock valued at $2,388,000 after acquiring an additional 54 shares in the last quarter. FMB Wealth Management boosted its stake in Tesla by 5.6% in the 3rd quarter. FMB Wealth Management now owns 2,097 shares of the electric vehicle producer’s stock worth $549,000 after purchasing an additional 111 shares during the period. Ted Buchan & Co grew its position in Tesla by 6.8% during the 3rd quarter. Ted Buchan & Co now owns 1,659 shares of the electric vehicle producer’s stock worth $434,000 after purchasing an additional 105 shares in the last quarter. Finally, Transcendent Capital Group LLC acquired a new stake in Tesla during the 3rd quarter valued at $29,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

TSLA has been the topic of a number of research analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $310.00 price target on shares of Tesla in a report on Thursday, October 3rd. StockNews.com upgraded shares of Tesla from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. HSBC reiterated a “reduce” rating and issued a $124.00 target price on shares of Tesla in a research report on Friday, October 11th. The Goldman Sachs Group upped their price target on shares of Tesla from $230.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Finally, Phillip Securities raised Tesla to a “moderate sell” rating in a research report on Friday, October 25th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average price target of $222.03.

Tesla Stock Up 8.2 %

TSLA stock opened at $321.22 on Friday. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $328.71. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.03 trillion, a PE ratio of 88.01, a price-to-earnings-growth ratio of 10.59 and a beta of 2.29. The business’s 50-day simple moving average is $241.18 and its 200 day simple moving average is $214.90.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.14. The company had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. Tesla’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. On average, research analysts anticipate that Tesla, Inc. will post 1.96 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other news, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the sale, the director now directly owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the sale, the senior vice president now owns 67,491 shares in the company, valued at approximately $14,967,479.07. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the transaction, the director now directly owns 1,563,220 shares of the company’s stock, valued at $391,164,540.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,797 shares of company stock valued at $19,211,821 in the last 90 days. 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.