Diversified Trust Co Grows Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Diversified Trust Co lifted its position in Tesla, Inc. (NASDAQ:TSLA) by 50.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,380 shares of the electric vehicle producer’s stock after buying an additional 17,952 shares during the quarter. Tesla makes up 0.5% of Diversified Trust Co’s investment portfolio, making the stock its 29th largest holding. Diversified Trust Co’s holdings in Tesla were worth $21,557,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Transcendent Capital Group LLC purchased a new position in shares of Tesla in the third quarter valued at approximately $29,000. Clean Yield Group boosted its position in Tesla by 60.0% in the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock valued at $33,000 after buying an additional 48 shares during the period. Abich Financial Wealth Management LLC grew its stake in shares of 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 acquiring an additional 81 shares in the last quarter. Valley Wealth Managers Inc. purchased a new stake in shares of Tesla during the second quarter worth $26,000. Finally, Peterson Financial Group Inc. purchased a new position in Tesla in the third quarter valued at $35,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other news, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction on Friday, November 1st. The stock was sold at an average price of $250.23, for a total value of $15,138,915.00. Following the completion of the sale, the director now owns 1,563,220 shares of the company’s stock, valued at $391,164,540.60. The trade was a 3.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the transaction, the director now owns 5,400 shares in the company, valued at $1,868,508. This trade represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 514,886 shares of company stock valued at $169,393,831 over the last quarter. Corporate insiders own 20.70% of the company’s stock.

Tesla Stock Performance

TSLA traded down $11.60 during trading on Tuesday, hitting $399.45. The stock had a trading volume of 36,927,861 shares, compared to its average volume of 80,459,648. The firm has a market capitalization of $1.28 trillion, a P/E ratio of 109.44, a PEG ratio of 10.80 and a beta of 2.30. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The company’s 50-day moving average price is $365.34 and its 200 day moving average price is $276.00.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating analysts’ consensus estimates 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 last year, the firm earned $0.53 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts forecast that Tesla, Inc. will post 1.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TSLA shares. UBS Group increased their price target on Tesla from $197.00 to $226.00 and gave the company a “sell” rating in a research report on Monday, November 25th. Glj Research reaffirmed a “sell” rating and issued a $24.86 target price on shares of Tesla in a report on Friday. StockNews.com upgraded shares of Tesla from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on shares of Tesla from $130.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. Finally, Morgan Stanley increased their target price on Tesla from $310.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Nine research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Tesla presently has a consensus rating of “Hold” and an average target price of $295.69.

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.