Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 226,389 shares of the electric vehicle producer’s stock after selling 9,046 shares during the period. Tesla accounts for about 1.5% of Gulf International Bank UK Ltd’s portfolio, making the stock its 9th biggest position. Gulf International Bank UK Ltd’s holdings in Tesla were worth $59,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSLA. FSM Wealth Advisors LLC boosted its stake in shares of Tesla by 28.2% in the 3rd quarter. FSM Wealth Advisors LLC now owns 5,125 shares of the electric vehicle producer’s stock valued at $1,341,000 after purchasing an additional 1,127 shares in the last quarter. Solitude Financial Services acquired a new stake in Tesla in the third quarter valued at approximately $235,000. Rational Advisors LLC grew its stake in shares of Tesla by 128.6% during the third quarter. Rational Advisors LLC now owns 3,063 shares of the electric vehicle producer’s stock worth $801,000 after buying an additional 1,723 shares during the last quarter. Quintet Private Bank Europe S.A. increased its holdings in shares of Tesla by 19.7% during the third quarter. Quintet Private Bank Europe S.A. now owns 53,879 shares of the electric vehicle producer’s stock worth $14,096,000 after buying an additional 8,867 shares in the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services bought a new position in shares of Tesla in the 3rd quarter valued at $229,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Down 2.5 %

TSLA stock opened at $242.84 on Tuesday. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $273.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The company has a market cap of $779.53 billion, a price-to-earnings ratio of 66.53, a price-to-earnings-growth ratio of 8.21 and a beta of 2.29. The company has a fifty day moving average price of $234.73 and a 200 day moving average price of $211.81.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. The firm 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%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $0.53 earnings per share. Sell-side analysts expect that Tesla, Inc. will post 1.96 earnings per share for the current year.

Wall Street Analyst Weigh In

TSLA has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Tesla from $130.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, October 24th. Canaccord Genuity Group upped their price target on Tesla from $254.00 to $278.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Stifel Nicolaus raised their price objective on Tesla from $265.00 to $287.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Oppenheimer restated a “market perform” rating on shares of Tesla in a research report on Tuesday, October 8th. Finally, New Street Research cut shares of Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price objective for the company. in a research report on Wednesday, July 24th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $219.45.

Insider Activity at Tesla

In other news, SVP Xiaotong Zhu sold 297 shares of the firm’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 completion of the sale, the senior vice president now owns 67,491 shares in the company, valued at approximately $14,967,479.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the sale, the chief financial officer now owns 105,032 shares in the company, valued at $26,258,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the transaction, the senior vice president now owns 67,491 shares in the company, valued at $14,967,479.07. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,297 shares of company stock worth $4,072,906 in the last three months. Insiders own 20.70% of the company’s stock.

About Tesla

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.