Verus Capital Partners LLC Has $4.23 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

Verus Capital Partners LLC trimmed its position in Tesla, Inc. (NASDAQ:TSLA) by 1.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 16,179 shares of the electric vehicle producer’s stock after selling 179 shares during the period. Verus Capital Partners LLC’s holdings in Tesla were worth $4,233,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TSLA. Crystal Rock Capital Management grew its holdings in shares of Tesla by 20.9% during the third quarter. Crystal Rock Capital Management now owns 9,555 shares of the electric vehicle producer’s stock valued at $2,500,000 after buying an additional 1,650 shares in the last quarter. Harbour Investments Inc. boosted its position in Tesla by 0.9% during the 3rd quarter. Harbour Investments Inc. now owns 24,855 shares of the electric vehicle producer’s stock worth $6,503,000 after acquiring an additional 227 shares during the period. Entropy Technologies LP purchased a new position in Tesla during the 3rd quarter valued at about $2,642,000. Everhart Financial Group Inc. lifted its position in shares of Tesla by 15.5% in the third quarter. Everhart Financial Group Inc. now owns 14,208 shares of the electric vehicle producer’s stock worth $3,717,000 after purchasing an additional 1,903 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Tesla by 20.7% during the third quarter. Venturi Wealth Management LLC now owns 16,130 shares of the electric vehicle producer’s stock worth $4,220,000 after purchasing an additional 2,764 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $350.00 on Tuesday. The firm has a market capitalization of $1.12 trillion, a PE ratio of 95.89, a PEG ratio of 10.59 and a beta of 2.29. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $358.64. The business’s 50 day moving average is $243.90 and its 200-day moving average is $217.03.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 13.07% and a return on equity of 10.24%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 EPS. Sell-side analysts predict that Tesla, Inc. will post 1.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TSLA. Wolfe Research initiated coverage on shares of Tesla in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Argus reiterated a “buy” rating and set a $286.00 price objective on shares of Tesla in a report on Friday, July 26th. Guggenheim upped their target price on Tesla from $153.00 to $156.00 and gave the stock a “sell” rating in a research report on Thursday, October 24th. New Street Research lowered Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price target for the company. in a report on Wednesday, July 24th. Finally, Roth Mkm restated a “neutral” rating and issued a $85.00 price objective on shares of Tesla in a report on Friday, October 11th. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $225.06.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $251.76, for a total value of $1,007,040.00. Following the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $26,442,856.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $251.76, for a total transaction of $1,007,040.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,442,856.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,797 shares of company stock valued at $19,211,821 over the last quarter. Corporate insiders own 20.70% of the company’s stock.

Tesla Company 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.