Guinness Atkinson Asset Management Inc Buys 209 Shares of Tesla, Inc. (NASDAQ:TSLA)

Guinness Atkinson Asset Management Inc boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 15.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,550 shares of the electric vehicle producer’s stock after purchasing an additional 209 shares during the quarter. Guinness Atkinson Asset Management Inc’s holdings in Tesla were worth $406,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Tesla by 60.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 549,008 shares of the electric vehicle producer’s stock worth $108,638,000 after acquiring an additional 206,248 shares in the last quarter. Morse Asset Management Inc lifted its stake in shares of Tesla by 138.1% during the second quarter. Morse Asset Management Inc now owns 5,969 shares of the electric vehicle producer’s stock worth $1,181,000 after buying an additional 3,462 shares during the period. Newbridge Financial Services Group Inc. grew its holdings in shares of Tesla by 7.4% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 28,222 shares of the electric vehicle producer’s stock valued at $7,013,000 after buying an additional 1,943 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Tesla by 12.9% in the 2nd quarter. NewEdge Advisors LLC now owns 236,802 shares of the electric vehicle producer’s stock valued at $46,858,000 after acquiring an additional 27,130 shares during the period. Finally, Entropy Technologies LP purchased a new position in Tesla in the 1st quarter worth $1,941,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the sale, the director now owns 85,000 shares in the company, valued at $18,696,600. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Xiaotong Zhu sold 297 shares of the firm’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 sale, the senior vice president now owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. This trade represents 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. Also, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total value of $14,597,425.44. Following the completion of the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at $18,696,600. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 74,661 shares of company stock valued at $16,663,291 in the last 90 days. Company insiders own 20.70% of the company’s stock.

Tesla Trading Down 8.8 %

NASDAQ:TSLA traded down $20.97 during trading hours on Friday, reaching $217.80. 142,628,874 shares of the stock were exchanged, compared to its average volume of 95,239,352. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $271.00. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average of $225.43 and a two-hundred day moving average of $203.61. The company has a market capitalization of $695.79 billion, a price-to-earnings ratio of 61.18, a PEG ratio of 6.54 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last released its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The firm had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. The business’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 earnings per share. On average, equities analysts predict that Tesla, Inc. will post 1.75 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on TSLA shares. Canaccord Genuity Group reiterated a “buy” rating and set a $254.00 price target on shares of Tesla in a research note on Friday, September 13th. Roth Mkm reiterated a “neutral” rating and issued a $85.00 target price on shares of Tesla in a research note on Friday. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research report on Friday. Sanford C. Bernstein reiterated an “underperform” rating and set a $120.00 target price on shares of Tesla in a research report on Thursday, October 3rd. Finally, Stifel Nicolaus started coverage on shares of Tesla in a report on Tuesday, June 25th. They issued a “buy” rating and a $265.00 price target for the company. Nine research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $210.72.

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.