Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Diversified Trust Co

Diversified Trust Co grew its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 50.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,380 shares of the electric vehicle producer’s stock after acquiring an additional 17,952 shares during the quarter. Tesla comprises 0.5% of Diversified Trust Co’s portfolio, making the stock its 29th biggest position. Diversified Trust Co’s holdings in Tesla were worth $21,557,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Valley Wealth Managers Inc. purchased a new stake in Tesla during the 2nd quarter worth $26,000. Abich Financial Wealth Management LLC lifted its stake in shares of Tesla by 168.8% during the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Tesla in the third quarter worth about $29,000. Clean Yield Group grew its stake in shares of Tesla by 60.0% in the third 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 in the last quarter. Finally, Peterson Financial Group Inc. purchased a new stake in shares of Tesla during the 3rd quarter valued at about $35,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the transaction, the director now owns 5,400 shares of the company’s stock, valued at approximately $1,868,508. This trade represents a 94.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $26,258,000. This represents a 3.67 % 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 in the last quarter. Corporate insiders own 20.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TSLA shares. Needham & Company LLC restated a “hold” rating on shares of Tesla in a report on Thursday, October 24th. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $120.00 price target on shares of Tesla in a report on Thursday, October 3rd. Stifel Nicolaus boosted their price objective on shares of Tesla from $411.00 to $492.00 and gave the stock a “buy” rating in a report on Monday. Deutsche Bank Aktiengesellschaft raised their target price on Tesla from $295.00 to $370.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Glj Research reiterated a “sell” rating and issued a $24.86 price target on shares of Tesla in a research note on Friday. 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $295.69.

Tesla Stock Performance

Shares of TSLA stock traded down $11.60 during trading hours on Tuesday, reaching $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 PE ratio of 109.44, a price-to-earnings-growth ratio of 10.80 and a beta of 2.30. The firm has a 50-day simple moving average of $365.34 and a 200-day simple moving average of $276.00. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating 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 net margin of 13.07% and a return on equity of 10.24%. Tesla’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 earnings per share. As a group, equities analysts forecast that Tesla, Inc. will post 1.99 earnings per share for the current year.

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.