Cottage Street Advisors LLC bought a new stake in shares of Tesla Inc (NASDAQ:TSLA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,300 shares of the electric vehicle producer’s stock, valued at approximately $405,000.

A number of other hedge funds also recently modified their holdings of TSLA. Prudential Financial Inc. boosted its holdings in Tesla by 12.3% during the 2nd quarter. Prudential Financial Inc. now owns 8,031 shares of the electric vehicle producer’s stock valued at $2,904,000 after acquiring an additional 880 shares during the period. Principal Financial Group Inc. raised its position in Tesla by 10.9% during the 2nd quarter. Principal Financial Group Inc. now owns 8,775 shares of the electric vehicle producer’s stock valued at $3,173,000 after purchasing an additional 861 shares during the last quarter. Schroder Investment Management Group raised its position in Tesla by 16.8% during the 2nd quarter. Schroder Investment Management Group now owns 1,237 shares of the electric vehicle producer’s stock valued at $446,000 after purchasing an additional 178 shares during the last quarter. Commonwealth Bank of Australia raised its position in Tesla by 8.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,492 shares of the electric vehicle producer’s stock valued at $538,000 after purchasing an additional 117 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Tesla by 3.3% during the 2nd quarter. Franklin Resources Inc. now owns 39,338 shares of the electric vehicle producer’s stock valued at $14,225,000 after purchasing an additional 1,275 shares during the last quarter. Institutional investors own 57.13% of the company’s stock.

A number of research analysts have commented on TSLA shares. Vetr raised Tesla from a “strong sell” rating to a “sell” rating and set a $320.97 price target for the company in a research report on Friday, October 13th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $265.00 price target on shares of Tesla in a research report on Tuesday, October 3rd. Global Equities Research reaffirmed a “buy” rating and set a $485.00 price target on shares of Tesla in a research report on Wednesday, November 29th. Jefferies Group lowered Tesla from an “in-line” rating to an “underperform” rating and lowered their price target for the company from $312.00 to $240.00 in a research report on Friday, October 27th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Tesla in a research report on Friday, November 10th. Eleven analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $329.48.

In other news, Director Kimbal Musk sold 2,190 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $330.29, for a total value of $723,335.10. Following the transaction, the director now directly owns 154,419 shares in the company, valued at approximately $51,003,051.51. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP John Douglas Field sold 1,000 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $334.87, for a total value of $334,870.00. Following the completion of the transaction, the vice president now owns 20,128 shares in the company, valued at $6,740,263.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,692 shares of company stock worth $5,026,873. Company insiders own 23.10% of the company’s stock.

Shares of Tesla Inc (TSLA) traded down $1.73 on Tuesday, reaching $336.22. The company’s stock had a trading volume of 4,824,700 shares, compared to its average volume of 6,244,122. The stock has a market cap of $57,020.00, a P/E ratio of -39.28 and a beta of 0.94. Tesla Inc has a 1-year low of $229.59 and a 1-year high of $389.61. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($3.09) by $0.17. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.94 billion. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same period last year, the business posted $0.71 EPS. equities analysts expect that Tesla Inc will post -11.38 earnings per share for the current fiscal year.

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Tesla Profile

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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