Stratos Wealth Partners LTD. boosted its position in shares of Tesla Inc (NASDAQ:TSLA) by 28.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,015 shares of the electric vehicle producer’s stock after buying an additional 672 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Tesla were worth $798,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Summit Trail Advisors LLC boosted its stake in Tesla by 7.3% during the second quarter. Summit Trail Advisors LLC now owns 2,448 shares of the electric vehicle producer’s stock worth $840,000 after buying an additional 166 shares during the period. Accredited Investors Inc. boosted its stake in Tesla by 26.4% during the third quarter. Accredited Investors Inc. now owns 813 shares of the electric vehicle producer’s stock worth $215,000 after buying an additional 170 shares during the period. Flagship Harbor Advisors LLC boosted its stake in Tesla by 9.1% during the second quarter. Flagship Harbor Advisors LLC now owns 2,392 shares of the electric vehicle producer’s stock worth $820,000 after buying an additional 199 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Tesla by 9.8% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,231 shares of the electric vehicle producer’s stock worth $766,000 after buying an additional 200 shares during the period. Finally, First Mercantile Trust Co. boosted its stake in Tesla by 5.0% during the second quarter. First Mercantile Trust Co. now owns 4,200 shares of the electric vehicle producer’s stock worth $1,440,000 after buying an additional 200 shares during the period. 62.17% of the stock is owned by institutional investors.

TSLA has been the subject of a number of recent analyst reports. Needham & Company LLC lowered shares of Tesla from a “hold” rating to an “underperform” rating in a research note on Thursday, July 19th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $180.00 target price on shares of Tesla and gave the company a “sell” rating in a research note on Friday, July 20th. Morningstar set a $179.00 target price on shares of Tesla and gave the company a “neutral” rating in a research note on Tuesday, July 24th. Goldman Sachs Group reissued a “sell” rating and set a $195.00 target price on shares of Tesla in a research note on Monday, July 30th. Finally, UBS Group reissued a “sell” rating and set a $195.00 target price on shares of Tesla in a research note on Monday, July 30th. Thirteen research analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $318.58.

TSLA stock opened at $350.51 on Friday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.37 and a current ratio of 0.81. Tesla Inc has a 1-year low of $244.59 and a 1-year high of $387.46.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, October 24th. The electric vehicle producer reported $2.90 earnings per share for the quarter, beating the consensus estimate of ($1.77) by $4.67. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $5.67 billion. Tesla had a negative return on equity of 34.27% and a negative net margin of 10.22%. On average, sell-side analysts predict that Tesla Inc will post -5.09 EPS for the current year.

In other news, CEO Elon Musk bought 29,844 shares of Tesla stock in a transaction on Monday, October 29th. The stock was acquired at an average cost of $334.98 per share, for a total transaction of $9,997,143.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jerome M. Guillen sold 1,000 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $306.00, for a total transaction of $306,000.00. Following the completion of the transaction, the insider now owns 8,598 shares of the company’s stock, valued at $2,630,988. The disclosure for this sale can be found here. Insiders sold 18,875 shares of company stock valued at $6,444,610 over the last 90 days. 22.80% of the stock is currently owned by corporate insiders.

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Tesla Company Profile

Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The firm operates through Automotive, and Energy Generation and Storage segments.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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