Jones Financial Companies Lllp Has $63.06 Million Position in Tesla, Inc. $TSLA

Jones Financial Companies Lllp grew its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 55.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 239,337 shares of the electric vehicle producer's stock after purchasing an additional 85,208 shares during the quarter. Jones Financial Companies Lllp's holdings in Tesla were worth $63,064,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cherry Tree Wealth Management LLC increased its holdings in shares of Tesla by 86.3% in the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock worth $25,000 after acquiring an additional 44 shares in the last quarter. First PREMIER Bank lifted its position in shares of Tesla by 79.2% in the first quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after buying an additional 42 shares during the last quarter. Newton One Investments LLC lifted its holdings in Tesla by 250.0% during the 1st quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock worth $27,000 after purchasing an additional 75 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in Tesla during the 1st quarter worth $27,000. Finally, Chelsea Counsel Co. increased its stake in shares of Tesla by 59.7% in the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 40 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Activity

In other Tesla news, SVP Xiaotong Zhu sold 20,000 shares of the firm's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of the transaction, the senior vice president owned 47,600 shares of the company's stock, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $292.89, for a total transaction of $1,171,560.00. Following the sale, the chief financial officer owned 5,924 shares in the company, valued at approximately $1,735,080.36. This represents a 40.31% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 148,606 shares of company stock worth $51,999,662. Corporate insiders own 20.70% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TSLA shares. Royal Bank Of Canada reissued an "overweight" rating on shares of Tesla in a report on Tuesday, July 29th. HSBC reissued a "reduce" rating and set a $120.00 price objective on shares of Tesla in a report on Thursday, July 3rd. Bank of America upped their price objective on Tesla from $305.00 to $341.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research report on Thursday, July 24th. Finally, The Goldman Sachs Group reissued a "neutral" rating on shares of Tesla in a research note on Sunday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, fourteen have issued a Hold rating and nine have given a Sell rating to the stock. Based on data from MarketBeat.com, Tesla has a consensus rating of "Hold" and a consensus price target of $303.00.

Tesla Trading Up 7.4%

Shares of TSLA stock opened at $395.94 on Friday. Tesla, Inc. has a 1 year low of $212.11 and a 1 year high of $488.54. The firm has a fifty day moving average price of $328.89 and a 200-day moving average price of $303.57. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. The company has a market cap of $1.28 trillion, a price-to-earnings ratio of 228.87, a PEG ratio of 12.87 and a beta of 2.06.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). Tesla had a net margin of 6.54% and a return on equity of 7.98%. The firm had revenue of $22.50 billion for the quarter, compared to analysts' expectations of $23.18 billion. During the same quarter last year, the firm posted $0.52 EPS. The firm's quarterly revenue was down 11.8% compared to the same quarter last year. As a group, equities analysts predict that Tesla, Inc. will post 2.56 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.

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