Steward Partners Investment Advisory LLC decreased its position in Tesla Inc (NASDAQ:TSLA) by 14.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,665 shares of the electric vehicle producer’s stock after selling 278 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Tesla were worth $441,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of TSLA. Northwest Wealth Management LLC acquired a new stake in Tesla in the second quarter valued at approximately $103,000. Stelac Advisory Services LLC acquired a new stake in shares of Tesla during the second quarter worth approximately $114,000. BerganKDV Wealth Management LLC acquired a new stake in shares of Tesla during the second quarter worth approximately $124,000. Mogy Joel R Investment Counsel Inc. acquired a new stake in shares of Tesla during the second quarter worth approximately $201,000. Finally, Goodwin Daniel L acquired a new stake in shares of Tesla during the second quarter worth approximately $206,000. 62.15% of the stock is owned by institutional investors.
TSLA has been the subject of a number of recent analyst reports. KeyCorp set a $300.00 price target on shares of Tesla and gave the stock a “hold” rating in a research report on Tuesday, July 3rd. Goldman Sachs Group reissued a “sell” rating on shares of Tesla in a research report on Sunday, July 8th. Citigroup downgraded shares of Tesla from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $356.00 to $225.00 in a research report on Friday, September 28th. Royal Bank of Canada raised their price target on shares of Tesla to $315.00 and gave the stock a “positive” rating in a research report on Thursday, August 2nd. Finally, Barclays set a $210.00 price target on shares of Tesla and gave the stock a “sell” rating in a research report on Monday, August 27th. Thirteen investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $319.79.
Shares of NASDAQ TSLA opened at $329.90 on Wednesday. Tesla Inc has a fifty-two week low of $244.59 and a fifty-two week high of $387.46. The company has a current ratio of 0.73, a quick ratio of 0.37 and a debt-to-equity ratio of 2.01. The stock has a market cap of $56.45 billion, a P/E ratio of -28.74 and a beta of 0.84.
Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, October 24th. The electric vehicle producer reported $2.90 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.77) by $4.67. Tesla had a negative net margin of 10.22% and a negative return on equity of 34.62%. The business had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $5.67 billion. As a group, analysts predict that Tesla Inc will post -5.09 earnings per share for the current fiscal year.
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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