Yeomans Consulting Group Inc. Purchases New Shares in Tesla, Inc. $TSLA

Yeomans Consulting Group Inc. acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) in the 3rd quarter, Holdings Channel reports. The firm acquired 1,078 shares of the electric vehicle producer’s stock, valued at approximately $495,000.

Several other hedge funds have also recently made changes to their positions in TSLA. Chapman Financial Group LLC purchased a new position in Tesla in the second quarter worth about $26,000. LGT Financial Advisors LLC purchased a new position in shares of Tesla in the 2nd quarter worth approximately $29,000. CoreFirst Bank & Trust bought a new position in shares of Tesla during the 2nd quarter valued at approximately $30,000. ESL Trust Services LLC raised its holdings in Tesla by 1,900.0% during the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock valued at $32,000 after buying an additional 95 shares during the period. Finally, Delos Wealth Advisors LLC bought a new stake in Tesla in the second quarter worth $32,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Down 2.1%

Shares of NASDAQ:TSLA opened at $475.19 on Friday. The business’s 50 day moving average is $444.97 and its 200 day moving average is $386.47. The stock has a market cap of $1.58 trillion, a P/E ratio of 316.79, a price-to-earnings-growth ratio of 12.26 and a beta of 1.87. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $498.83. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLAGet Free Report) last issued its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business had revenue of $28.10 billion during the quarter, compared to analyst estimates of $24.98 billion. During the same period in the previous year, the company posted $0.72 EPS. Tesla’s revenue was up 11.6% on a year-over-year basis. Sell-side analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TSLA. Benchmark reiterated a “buy” rating on shares of Tesla in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Tesla from $470.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. UBS Group restated a “sell” rating on shares of Tesla in a research report on Tuesday. Canaccord Genuity Group increased their price target on Tesla from $482.00 to $551.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, BNP Paribas raised their price target on Tesla from $307.00 to $313.00 in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have assigned a Hold rating and nine have issued a Sell rating to the company’s stock. According to MarketBeat.com, Tesla currently has a consensus rating of “Hold” and an average price target of $414.50.

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Insider Activity

In other news, Director Kimbal Musk sold 56,820 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total value of $25,606,501.20. Following the completion of the sale, the director owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. The trade was a 3.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 2,637 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the sale, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at $6,107,145.01. The trade was a 16.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 19.90% of the company’s stock.

Tesla Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean?energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery?electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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