Highland Private Wealth Management Invests $267,000 in Tesla Inc. (TSLA)

Highland Private Wealth Management bought a new stake in Tesla Inc. (NASDAQ:TSLA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 740 shares of the electric vehicle producer’s stock, valued at approximately $267,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TSLA. Renaissance Technologies LLC raised its stake in shares of Tesla by 117.7% in the first quarter. Renaissance Technologies LLC now owns 677,792 shares of the electric vehicle producer’s stock valued at $188,630,000 after purchasing an additional 366,400 shares in the last quarter. Baillie Gifford & Co. raised its stake in shares of Tesla by 2.5% in the first quarter. Baillie Gifford & Co. now owns 13,625,678 shares of the electric vehicle producer’s stock valued at $3,792,025,000 after purchasing an additional 336,130 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Tesla by 4.9% in the second quarter. Vanguard Group Inc. now owns 6,227,401 shares of the electric vehicle producer’s stock valued at $2,251,890,000 after purchasing an additional 292,602 shares in the last quarter. Whale Rock Capital Management LLC acquired a new position in shares of Tesla in the second quarter valued at $66,601,000. Finally, Jasper Ridge Partners L.P. raised its stake in shares of Tesla by 7,001.5% in the second quarter. Jasper Ridge Partners L.P. now owns 161,276 shares of the electric vehicle producer’s stock valued at $58,319,000 after purchasing an additional 159,005 shares in the last quarter. Institutional investors and hedge funds own 56.63% of the company’s stock.

Tesla Inc. (TSLA) traded down 2.06% during midday trading on Monday, hitting $349.52. The stock had a trading volume of 4,489,104 shares. Tesla Inc. has a 52 week low of $178.19 and a 52 week high of $389.61. The stock’s market capitalization is $58.33 billion. The company’s 50 day moving average price is $354.19 and its 200-day moving average price is $334.05.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) EPS for the quarter, beating the consensus estimate of ($2.00) by $0.67. Tesla had a negative return on equity of 16.36% and a negative net margin of 7.61%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the company earned ($1.06) EPS. The firm’s revenue for the quarter was up 119.6% compared to the same quarter last year. Equities analysts anticipate that Tesla Inc. will post ($6.28) earnings per share for the current fiscal year.

A number of research analysts recently commented on TSLA shares. Vetr lowered Tesla from a “strong-buy” rating to a “buy” rating and set a $385.74 target price for the company. in a research note on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a $180.00 target price (down from $190.00) on shares of Tesla in a research note on Wednesday, July 5th. Sanford C. Bernstein set a $265.00 target price on Tesla and gave the company a “neutral” rating in a research note on Wednesday, September 20th. Royal Bank Of Canada upped their target price on Tesla from $314.00 to $345.00 and gave the company a “sector perform” rating in a research note on Thursday, August 3rd. Finally, Guggenheim restated a “buy” rating and issued a $430.00 target price on shares of Tesla in a research note on Thursday, August 10th. Ten research analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Tesla presently has a consensus rating of “Hold” and a consensus price target of $324.87.

In related news, Director Stephen T. Jurvetson sold 44,777 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $340.36, for a total transaction of $15,240,299.72. Following the sale, the director now owns 36,111 shares in the company, valued at approximately $12,290,739.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kimbal Musk sold 2,190 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $321.36, for a total value of $703,778.40. Following the sale, the director now owns 160,274 shares in the company, valued at approximately $51,505,652.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,446

Several other hedge funds and other institutional investors have also recently modified their holdings of TSLA. Renaissance Technologies LLC raised its stake in shares of Tesla by 117.7% in the first quarter. Renaissance Technologies LLC now owns 677,792 shares of the electric vehicle producer’s stock valued at $188,630,000 after purchasing an additional 366,400 shares in the last quarter. Baillie Gifford & Co. raised its stake in shares of Tesla by 2.5% in the first quarter. Baillie Gifford & Co. now owns 13,625,678 shares of the electric vehicle producer’s stock valued at $3,792,025,000 after purchasing an additional 336,130 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Tesla by 4.9% in the second quarter. Vanguard Group Inc. now owns 6,227,401 shares of the electric vehicle producer’s stock valued at $2,251,890,000 after purchasing an additional 292,602 shares in the last quarter. Whale Rock Capital Management LLC acquired a new position in shares of Tesla in the second quarter valued at $66,601,000. Finally, Jasper Ridge Partners L.P. raised its stake in shares of Tesla by 7,001.5% in the second quarter. Jasper Ridge Partners L.P. now owns 161,276 shares of the electric vehicle producer’s stock valued at $58,319,000 after purchasing an additional 159,005 shares in the last quarter. Institutional investors and hedge funds own 56.63% of the company’s stock.

Tesla Inc. (TSLA) traded down 2.06% during midday trading on Monday, hitting $349.52. The stock had a trading volume of 4,489,104 shares. Tesla Inc. has a 52 week low of $178.19 and a 52 week high of $389.61. The stock’s market capitalization is $58.33 billion. The company’s 50 day moving average price is $354.19 and its 200-day moving average price is $334.05.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) EPS for the quarter, beating the consensus estimate of ($2.00) by $0.67. Tesla had a negative return on equity of 16.36% and a negative net margin of 7.61%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the company earned ($1.06) EPS. The firm’s revenue for the quarter was up 119.6% compared to the same quarter last year. Equities analysts anticipate that Tesla Inc. will post ($6.28) earnings per share for the current fiscal year.

A number of research analysts recently commented on TSLA shares. Vetr lowered Tesla from a “strong-buy” rating to a “buy” rating and set a $385.74 target price for the company. in a research note on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a $180.00 target price (down from $190.00) on shares of Tesla in a research note on Wednesday, July 5th. Sanford C. Bernstein set a $265.00 target price on Tesla and gave the company a “neutral” rating in a research note on Wednesday, September 20th. Royal Bank Of Canada upped their target price on Tesla from $314.00 to $345.00 and gave the company a “sector perform” rating in a research note on Thursday, August 3rd. Finally, Guggenheim restated a “buy” rating and issued a $430.00 target price on shares of Tesla in a research note on Thursday, August 10th. Ten research analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Tesla presently has a consensus rating of “Hold” and a consensus price target of $324.87.

In related news, Director Stephen T. Jurvetson sold 44,777 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $340.36, for a total transaction of $15,240,299.72. Following the sale, the director now owns 36,111 shares in the company, valued at approximately $12,290,739.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kimbal Musk sold 2,190 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $321.36, for a total value of $703,778.40. Following the sale, the director now owns 160,274 shares in the company, valued at approximately $51,505,652.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,446 shares of company stock worth $17,504,929. 23.10% of the stock is owned by corporate insiders.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/09/highland-private-wealth-management-invests-267000-in-tesla-inc-tsla.html.

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.

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply