Great Lakes Advisors LLC Purchases New Position in Tesla Inc. (NASDAQ:TSLA)

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10 September, 2017

Over the last quarter, insiders have sold 53,946 shares of company stock valued at $18,481,047. State of Alaska Department of Revenue purchased a new stake in shares of Tesla during the first quarter valued at $201,000. Tesla Motors now has $56.48B valuation. The stock had a trading volume of 2,186,723 shares. (NASDAQ:TSLA) opened at 343.40 on Friday. It has outperformed by 27.73% the S&P500. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The shares were sold at an average price of $340.36, for a total value of $15,240,299.72. The Caldwell & Orkin Inc holds 4,400 shares with $940,000 value, down from 17,400 last quarter. Mcdonalds Corp now has $128.65 billion valuation. The stock decreased 0.70% or $0.24 on September 8, reaching $34.05. About 2.98 million shares traded. It has outperformed by 23.50% the S&P500. Eight equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company's stock. Therefore 89% are positive. Ladenburg Thalmann initiated the stock with "Buy" rating in Monday, November 30 report. Williams Companies Inc. had 41 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Tuesday, March 22 by Jefferies. The stock of McDonald's Corporation (NYSE:MCD) earned "Buy" rating by Cowen & Co on Thursday, August 31. Dougherty & Company has "Buy" rating and $375 target. The company was downgraded on Thursday, December 1 by Guggenheim. The rating was maintained by UBS on Friday, October 30 with "Sell". The firm has "Neutral" rating given on Tuesday, September 13 by Citigroup.

Since March 15, 2017, it had 1 insider purchase, and 1 insider sale for $243,625 activity. Cogut Charles I bought 1,000 shares worth $30,635.

Investors sentiment increased to 1.68 in Q4 2016. Its up 0.19, from 1.08 in 2016Q3. It is negative, as 48 investors sold WMB shares while 217 reduced holdings. 100.51 million shares or 11.10% more from 90.47 million shares in 2016Q3 were reported. Rothschild Asset Mngmt reported 6,727 shares or 0.01% of all its holdings. Wealthtrust accumulated 0.01% or 91 shares. Ruffer Ltd Liability Partnership reported 0.04% stake. Walter & Keenan Consulting Mi Adv holds 0.18% of its portfolio in MPLX LP (NYSE:MPLX) for 10,000 shares. Lastly, Acropolis Investment Management bought a fresh stake in stocks of Tesla through out the 2nd valued at roughly $122,000. Lba Wealth Mngmt Ltd Llc has 0.02% invested in McDonald's Corporation (NYSE:MCD). Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0.06% or 188,695 shares. Franklin Resource, California-based fund reported 2.98 million shares. Honeywell stated it has 57,300 shares or 0.2% of all its holdings. Advisors Asset Mngmt accumulated 111,367 shares or 0.06% of the stock. Psagot House Limited reported 8,520 shares. Susquehanna Intll Group Incorporated Limited Liability Partnership holds 0.01% of its portfolio in Williams Companies Inc (NYSE:WMB) for 491,436 shares.

Gamble Jones Investment Counsel increased Coca Cola Co. First Manhattan Co. raised its position in shares of Tesla by 6.0% during the 1st quarter. Texas Instruments Inc (NASDAQ:TXN) was raised too. On average, equities analysts predict that Tesla Inc. will post ($6.26) EPS for the current year. Therefore 55% are positive. Tesla Inc. has a 52 week low of $178.19 and a 52 week high of $386.99. The stock has a consensus rating of "Hold" and an average target price of $251.68. The rating was initiated by JMP Securities on Monday, December 14 with "Market Perform".

TSLA has been the subject of a number of recent analyst reports. Credit Suisse maintained it with "Outperform" rating and $280 target in Tuesday, April 5 report. The rating was maintained by Stifel Nicolaus on Thursday, August 10 with "Buy". As per Saturday, August 15, the company rating was maintained by Stifel Nicolaus. Deutsche Bank maintained Tesla Inc (NASDAQ:TSLA) on Tuesday, August 4 with "Hold" rating. Following the completion of the sale, the director now owns 166,846 shares in the company, valued at approximately $35,521,513.40. (NYSE:MMC) was reduced too.

Investors sentiment increased to 1.27 in 2016 Q4. Its up 0.19, from 1.08 in 2016Q3. It fall, as 79 investors sold Monday shares while 323 reduced holdings. 82 funds opened positions while 219 raised stakes. 326.16 million shares or 2.74% more from 317.45 million shares in 2016Q3 were reported.

American Century Companies Inc. reduced its holdings in Tesla Inc. Connor Clark Lunn Management Ltd holds 0.01% of its portfolio in Tesla Inc (NASDAQ:TSLA) for 3,700 shares. Assetmark stated it has 256 shares. Principal Financial Gp has 8,131 shares for 0% of their portfolio. $25.00 million worth of Tesla Inc (NASDAQ:TSLA) was bought by Musk Elon. Blackrock Japan Limited holds 0.11% or 160,187 shares. Beech Hill Inc has 3,103 shares. It also reduced its holding in Paypal Hldgs Inc by 10,070 shares in the quarter, leaving it with 68,398 shares, and cut its stake in Ishares Tr (FLOT). Martin Currie Ltd has invested 0.03% in Tesla Inc (NASDAQ:TSLA). Peloton Wealth Strategists reported 0.72% stake.

Shares of Tesla Motors (NASDAQ:TSLA) traded down 0.09% on Thursday, hitting $251.33. The New York-based Aravt Glob Ltd Limited Liability Company has invested 3.32% in Williams Companies Inc (NYSE:WMB). Caprock Grp Inc invested in 0.08% or 1,428 shares. The institutional investor held 60,744 shares of the public utilities company at the end of 2016Q4, valued at $1.89 million, up from 49,844 at the end of the previous reported quarter.

Since March 17, 2017, it had 1 buying transaction, and 6 selling transactions for $18.08 million activity. Morgan Stanley has 3.79M shares for 0.27% of their portfolio.

In other Tesla news, Director Kimbal Musk sold 4,690 shares of the stock in a transaction that occurred on Monday, July 3rd. Shares for $6.24 million were sold by DENHOLM ROBYN M on Monday, May 8.

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