Financial Partners Group Inc Has $1.02 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Financial Partners Group Inc reduced its stake in Tesla, Inc. (NASDAQ:TSLA) by 10.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,893 shares of the electric vehicle producer’s stock after selling 464 shares during the period. Financial Partners Group Inc’s holdings in Tesla were worth $1,018,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. China Universal Asset Management Co. Ltd. increased its holdings in Tesla by 0.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer’s stock valued at $6,399,000 after purchasing an additional 331 shares during the period. Central Pacific Bank Trust Division acquired a new stake in Tesla in the first quarter valued at $601,000. Wellington Shields & Co. LLC increased its holdings in Tesla by 104.8% in the first quarter. Wellington Shields & Co. LLC now owns 850 shares of the electric vehicle producer’s stock valued at $149,000 after purchasing an additional 435 shares during the period. Catalina Capital Group LLC increased its holdings in Tesla by 199.0% in the first quarter. Catalina Capital Group LLC now owns 5,942 shares of the electric vehicle producer’s stock valued at $1,044,000 after purchasing an additional 3,955 shares during the period. Finally, Clarity Capital Partners LLC grew its holdings in Tesla by 13.5% during the 1st quarter. Clarity Capital Partners LLC now owns 47,723 shares of the electric vehicle producer’s stock worth $8,389,000 after acquiring an additional 5,694 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on shares of Tesla from $130.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. Piper Sandler increased their price objective on shares of Tesla from $310.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Wedbush reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Tesla in a research report on Thursday, October 24th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $280.00 price target on shares of Tesla in a research report on Tuesday, August 20th. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $219.45.

Insider Activity

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the sale, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the transaction, the senior vice president now owns 67,491 shares of the company’s stock, valued at $14,967,479.07. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $251.76, for a total value of $1,007,040.00. Following the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $26,442,856.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,297 shares of company stock valued at $4,072,906. Company insiders own 20.70% of the company’s stock.

Tesla Stock Performance

TSLA traded up $8.23 during trading hours on Tuesday, hitting $251.07. 28,044,389 shares of the stock were exchanged, compared to its average volume of 93,751,313. The stock has a 50-day simple moving average of $234.73 and a 200-day simple moving average of $211.81. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $273.54. The stock has a market cap of $805.95 billion, a price-to-earnings ratio of 69.05, a price-to-earnings-growth ratio of 8.21 and a beta of 2.29. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. During the same period last year, the company earned $0.53 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Analysts anticipate that Tesla, Inc. will post 1.96 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.