4,411 Shares in Tesla, Inc. (NASDAQ:TSLA) Purchased by Advisor Resource Council

Advisor Resource Council bought a new position in Tesla, Inc. (NASDAQ:TSLA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,411 shares of the electric vehicle producer’s stock, valued at approximately $1,154,000.

A number of other large investors have also added to or reduced their stakes in TSLA. Graypoint LLC boosted its position in Tesla by 19.0% in the third quarter. Graypoint LLC now owns 16,958 shares of the electric vehicle producer’s stock valued at $4,437,000 after buying an additional 2,707 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC purchased a new position in shares of Tesla during the 3rd quarter valued at approximately $384,000. Forte Capital LLC ADV lifted its position in shares of Tesla by 1.1% during the 3rd quarter. Forte Capital LLC ADV now owns 14,277 shares of the electric vehicle producer’s stock valued at $3,735,000 after buying an additional 158 shares in the last quarter. D.B. Root & Company LLC lifted its position in shares of Tesla by 36.2% during the 3rd quarter. D.B. Root & Company LLC now owns 4,094 shares of the electric vehicle producer’s stock valued at $1,071,000 after buying an additional 1,089 shares in the last quarter. Finally, Dechtman Wealth Management LLC purchased a new position in shares of Tesla during the 3rd quarter valued at approximately $238,000. 66.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Kimbal Musk sold 60,500 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $250.23, for a total value of $15,138,915.00. Following the completion of the transaction, the director now directly owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Tesla news, Director Kimbal Musk sold 60,500 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the completion of the sale, the director now directly owns 1,563,220 shares in the company, valued at $391,164,540.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $251.76, for a total value of $1,007,040.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at $26,442,856.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 76,797 shares of company stock worth $19,211,821. 20.70% of the stock is owned by corporate insiders.

Tesla Trading Up 14.8 %

TSLA opened at $288.53 on Thursday. The firm has a market cap of $926.20 billion, a price-to-earnings ratio of 79.05, a price-to-earnings-growth ratio of 8.01 and a beta of 2.29. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $237.23 and its two-hundred day moving average is $213.07. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $289.59.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. The firm had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 earnings per share. On average, research analysts predict that Tesla, Inc. will post 1.96 EPS for the current year.

Analyst Upgrades and Downgrades

TSLA has been the subject of several recent research reports. Jefferies Financial Group increased their price objective on Tesla from $165.00 to $195.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Bank of America raised their price objective on Tesla from $255.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Glj Research reissued a “sell” rating and set a $24.86 price objective on shares of Tesla in a research report on Thursday, October 17th. Morgan Stanley reissued an “overweight” rating and set a $310.00 price objective on shares of Tesla in a research report on Thursday, October 3rd. Finally, Argus reissued a “buy” rating and set a $286.00 price objective on shares of Tesla in a research report on Friday, July 26th. 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $219.45.

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.