TSA Wealth Managment LLC Has $477,000 Position in Tesla, Inc. (NASDAQ:TSLA)

TSA Wealth Managment LLC lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 23.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,822 shares of the electric vehicle producer’s stock after purchasing an additional 345 shares during the period. TSA Wealth Managment LLC’s holdings in Tesla were worth $477,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSLA. Bank & Trust Co acquired a new stake in Tesla during the second quarter worth approximately $25,000. Valley Wealth Managers Inc. bought a new stake in Tesla in the 2nd quarter valued at $26,000. Abich Financial Wealth Management LLC grew its holdings in Tesla by 168.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock valued at $26,000 after buying an additional 81 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Tesla during the third quarter worth $29,000. Finally, Clean Yield Group boosted its position in shares of Tesla by 60.0% in the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock valued at $33,000 after acquiring an additional 48 shares during the period. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other news, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were 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 in the company, valued at approximately $14,967,479.07. This represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vaibhav Taneja sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $250.00, for a total value of $2,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at $26,258,000. This trade represents a 7.08 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 188,797 shares of company stock valued at $57,616,781. 20.70% of the stock is currently owned by company insiders.

Tesla Trading Up 3.1 %

NASDAQ:TSLA opened at $320.72 on Friday. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $358.64. The firm’s fifty day moving average is $252.30 and its 200-day moving average is $220.46. The firm has a market cap of $1.03 trillion, a P/E ratio of 87.87, a P/E/G ratio of 10.73 and a beta of 2.29. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $25.47 billion. During the same period last year, the company posted $0.53 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. Equities analysts expect that Tesla, Inc. will post 1.99 earnings per share for the current year.

Analysts Set New Price Targets

TSLA has been the topic of a number of recent research reports. Canaccord Genuity Group raised their price target on shares of Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Argus reaffirmed a “buy” rating and set a $286.00 target price on shares of Tesla in a report on Friday, July 26th. Phillip Securities cut Tesla from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday. Cantor Fitzgerald restated a “neutral” rating and set a $245.00 price objective on shares of Tesla in a research report on Wednesday, October 23rd. Finally, Wedbush raised their target price on Tesla from $300.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Nine analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $230.18.

Tesla 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.