BLB&B Advisors LLC Has $1.29 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

BLB&B Advisors LLC trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,933 shares of the electric vehicle producer’s stock after selling 68 shares during the quarter. BLB&B Advisors LLC’s holdings in Tesla were worth $1,291,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Bank & Trust Co acquired a new stake in Tesla during the 2nd quarter worth approximately $25,000. Clean Yield Group lifted its position in Tesla by 60.0% in the 3rd 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 in the last quarter. Abich Financial Wealth Management LLC boosted its stake 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 worth $26,000 after purchasing an additional 81 shares during the period. Valley Wealth Managers Inc. bought a new position in Tesla during the 2nd quarter worth about $26,000. Finally, M&R Capital Management Inc. lifted its holdings in shares of Tesla by 263.2% in the third quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer’s stock valued at $36,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

TSLA stock opened at $217.97 on Wednesday. The company’s 50-day moving average price is $228.30 and its two-hundred day moving average price is $206.36. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $271.00. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. The firm has a market cap of $695.15 billion, a P/E ratio of 55.60, a P/E/G ratio of 6.31 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The company had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. During the same period last year, the firm posted $0.78 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, analysts anticipate that Tesla, Inc. will post 1.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Roth Mkm reiterated a “neutral” rating and set a $85.00 price objective on shares of Tesla in a report on Friday, October 11th. HSBC reaffirmed a “reduce” rating and set a $124.00 price target on shares of Tesla in a research note on Friday, October 11th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research report on Friday, October 11th. KGI Securities reaffirmed a “neutral” rating and issued a $236.00 target price on shares of Tesla in a research report on Thursday, July 25th. Finally, Guggenheim lifted their target price on Tesla from $134.00 to $153.00 and gave the company a “sell” rating in a research report on Friday, September 13th. Nine investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $211.63.

Insider Buying and Selling

In other 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 sale, the senior vice president now directly owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the transaction, the senior vice president now owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at approximately $18,696,600. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 74,661 shares of company stock worth $16,663,291 in the last 90 days. Insiders own 25.10% of the company’s stock.

About Tesla

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.