Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by RWQ Financial Management Services Inc.

RWQ Financial Management Services Inc. increased its position in Tesla, Inc. (NASDAQ:TSLA) by 5,030.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,699 shares of the electric vehicle producer’s stock after buying an additional 79,126 shares during the period. Tesla accounts for 7.3% of RWQ Financial Management Services Inc.’s portfolio, making the stock its 7th largest holding. RWQ Financial Management Services Inc.’s holdings in Tesla were worth $21,113,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. China Universal Asset Management Co. Ltd. boosted its position in Tesla by 0.9% during the first quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer’s stock worth $6,399,000 after purchasing an additional 331 shares during the period. BNP Paribas acquired a new position in Tesla during the 1st quarter worth $566,000. Nordea Investment Management AB grew its position in shares of Tesla by 14.4% in the first quarter. Nordea Investment Management AB now owns 888,890 shares of the electric vehicle producer’s stock valued at $157,209,000 after purchasing an additional 112,125 shares during the last quarter. Haverford Trust Co increased its stake in shares of Tesla by 100.4% in the first quarter. Haverford Trust Co now owns 2,150 shares of the electric vehicle producer’s stock worth $378,000 after purchasing an additional 1,077 shares during the period. Finally, Centerpoint Advisors LLC lifted its position in shares of Tesla by 4.6% during the 1st quarter. Centerpoint Advisors LLC now owns 1,370 shares of the electric vehicle producer’s stock worth $241,000 after purchasing an additional 60 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction on Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the transaction, the senior vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the firm’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 transaction, the senior vice president now directly owns 67,491 shares of the company’s stock, valued at $14,967,479.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the sale, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $26,258,000. 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 12,297 shares of company stock valued at $3,065,866. 20.70% of the stock is currently owned by company insiders.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded down $0.87 on Friday, hitting $248.98. The company had a trading volume of 57,544,757 shares, compared to its average volume of 82,442,504. The stock has a market cap of $799.24 billion, a price-to-earnings ratio of 68.21, a P/E/G ratio of 8.24 and a beta of 2.29. The stock has a 50 day moving average price of $234.14 and a 200 day moving average price of $210.76. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $273.54. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TSLA. Piper Sandler boosted their target price 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. Robert W. Baird reaffirmed an “outperform” rating and set a $280.00 price objective on shares of Tesla in a research report on Tuesday, August 20th. Guggenheim lifted their target price on Tesla from $153.00 to $156.00 and gave the stock a “sell” rating in a research report on Thursday, October 24th. Roth Mkm reaffirmed a “neutral” rating and issued a $85.00 price target on shares of Tesla in a report on Friday, October 11th. Finally, Canaccord Genuity Group lifted their price objective on Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Eight analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $219.45.

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.