Maia Wealth LLC Purchases 67 Shares of Tesla, Inc. (NASDAQ:TSLA)

Maia Wealth LLC boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 2.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,791 shares of the electric vehicle producer’s stock after purchasing an additional 67 shares during the quarter. Maia Wealth LLC’s holdings in Tesla were worth $727,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TSLA. China Universal Asset Management Co. Ltd. raised 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 worth $6,399,000 after purchasing an additional 331 shares in the last quarter. Blue Square Asset Management LLC increased its holdings in shares of Tesla by 33.7% during the first quarter. Blue Square Asset Management LLC now owns 24,125 shares of the electric vehicle producer’s stock valued at $4,241,000 after acquiring an additional 6,083 shares in the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of Tesla by 0.3% during the first quarter. Texas Permanent School Fund Corp now owns 572,742 shares of the electric vehicle producer’s stock valued at $100,682,000 after acquiring an additional 1,719 shares in the last quarter. Advisory Alpha LLC increased its holdings in shares of Tesla by 15.8% during the first quarter. Advisory Alpha LLC now owns 11,727 shares of the electric vehicle producer’s stock valued at $2,062,000 after acquiring an additional 1,602 shares in the last quarter. Finally, VitalStone Financial LLC increased its holdings in Tesla by 35.8% in the 1st quarter. VitalStone Financial LLC now owns 2,946 shares of the electric vehicle producer’s stock worth $518,000 after buying an additional 776 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Tesla Price Performance

TSLA stock traded up $24.92 during midday trading on Wednesday, reaching $276.36. The stock had a trading volume of 60,258,520 shares, compared to its average volume of 93,713,969. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $289.59. The company has a market cap of $887.13 billion, a price-to-earnings ratio of 78.52, a price-to-earnings-growth ratio of 8.01 and a beta of 2.29. The company’s fifty day simple moving average is $235.57 and its 200 day simple moving average is $212.54. 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 issued its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. The business had revenue of $25.18 billion during 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% on a year-over-year basis. During the same period last year, the company earned $0.53 EPS. As a group, sell-side analysts predict that Tesla, Inc. will post 1.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TSLA shares. Argus reiterated a “buy” rating and issued a $286.00 price target on shares of Tesla in a report on Friday, July 26th. Canaccord Genuity Group increased their price target on shares of Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. HSBC reiterated a “reduce” rating and issued a $124.00 price target on shares of Tesla in a report on Friday, October 11th. Bank of America increased their price target on shares of Tesla from $255.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, New Street Research lowered Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price objective on the stock. in a research report on Wednesday, July 24th. Eight research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Tesla currently has a consensus rating of “Hold” and an average price target of $219.45.

Insider Buying and Selling

In related news, SVP Xiaotong Zhu sold 297 shares of the firm’s 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 completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,258,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Xiaotong Zhu sold 297 shares of Tesla 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 completion of 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 76,797 shares of company stock valued at $19,211,821. 20.70% of the stock is currently owned by insiders.

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.