Capital Performance Advisors LLP Invests $315,000 in Tesla, Inc. (NASDAQ:TSLA)

Capital Performance Advisors LLP bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,205 shares of the electric vehicle producer’s stock, valued at approximately $315,000.

A number of other hedge funds have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. increased its stake in Tesla by 0.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer’s stock valued at $6,399,000 after purchasing an additional 331 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Tesla by 23.0% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 75,851 shares of the electric vehicle producer’s stock valued at $13,334,000 after purchasing an additional 14,191 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp increased its holdings in shares of Tesla by 9.6% in the 1st quarter. Obermeyer Wood Investment Counsel Lllp now owns 1,187 shares of the electric vehicle producer’s stock worth $209,000 after purchasing an additional 104 shares in the last quarter. Zevenbergen Capital Investments LLC lifted its holdings in shares of Tesla by 6.0% during the first quarter. Zevenbergen Capital Investments LLC now owns 1,213,406 shares of the electric vehicle producer’s stock valued at $213,305,000 after purchasing an additional 68,628 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. boosted its position in shares of Tesla by 105.3% during the first quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 7,800 shares of the electric vehicle producer’s stock valued at $1,371,000 after buying an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 6.7 %

Tesla stock traded up $19.76 during mid-day trading on Friday, reaching $316.67. 62,996,226 shares of the company were exchanged, compared to its average volume of 94,147,563. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $319.44. The business has a fifty day moving average of $237.23 and a 200 day moving average of $213.07. The firm has a market cap of $1.02 trillion, a P/E ratio of 81.35, a PEG ratio of 9.51 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 earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the firm earned $0.53 earnings per share. Research analysts anticipate that Tesla, Inc. will post 1.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Xiaotong Zhu sold 297 shares of Tesla 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 sale, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the sale, the chief financial officer now owns 105,032 shares of the company’s stock, valued at $26,258,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 297 shares of the 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 completion of the sale, the senior vice president now owns 67,491 shares of the company’s stock, valued at $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,797 shares of company stock worth $19,211,821 in the last ninety days. 20.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. KGI Securities raised shares of Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 price target on the stock in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $295.00 target price on shares of Tesla in a research note on Tuesday, September 10th. Piper Sandler raised their price target on Tesla from $310.00 to $315.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Royal Bank of Canada increased their target price on Tesla from $236.00 to $249.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Truist Financial boosted their price target on Tesla from $236.00 to $238.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Eight investment 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $222.03.

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.