Tyler Stone Wealth Management Has $2.47 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Tyler Stone Wealth Management increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 109.6% in the 3rd quarter, Holdings Channel reports. The firm owned 9,425 shares of the electric vehicle producer’s stock after purchasing an additional 4,929 shares during the period. Tyler Stone Wealth Management’s holdings in Tesla were worth $2,466,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC acquired a new position in Tesla in the 3rd quarter valued at $29,000. Bank & Trust Co acquired a new stake in shares of Tesla in the second quarter valued at about $25,000. Clean Yield Group increased its stake 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 worth $33,000 after purchasing an additional 48 shares during the period. Abich Financial Wealth Management LLC lifted its position in shares of Tesla by 168.8% during 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 last quarter. Finally, Valley Wealth Managers Inc. bought a new stake in Tesla during the 2nd quarter valued at approximately $26,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on TSLA. KGI Securities raised Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 price target on the stock in a research report on Thursday, October 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $245.00 target price on shares of Tesla in a research report on Wednesday, October 23rd. Roth Mkm reissued a “neutral” rating and issued a $85.00 price target on shares of Tesla in a report on Friday, October 11th. Sanford C. Bernstein restated an “underperform” rating and set a $120.00 price objective on shares of Tesla in a report on Thursday, October 3rd. Finally, New Street Research cut shares of Tesla from a “buy” rating to a “neutral” rating and set a $225.00 target price for the company. in a research note on Wednesday, July 24th. Eight research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $222.03.

Insider Transactions at Tesla

In other Tesla news, Director Kimbal Musk sold 60,500 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $250.23, for a total value of $15,138,915.00. Following the transaction, the director now directly owns 1,563,220 shares of the company’s stock, valued at approximately $391,164,540.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $14,967,479.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction on Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the transaction, the director now directly owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 76,797 shares of company stock worth $19,211,821 in the last quarter. 20.70% of the stock is owned by company insiders.

Tesla Trading Up 8.2 %

TSLA traded up $24.31 during mid-day trading on Friday, reaching $321.22. The stock had a trading volume of 204,782,763 shares, compared to its average volume of 88,324,920. The firm’s fifty day simple moving average is $241.18 and its two-hundred day simple moving average is $214.90. The stock has a market capitalization of $1.03 trillion, a P/E ratio of 88.01, a P/E/G ratio of 10.59 and a beta of 2.29. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $328.71. 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 announced its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. The firm had revenue of $25.18 billion during 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 company’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. On average, equities analysts predict that Tesla, Inc. will post 1.96 EPS for the current year.

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.