Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Holistic Financial Partners

Holistic Financial Partners boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,055 shares of the electric vehicle producer’s stock after purchasing an additional 40 shares during the quarter. Tesla accounts for 0.5% of Holistic Financial Partners’ investment portfolio, making the stock its 29th largest position. Holistic Financial Partners’ holdings in Tesla were worth $1,061,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new position in shares of Tesla in the 3rd quarter valued at $29,000. Bank & Trust Co acquired a new stake in Tesla in the 2nd quarter valued at about $25,000. Clean Yield Group raised 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 purchasing an additional 48 shares in the last quarter. Abich Financial Wealth Management LLC raised 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 acquiring an additional 81 shares in the last quarter. Finally, Valley Wealth Managers Inc. acquired a new stake in shares of Tesla during the 2nd quarter worth about $26,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling

In related news, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following 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 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $350.00, for a total value of $1,400,000.00. Following the sale, the chief financial officer now owns 105,032 shares in the company, valued at $36,761,200. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 188,797 shares of company stock worth $57,616,781. 20.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TSLA shares. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research report on Thursday, October 24th. Robert W. Baird restated an “outperform” rating and set a $280.00 price target on shares of Tesla in a research note on Tuesday, August 20th. HSBC restated a “reduce” rating and set a $124.00 price target on shares of Tesla in a research note on Friday, October 11th. Wells Fargo & Company raised their price target on Tesla from $120.00 to $125.00 and gave the stock an “underweight” rating in a research note on Thursday, October 24th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $245.00 price target on shares of Tesla in a research note on Wednesday, October 23rd. Nine investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $230.18.

Tesla Price Performance

TSLA stock opened at $320.72 on Monday. The stock has a 50-day moving average price of $252.30 and a two-hundred day moving average price of $221.01. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $358.64. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.03 trillion, a PE ratio of 87.87, a price-to-earnings-growth ratio of 10.42 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. The company’s revenue was up 7.8% compared to the same quarter last year. As a group, research analysts predict that Tesla, Inc. will post 1.99 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.