Lowe Wealth Advisors LLC increased its stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 52.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 315 shares of the electric vehicle producer’s stock after purchasing an additional 109 shares during the quarter. Lowe Wealth Advisors LLC’s holdings in Tesla were worth $127,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Connable Office Inc. grew its stake in Tesla by 0.3% during the third quarter. Connable Office Inc. now owns 12,872 shares of the electric vehicle producer’s stock valued at $3,368,000 after acquiring an additional 38 shares in the last quarter. Community Bank N.A. raised its stake in shares of Tesla by 4.4% during the third quarter. Community Bank N.A. now owns 908 shares of the electric vehicle producer’s stock worth $238,000 after acquiring an additional 38 shares in the last quarter. Holistic Financial Partners boosted its position in Tesla by 1.0% during the third quarter. Holistic Financial Partners now owns 4,055 shares of the electric vehicle producer’s stock valued at $1,061,000 after buying an additional 40 shares during the period. Sherrill & Hutchins Financial Advisory Inc grew its position in Tesla by 1.4% during the 3rd quarter. Sherrill & Hutchins Financial Advisory Inc now owns 3,058 shares of the electric vehicle producer’s stock worth $800,000 after acquiring an additional 43 shares during the last quarter. Finally, Altman Advisors Inc. increased its stake in shares of Tesla by 0.4% in the third quarter. Altman Advisors Inc. now owns 10,754 shares of the electric vehicle producer’s stock worth $2,814,000 after buying an additional 43 shares during the period. Institutional investors own 66.20% of the company’s stock.
Insider Buying and Selling
In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction on Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the sale, the director now owns 5,400 shares of the company’s stock, valued at approximately $1,868,508. This trade represents a 94.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the business’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 sale, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at $26,258,000. This represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 621,886 shares of company stock worth $213,451,751. 20.70% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Report on Tesla
Tesla Stock Down 0.1 %
NASDAQ TSLA traded down $0.20 on Friday, hitting $394.74. The stock had a trading volume of 61,427,888 shares, compared to its average volume of 82,911,898. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The business’s fifty day moving average price is $373.68 and its 200 day moving average price is $279.12. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The stock has a market cap of $1.27 trillion, a price-to-earnings ratio of 108.15, a price-to-earnings-growth ratio of 10.80 and a beta of 2.30.
Tesla (NASDAQ:TSLA – Get Free Report) last released its earnings results 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. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. During the same period last year, the business earned $0.53 EPS. Tesla’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts anticipate that Tesla, Inc. will post 1.99 earnings per share for the current year.
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.
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