Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Wealth Dimensions Group Ltd.

Wealth Dimensions Group Ltd. raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 10.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 4,292 shares of the electric vehicle producer’s stock after buying an additional 395 shares during the period. Wealth Dimensions Group Ltd.’s holdings in Tesla were worth $1,123,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank & Trust Co purchased a new stake in Tesla during the 2nd quarter worth about $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of Tesla during the second quarter worth about $26,000. Abich Financial Wealth Management LLC raised its position in shares of Tesla by 168.8% in the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock valued at $26,000 after buying an additional 81 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in Tesla during the third quarter worth approximately $29,000. Finally, Clean Yield Group grew its stake in Tesla by 60.0% in the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after acquiring an additional 48 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Tesla stock opened at $352.56 on Friday. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $361.53. 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 stock has a market cap of $1.13 trillion, a P/E ratio of 96.59, a price-to-earnings-growth ratio of 11.03 and a beta of 2.29. The stock has a 50 day moving average of $264.07 and a 200-day moving average of $226.43.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. The firm had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 EPS. On average, analysts expect that Tesla, Inc. will post 1.99 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the transaction, the director now directly owns 85,000 shares in the company, valued at $26,727,400. This trade represents a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction on Monday, November 11th. The stock was sold at an average price of $350.00, for a total transaction of $1,400,000.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $36,761,200. This represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 301,187 shares of company stock worth $92,956,692. Corporate insiders own 20.70% of the company’s stock.

Analyst Ratings Changes

TSLA has been the topic of several analyst reports. Oppenheimer restated a “market perform” rating on shares of Tesla in a report on Tuesday, October 8th. HSBC restated a “reduce” rating and issued a $124.00 price target on shares of Tesla in a report on Friday, October 11th. Piper Sandler increased their price objective on shares of Tesla from $310.00 to $315.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Wolfe Research assumed coverage on shares of Tesla in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, Glj Research reaffirmed a “sell” rating and set a $24.86 price target on shares of Tesla in a research note on Thursday, October 17th. Nine investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $230.18.

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.