1,023 Shares in Tesla, Inc. (NASDAQ:TSLA) Purchased by W Advisors LLC

W Advisors LLC bought a new stake in Tesla, Inc. (NASDAQ:TSLA) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 1,023 shares of the electric vehicle producer’s stock, valued at approximately $268,000.

A number of other institutional investors have also recently made changes to their positions in the business. Legacy Wealth Asset Management LLC boosted its stake in Tesla by 24.6% in the first quarter. Legacy Wealth Asset Management LLC now owns 1,185 shares of the electric vehicle producer’s stock valued at $208,000 after acquiring an additional 234 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its stake in Tesla by 5.4% in the first quarter. Ashton Thomas Private Wealth LLC now owns 11,093 shares of the electric vehicle producer’s stock valued at $1,950,000 after purchasing an additional 567 shares during the period. China Universal Asset Management Co. Ltd. raised its holdings in shares of Tesla by 0.9% in the first 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 buying an additional 331 shares during the last quarter. Prosperity Consulting Group LLC grew its holdings in shares of Tesla by 46.0% during the first quarter. Prosperity Consulting Group LLC now owns 5,176 shares of the electric vehicle producer’s stock worth $910,000 after buying an additional 1,630 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. increased its position in Tesla by 30.1% in the 1st quarter. BOK Financial Private Wealth Inc. now owns 1,557 shares of the electric vehicle producer’s stock valued at $274,000 after acquiring an additional 360 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Up 1.2 %

NASDAQ:TSLA traded up $3.06 during mid-day trading on Friday, hitting $252.91. The company had a trading volume of 22,169,900 shares, compared to its average volume of 94,001,563. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $273.54. The business has a fifty day simple moving average of $233.56 and a 200-day simple moving average of $209.78. 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 firm has a market capitalization of $811.86 billion, a price-to-earnings ratio of 69.00, a PEG ratio of 8.49 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share 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 analysts’ expectations of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. Tesla’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. Equities analysts forecast that Tesla, Inc. will post 1.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TSLA has been the topic of several analyst reports. Piper Sandler lifted their target price on Tesla from $310.00 to $315.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $295.00 price objective on shares of Tesla in a research note on Tuesday, September 10th. New Street Research downgraded shares of Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price objective for the company. in a research report on Wednesday, July 24th. Guggenheim boosted their price target on shares of Tesla from $153.00 to $156.00 and gave the stock a “sell” rating in a research note on Thursday, October 24th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Tesla in a report on Thursday, October 24th. Eight investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $219.45.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 8,000 shares of Tesla stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the sale, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $26,258,000. The trade was 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 this hyperlink. In other Tesla news, CFO Vaibhav Taneja sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $250.00, for a total value of $2,000,000.00. Following the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at $26,258,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the sale, the senior vice president now directly owns 67,491 shares of the company’s stock, valued at $14,967,479.07. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,297 shares of company stock worth $3,065,866 in the last quarter. 20.70% of the stock is owned by corporate insiders.

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.