Watershed Private Wealth LLC Buys 608 Shares of Tesla, Inc. (NASDAQ:TSLA)

Watershed Private Wealth LLC boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 8.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,566 shares of the electric vehicle producer’s stock after purchasing an additional 608 shares during the quarter. Tesla comprises about 0.8% of Watershed Private Wealth LLC’s holdings, making the stock its 29th biggest holding. Watershed Private Wealth LLC’s holdings in Tesla were worth $1,980,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TSLA. Scarborough Advisors LLC raised its position in Tesla by 9.7% in the 4th quarter. Scarborough Advisors LLC now owns 1,604 shares of the electric vehicle producer’s stock worth $399,000 after buying an additional 142 shares during the last quarter. Fisher Asset Management LLC lifted its position in Tesla by 38.5% during the fourth quarter. Fisher Asset Management LLC now owns 21,119 shares of the electric vehicle producer’s stock valued at $5,248,000 after purchasing an additional 5,874 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in Tesla by 19.7% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 114,042 shares of the electric vehicle producer’s stock worth $28,337,000 after purchasing an additional 18,739 shares during the last quarter. BlueChip Wealth Advisors LLC bought a new stake in Tesla in the 4th quarter worth approximately $289,000. Finally, M3 Advisory Group LLC purchased a new stake in Tesla during the 4th quarter valued at $549,000. 66.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total value of $14,597,425.44. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at approximately $18,696,600. 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 is accessible through the SEC website. In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the transaction, the director now directly owns 85,000 shares in the company, valued at $18,696,600. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $2,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at $26,258,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 74,661 shares of company stock worth $16,663,291 in the last three months. Corporate insiders own 25.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. KGI Securities restated a “neutral” rating and set a $236.00 target price on shares of Tesla in a research report on Thursday, July 25th. Cantor Fitzgerald reissued a “neutral” rating and set a $245.00 price objective on shares of Tesla in a research report on Monday, October 7th. TD Cowen raised their target price on Tesla from $160.00 to $180.00 and gave the stock a “hold” rating in a report on Wednesday, July 3rd. Mizuho boosted their price target on Tesla from $180.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Finally, HSBC reaffirmed a “reduce” rating and issued a $124.00 price objective on shares of Tesla in a research note on Friday. Nine analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Tesla currently has an average rating of “Hold” and an average target price of $210.72.

Tesla Trading Up 0.1 %

NASDAQ TSLA traded up $0.24 during trading on Tuesday, hitting $219.40. The stock had a trading volume of 55,668,676 shares, compared to its average volume of 94,998,531. Tesla, Inc. has a one year low of $138.80 and a one year high of $271.00. The stock has a 50 day simple moving average of $225.84 and a 200 day simple moving average of $204.27. The stock has a market capitalization of $699.71 billion, a price-to-earnings ratio of 56.14, a P/E/G ratio of 6.48 and a beta of 2.29. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.10). The business had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.78 EPS. Sell-side analysts predict that Tesla, Inc. will post 1.75 earnings per share for the current year.

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.