948 Shares in Tesla, Inc. (NASDAQ:TSLA) Acquired by Yoder Wealth Management Inc.

Yoder Wealth Management Inc. purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 948 shares of the electric vehicle producer’s stock, valued at approximately $248,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Fiduciary Planning LLC bought a new stake in Tesla during the 3rd quarter valued at $210,000. Impact Partnership Wealth LLC increased its holdings in shares of Tesla by 212.7% in the 3rd quarter. Impact Partnership Wealth LLC now owns 4,062 shares of the electric vehicle producer’s stock valued at $1,063,000 after acquiring an additional 2,763 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Tesla by 34.1% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,166 shares of the electric vehicle producer’s stock valued at $1,087,000 after acquiring an additional 1,059 shares during the period. Global Assets Advisory LLC purchased a new position in shares of Tesla in the 3rd quarter valued at $1,979,000. Finally, Cherry Creek Investment Advisors Inc. purchased a new position in shares of Tesla in the 3rd quarter valued at $258,000. 66.20% of the stock is owned by institutional investors.

Tesla Price Performance

TSLA stock traded up $36.61 during trading on Thursday, hitting $250.26. The stock had a trading volume of 83,761,766 shares, compared to its average volume of 93,773,313. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $271.00. The stock has a market capitalization of $799.49 billion, a P/E ratio of 70.27, a PEG ratio of 6.24 and a beta of 2.29. The company’s 50-day moving average price is $228.54 and its two-hundred day moving average price is $206.41.

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

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 8,000 shares of the business’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 transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,258,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the transaction, the senior vice president now owns 67,491 shares in the company, valued at $14,967,479.07. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 8,000 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now owns 105,032 shares of the company’s stock, valued at approximately $26,258,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 20.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $295.00 target price on shares of Tesla in a research note on Tuesday, September 10th. Argus restated a “buy” rating and set a $286.00 target price on shares of Tesla in a research note on Friday, July 26th. The Goldman Sachs Group boosted their target price on Tesla from $230.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday. Truist Financial boosted their target price on Tesla from $236.00 to $238.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Citigroup lowered their price target on Tesla from $274.00 to $258.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $216.87.

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.