Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Prosperitas Financial LLC

Prosperitas Financial LLC lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 12.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,782 shares of the electric vehicle producer’s stock after purchasing an additional 318 shares during the quarter. Prosperitas Financial LLC’s holdings in Tesla were worth $728,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GFS Advisors LLC increased its position in Tesla by 74,398.6% during the third quarter. GFS Advisors LLC now owns 52,894 shares of the electric vehicle producer’s stock worth $13,839,000 after purchasing an additional 52,823 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Tesla during the 3rd quarter valued at $403,000. Janney Montgomery Scott LLC increased its holdings in shares of Tesla by 4.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 321,671 shares of the electric vehicle producer’s stock worth $84,159,000 after buying an additional 13,151 shares during the last quarter. Prossimo Advisors LLC raised its position in shares of Tesla by 29.0% in the 3rd quarter. Prossimo Advisors LLC now owns 3,898 shares of the electric vehicle producer’s stock worth $1,020,000 after buying an additional 876 shares during the period. Finally, Pure Financial Advisors LLC boosted its holdings in Tesla by 0.5% in the third quarter. Pure Financial Advisors LLC now owns 23,955 shares of the electric vehicle producer’s stock valued at $6,267,000 after acquiring an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

TSLA has been the subject of several research analyst reports. Roth Mkm restated a “neutral” rating and set a $85.00 price target on shares of Tesla in a research note on Friday, October 11th. William Blair began coverage on shares of Tesla in a research report on Thursday, August 29th. They set an “outperform” rating for the company. Wells Fargo & Company lifted their price target on shares of Tesla from $120.00 to $125.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. Robert W. Baird reissued an “outperform” rating and issued a $280.00 price objective on shares of Tesla in a research report on Tuesday, August 20th. Finally, Glj Research restated a “sell” rating and set a $24.86 target price on shares of Tesla in a report on Thursday, October 17th. Eight investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Tesla presently has an average rating of “Hold” and a consensus price target of $219.45.

Insider Activity at Tesla

In other news, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the transaction, the senior vice president now owns 67,491 shares in the company, valued at approximately $14,967,479.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Xiaotong Zhu sold 297 shares of the business’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 completion of the transaction, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at $26,258,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,297 shares of company stock worth $3,065,866 in the last 90 days. 20.70% of the stock is currently owned by company insiders.

Tesla Trading Down 0.3 %

Tesla stock opened at $248.98 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $273.54. The firm’s 50-day moving average is $234.14 and its 200-day moving average is $210.76. The company has a market cap of $799.24 billion, a P/E ratio of 68.21, a PEG ratio of 8.24 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last issued its earnings results 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 company had revenue of $25.18 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $0.53 earnings per share. On average, equities analysts expect that Tesla, Inc. will post 1.96 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.