FSM Wealth Advisors LLC Has $1.34 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

FSM Wealth Advisors LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 28.2% in the third quarter, HoldingsChannel reports. The firm owned 5,125 shares of the electric vehicle producer’s stock after purchasing an additional 1,127 shares during the period. FSM Wealth Advisors LLC’s holdings in Tesla were worth $1,341,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Solitude Financial Services bought a new position in shares of Tesla in the third quarter valued at approximately $235,000. Rational Advisors LLC raised its position in Tesla by 128.6% in the 3rd quarter. Rational Advisors LLC now owns 3,063 shares of the electric vehicle producer’s stock valued at $801,000 after purchasing an additional 1,723 shares during the last quarter. Quintet Private Bank Europe S.A. boosted its stake in Tesla by 19.7% in the third quarter. Quintet Private Bank Europe S.A. now owns 53,879 shares of the electric vehicle producer’s stock worth $14,096,000 after purchasing an additional 8,867 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services bought a new stake in shares of Tesla during the third quarter worth $229,000. Finally, PDS Planning Inc increased its stake in shares of Tesla by 9.4% in the third quarter. PDS Planning Inc now owns 12,924 shares of the electric vehicle producer’s stock valued at $3,381,000 after buying an additional 1,111 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Truist Financial increased their price objective on Tesla from $236.00 to $238.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. William Blair initiated coverage on shares of Tesla in a research note on Thursday, August 29th. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $295.00 target price on shares of Tesla in a research report on Tuesday, September 10th. Morgan Stanley restated an “overweight” rating and issued a $310.00 price target on shares of Tesla in a research report on Thursday, October 3rd. Finally, Barclays upped their price objective on Tesla from $220.00 to $235.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $219.45.

Tesla Stock Down 2.5 %

Shares of TSLA stock opened at $242.84 on Tuesday. The firm’s fifty day moving average price is $234.73 and its two-hundred day moving average price is $211.81. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $273.54. The firm has a market capitalization of $779.53 billion, a P/E ratio of 66.53, a PEG ratio of 8.21 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. During the same period last year, the company earned $0.53 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. On average, equities analysts predict that Tesla, Inc. will post 1.96 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction dated 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 owns 67,491 shares in the company, valued at approximately $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction 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 sale, the senior vice president now owns 67,491 shares of the company’s stock, valued at $14,967,479.07. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 8,000 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were 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 in the company, valued at approximately $26,258,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,297 shares of company stock valued at $4,072,906. 20.70% of the stock is currently 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.