Centaurus Financial Inc. Purchases 3,180 Shares of Tesla, Inc. (NASDAQ:TSLA)

Centaurus Financial Inc. raised its position in Tesla, Inc. (NASDAQ:TSLA) by 13.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 26,650 shares of the electric vehicle producer’s stock after acquiring an additional 3,180 shares during the period. Centaurus Financial Inc.’s holdings in Tesla were worth $6,973,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. grew its holdings in shares of Tesla by 0.9% in the 1st 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 acquiring an additional 331 shares in the last quarter. 1832 Asset Management L.P. grew its stake in shares of Tesla by 23.5% in the first quarter. 1832 Asset Management L.P. now owns 8,760 shares of the electric vehicle producer’s stock valued at $1,540,000 after buying an additional 1,669 shares in the last quarter. Earnest Partners LLC raised its position in Tesla by 26.0% during the first quarter. Earnest Partners LLC now owns 1,395 shares of the electric vehicle producer’s stock worth $245,000 after acquiring an additional 288 shares in the last quarter. Ascent Group LLC lifted its stake in Tesla by 12.0% in the first quarter. Ascent Group LLC now owns 9,901 shares of the electric vehicle producer’s stock valued at $1,740,000 after acquiring an additional 1,058 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC increased its stake in shares of Tesla by 69.4% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 55,245 shares of the electric vehicle producer’s stock worth $9,712,000 after purchasing an additional 22,624 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TSLA. Sanford C. Bernstein reiterated an “underperform” rating and issued a $120.00 target price on shares of Tesla in a research note on Thursday, October 3rd. KGI Securities upgraded Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 target price for the company in a research note on Thursday, October 24th. Roth Mkm restated a “neutral” rating and issued a $85.00 price target on shares of Tesla in a research note on Friday, October 11th. Piper Sandler lifted their price objective on shares of Tesla from $310.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group increased their price objective on shares of Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a research report on Thursday, November 14th. Nine investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $230.18.

Tesla Stock Performance

Shares of Tesla stock opened at $352.56 on Friday. The company’s fifty day moving average is $264.07 and its 200 day moving average is $226.43. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1.13 trillion, a price-to-earnings ratio of 96.59, a P/E/G ratio of 11.03 and a beta of 2.29. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $361.53.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating 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 net margin of 13.07% and a return on equity of 10.24%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. Sell-side analysts forecast that Tesla, Inc. will post 1.99 EPS for the current year.

Insider Activity at Tesla

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the sale, the director now owns 5,400 shares of the company’s stock, valued at approximately $1,868,508. This represents a 94.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $314.44, for a total transaction of $35,339,911.60. Following the transaction, the director now owns 85,000 shares of the company’s stock, valued at $26,727,400. This trade represents a 56.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 301,187 shares of company stock valued at $92,956,692. 20.70% of the stock is owned by insiders.

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.