Tesla, Inc. $TSLA Shares Purchased by John W. Brooker & Co. CPAs

John W. Brooker & Co. CPAs raised its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 89.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,855 shares of the electric vehicle producer’s stock after acquiring an additional 1,822 shares during the period. Tesla makes up 3.5% of John W. Brooker & Co. CPAs’ investment portfolio, making the stock its 11th biggest holding. John W. Brooker & Co. CPAs’ holdings in Tesla were worth $1,714,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of TSLA. Norges Bank acquired a new stake in shares of Tesla during the second quarter worth $11,839,824,000. Kingstone Capital Partners Texas LLC raised its position in Tesla by 581,880.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer’s stock worth $2,044,683,000 after buying an additional 6,435,598 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Tesla by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock worth $79,856,764,000 after acquiring an additional 4,502,976 shares during the period. Amundi boosted its holdings in shares of Tesla by 29.4% in the first quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer’s stock valued at $4,482,789,000 after acquiring an additional 3,814,610 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in shares of Tesla during the first quarter worth about $469,339,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TSLA has been the subject of a number of recent analyst reports. William Blair restated a “market perform” rating on shares of Tesla in a research report on Friday, September 5th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Thursday, October 23rd. China Renaissance raised their price target on Tesla from $349.00 to $380.00 and gave the company a “hold” rating in a report on Friday, October 24th. Piper Sandler reaffirmed an “overweight” rating and set a $500.00 price objective on shares of Tesla in a report on Tuesday, December 9th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Tesla in a research report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have assigned a Hold rating and nine have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $414.50.

Get Our Latest Research Report on TSLA

Tesla Trading Down 2.1%

NASDAQ:TSLA opened at $475.19 on Friday. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $498.83. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. The stock has a fifty day simple moving average of $444.97 and a 200-day simple moving average of $386.90. The company has a market capitalization of $1.58 trillion, a PE ratio of 316.79, a price-to-earnings-growth ratio of 12.01 and a beta of 1.87.

Tesla (NASDAQ:TSLAGet Free Report) last posted its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period last year, the firm posted $0.72 EPS. On average, equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,637 shares of Tesla stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the transaction, the chief financial officer directly owned 13,757 shares in the company, valued at $6,107,145.01. The trade was a 16.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kimbal Musk sold 56,820 shares of the stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total value of $25,606,501.20. Following the sale, the director owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. This trade represents a 3.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 19.90% of the company’s stock.

About Tesla

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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