Tesla, Inc. $TSLA Stake Lowered by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lowered its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 6.0% in the third quarter, Holdings Channel reports. The firm owned 31,577 shares of the electric vehicle producer’s stock after selling 2,018 shares during the quarter. Tesla accounts for 1.7% of 180 Wealth Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. 180 Wealth Advisors LLC’s holdings in Tesla were worth $14,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after buying an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after purchasing an additional 931 shares during the period. Bison Wealth LLC boosted its position in Tesla by 52.2% during the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock valued at $4,187,000 after purchasing an additional 3,558 shares during the period. AlphaQuest LLC grew its stake in Tesla by 34.2% during the 1st quarter. AlphaQuest LLC now owns 259 shares of the electric vehicle producer’s stock worth $67,000 after buying an additional 66 shares during the last quarter. Finally, Saudi Central Bank bought a new stake in Tesla in the first quarter valued at $295,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

Tesla Price Performance

TSLA stock opened at $475.19 on Monday. The firm has a 50 day moving average of $444.97 and a 200-day moving average of $387.32. The firm has a market capitalization of $1.58 trillion, a P/E ratio of 316.79, a price-to-earnings-growth ratio of 12.01 and a beta of 1.87. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last released its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.During the same quarter in the previous year, the company posted $0.72 EPS. Tesla’s quarterly revenue was up 11.6% compared to the same quarter last year. As a group, sell-side analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,637 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the transaction, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at approximately $6,107,145.01. The trade was a 16.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kimbal Musk sold 56,820 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. The trade was a 3.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 19.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. New Street Research increased their target price on Tesla from $465.00 to $520.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. BNP Paribas lifted their price objective on shares of Tesla from $307.00 to $313.00 in a research note on Monday, December 1st. Industrial Alliance Securities set a $300.00 price target on Tesla in a report on Monday, October 13th. Glj Research reiterated a “sell” rating on shares of Tesla in a report on Wednesday, October 22nd. Finally, Morgan Stanley set a $425.00 target price on Tesla and gave the stock an “equal weight” rating in a research report on Sunday, December 7th. One equities 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 assigned a Sell rating to the company. According to data from MarketBeat, Tesla presently has a consensus rating of “Hold” and an average target price of $414.50.

Check Out Our Latest Analysis on TSLA

Tesla Company Profile

(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.

Featured Stories

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLAFree Report).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.