Tesla, Inc. $TSLA Shares Purchased by HB Wealth Management LLC

HB Wealth Management LLC raised its holdings in Tesla, Inc. (NASDAQ:TSLAFree Report) by 17.2% during the third quarter, HoldingsChannel.com reports. The firm owned 99,365 shares of the electric vehicle producer’s stock after buying an additional 14,597 shares during the period. HB Wealth Management LLC’s holdings in Tesla were worth $44,190,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Chapman Financial Group LLC bought a new position in Tesla during the 2nd quarter valued at $26,000. LGT Financial Advisors LLC acquired a new stake in shares of Tesla in the 2nd quarter valued at about $29,000. CoreFirst Bank & Trust bought a new position in shares of Tesla during the second quarter worth about $30,000. ESL Trust Services LLC grew its stake in Tesla by 1,900.0% in the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after purchasing an additional 95 shares in the last quarter. Finally, Delos Wealth Advisors LLC bought a new stake in Tesla in the second quarter valued at about $32,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insiders Place Their Bets

In related news, Director James R. Murdoch sold 60,000 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $445.40, for a total value of $26,724,000.00. Following the completion of the sale, the director owned 577,031 shares of the company’s stock, valued at $257,009,607.40. This represents a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kimbal Musk sold 56,820 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the completion of the transaction, the director owned 1,391,615 shares of the company’s stock, valued at $627,145,215.90. This represents a 3.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 119,457 shares of company stock worth $53,501,145. 19.90% of the stock is owned by company insiders.

Tesla Trading Up 2.1%

Shares of NASDAQ:TSLA opened at $445.01 on Friday. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two 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 company has a market cap of $1.48 trillion, a PE ratio of 296.67, a P/E/G ratio of 7.01 and a beta of 1.83. The company’s 50-day moving average price is $444.28 and its 200 day moving average price is $394.74.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on TSLA shares. Wedbush reaffirmed an “outperform” rating and set a $600.00 target price on shares of Tesla in a report on Monday, December 15th. JPMorgan Chase & Co. restated a “sell” rating on shares of Tesla in a research note on Monday, January 5th. DZ Bank reiterated a “sell” rating on shares of Tesla in a research note on Tuesday. Mizuho increased their target price on shares of Tesla from $475.00 to $530.00 and gave the stock an “outperform” rating in a report on Tuesday, December 16th. Finally, Truist Financial lowered their price objective on shares of Tesla from $444.00 to $439.00 and set a “hold” rating for the company in a research report on Friday, January 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have assigned a Hold rating and nine have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $408.54.

Read Our Latest Stock Analysis on Tesla

Key Tesla News

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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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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