Tesla, Inc. $TSLA Shares Acquired by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLAFree Report) by 90.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,180 shares of the electric vehicle producer’s stock after buying an additional 1,511 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Tesla were worth $1,414,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Westend Capital Management LLC acquired a new position in shares of Tesla in the 3rd quarter worth $32,000. Chapman Financial Group LLC acquired a new position in shares of Tesla in the 2nd quarter valued at $26,000. LGT Financial Advisors LLC acquired a new position in shares of Tesla in the 2nd quarter valued at $29,000. CoreFirst Bank & Trust purchased a new position in Tesla in the 2nd quarter worth about $30,000. Finally, ESL Trust Services LLC raised its holdings in Tesla by 1,900.0% during the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after buying an additional 95 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Trading Up 2.1%

Tesla stock opened at $445.01 on Monday. The company’s fifty day simple moving average is $444.28 and its 200-day simple moving average is $395.60. The company has a quick ratio of 1.67, a current ratio of 2.07 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. The stock has a market cap of $1.48 trillion, a P/E ratio of 296.67, a P/E/G ratio of 7.40 and a beta of 1.83.

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

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,637 shares of the 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 owned 13,757 shares in the company, valued at approximately $6,107,145.01. This represents a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James R. Murdoch sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the transaction, the director directly owned 577,031 shares in the company, valued at approximately $257,009,607.40. The trade was a 9.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 119,457 shares of company stock valued at $53,501,145 in the last three months. Corporate insiders own 19.90% of the company’s stock.

Key Tesla News

Here are the key news stories impacting Tesla this week:

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Truist Financial decreased their target price on shares of Tesla from $444.00 to $439.00 and set a “hold” rating for the company in a report on Friday, January 2nd. Melius started coverage on shares of Tesla in a research note on Monday, October 13th. They issued a “buy” rating and a $520.00 price objective for the company. CICC Research lifted their price objective on shares of Tesla from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Benchmark reissued a “buy” rating on shares of Tesla in a research note on Thursday, October 23rd. Finally, Canaccord Genuity Group raised their target price on Tesla from $482.00 to $551.00 and gave the stock a “buy” rating in a research report on Tuesday, December 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have issued a Hold rating and nine have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $408.54.

View Our Latest Stock Report on TSLA

Tesla 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.

Further Reading

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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