Tesla, Inc. (NASDAQ:TSLA) Shares Sold by BCS Wealth Management

BCS Wealth Management trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 68.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,540 shares of the electric vehicle producer’s stock after selling 3,364 shares during the period. BCS Wealth Management’s holdings in Tesla were worth $403,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSLA. Fisher Asset Management LLC grew its stake in shares of Tesla by 38.5% in the fourth quarter. Fisher Asset Management LLC now owns 21,119 shares of the electric vehicle producer’s stock worth $5,248,000 after purchasing an additional 5,874 shares in the last quarter. Capital CS Group LLC increased its stake in Tesla by 102.9% during the 1st quarter. Capital CS Group LLC now owns 1,203 shares of the electric vehicle producer’s stock valued at $211,000 after buying an additional 42,954 shares during the period. RFG Advisory LLC raised its position in shares of Tesla by 3.2% during the 1st quarter. RFG Advisory LLC now owns 10,122 shares of the electric vehicle producer’s stock worth $1,779,000 after buying an additional 311 shares in the last quarter. Cardano Risk Management B.V. lifted its stake in shares of Tesla by 4.9% in the 1st quarter. Cardano Risk Management B.V. now owns 558,675 shares of the electric vehicle producer’s stock worth $98,209,000 after acquiring an additional 26,323 shares during the period. Finally, First Affirmative Financial Network boosted its holdings in shares of Tesla by 4.5% in the first quarter. First Affirmative Financial Network now owns 4,396 shares of the electric vehicle producer’s stock valued at $773,000 after acquiring an additional 190 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the transaction, the senior vice president now owns 67,491 shares in the company, valued at $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Robyn M. Denholm sold 66,364 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at $18,696,600. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the transaction, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,661 shares of company stock worth $16,663,291. 20.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of research analyst reports. Mizuho upped their target price on Tesla from $180.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Morgan Stanley restated an “overweight” rating and issued a $310.00 price objective on shares of Tesla in a report on Thursday, October 3rd. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $230.00 target price on shares of Tesla in a research note on Friday, October 11th. Roth Mkm reiterated a “neutral” rating and issued a $85.00 price target on shares of Tesla in a research report on Friday, October 11th. Finally, Wells Fargo & Company restated an “underweight” rating and set a $120.00 price objective on shares of Tesla in a research report on Monday, July 1st. Nine research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $210.72.

Tesla Trading Down 0.2 %

NASDAQ:TSLA opened at $220.89 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91. The company has a market capitalization of $705.66 billion, a P/E ratio of 62.05, a P/E/G ratio of 5.94 and a beta of 2.29. The stock’s 50 day moving average price is $227.25 and its 200 day moving average price is $204.80. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $271.00.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.10). The business had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 EPS. On average, research analysts forecast that Tesla, Inc. will post 1.75 EPS for the current fiscal year.

Tesla 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.