Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Strategic Blueprint LLC

Strategic Blueprint LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,591 shares of the electric vehicle producer’s stock after buying an additional 223 shares during the quarter. Strategic Blueprint LLC’s holdings in Tesla were worth $3,817,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bank & Trust Co acquired a new position in shares of Tesla in the second quarter worth about $25,000. Valley Wealth Managers Inc. acquired a new position in Tesla in the 2nd quarter worth approximately $26,000. Abich Financial Wealth Management LLC grew its position in Tesla by 168.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Clean Yield Group raised its stake in Tesla by 60.0% during the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock valued at $33,000 after purchasing an additional 48 shares during the period. Finally, M&R Capital Management Inc. lifted its holdings in shares of Tesla by 263.2% in the third quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer’s stock valued at $36,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

TSLA stock traded down $0.91 on Tuesday, reaching $261.60. 28,252,222 shares of the company were exchanged, compared to its average volume of 94,407,500. The firm has a market capitalization of $839.75 billion, a PE ratio of 71.92, a PEG ratio of 7.59 and a beta of 2.29. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $273.54. The stock’s fifty day moving average price is $231.33 and its 200 day moving average price is $208.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter in the previous year, the firm posted $0.53 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. On average, research analysts anticipate that Tesla, Inc. will post 1.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TSLA. Truist Financial lifted their price target on Tesla from $236.00 to $238.00 and gave the company a “hold” rating in a report on Thursday, October 24th. Royal Bank of Canada lifted their target price on Tesla from $236.00 to $249.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. HSBC reissued a “reduce” rating and issued a $124.00 price target on shares of Tesla in a research report on Friday, October 11th. Canaccord Genuity Group boosted their price objective on shares of Tesla from $254.00 to $278.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, William Blair initiated coverage on shares of Tesla in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. Eight investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $219.45.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the sale, the chief financial officer now owns 105,032 shares of the company’s stock, valued at approximately $26,258,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of 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 Securities & Exchange Commission, which is available at this link. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,258,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,297 shares of company stock valued at $3,065,866 in the last quarter. Corporate insiders own 20.70% of the company’s stock.

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.