Valued Wealth Advisors LLC Has $107,000 Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Valued Wealth Advisors LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 14.6% in the third quarter, HoldingsChannel reports. The firm owned 408 shares of the electric vehicle producer’s stock after purchasing an additional 52 shares during the period. Valued Wealth Advisors LLC’s holdings in Tesla were worth $107,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Bank & Trust Co acquired a new stake in Tesla in the second quarter valued at approximately $25,000. Clean Yield Group grew its position in Tesla by 60.0% in 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. Abich Financial Wealth Management LLC increased its stake 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 valued at $26,000 after purchasing an additional 81 shares in the last quarter. Valley Wealth Managers Inc. acquired a new position in Tesla during the second quarter worth $26,000. Finally, M&R Capital Management Inc. lifted its stake 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 buying an additional 100 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Trading Up 0.9 %

TSLA traded up $2.29 on Friday, hitting $252.14. 6,950,241 shares of the company were exchanged, compared to its average volume of 93,937,227. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $273.54. The firm has a fifty day simple moving average of $233.56 and a two-hundred day simple moving average of $209.78. The stock has a market capitalization of $809.38 billion, a PE ratio of 68.45, a price-to-earnings-growth ratio of 8.49 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. The company had revenue of $25.18 billion during the quarter, compared to analyst estimates of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 EPS. Sell-side analysts expect that Tesla, Inc. will post 1.96 earnings per share for the current year.

Insider Activity at Tesla

In other news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction that occurred on 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 directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, 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 completion of 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were 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 approximately $14,967,479.07. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,297 shares of company stock worth $3,065,866 over the last 90 days. 20.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TSLA. Truist Financial upped their target price on shares of Tesla from $236.00 to $238.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. Wolfe Research began coverage on Tesla in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research report on Thursday, October 24th. Mizuho lifted their price objective on shares of Tesla from $180.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. Finally, Barclays increased their target price on shares of Tesla from $220.00 to $235.00 and gave the company an “equal weight” rating in a report on Tuesday. Eight investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $219.45.

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.