Crumly & Associates Inc. Acquires Shares of 2,923 Tesla, Inc. (NASDAQ:TSLA)

Crumly & Associates Inc. acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) during the 3rd quarter, HoldingsChannel reports. The firm acquired 2,923 shares of the electric vehicle producer’s stock, valued at approximately $765,000.

Other large investors have also bought and sold shares of the company. United Bank purchased a new stake in shares of Tesla during the 3rd quarter valued at $287,000. Galvin Gaustad & Stein LLC increased its position in shares of Tesla by 18.1% during the 3rd quarter. Galvin Gaustad & Stein LLC now owns 2,083 shares of the electric vehicle producer’s stock valued at $545,000 after purchasing an additional 319 shares during the last quarter. Holistic Planning LLC increased its position in shares of Tesla by 7.2% during the 3rd quarter. Holistic Planning LLC now owns 1,738 shares of the electric vehicle producer’s stock valued at $455,000 after purchasing an additional 116 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Tesla during the 3rd quarter valued at $6,037,000. Finally, Equitable Trust Co. increased its position in shares of Tesla by 78.7% during the 3rd quarter. Equitable Trust Co. now owns 8,950 shares of the electric vehicle producer’s stock valued at $2,342,000 after purchasing an additional 3,943 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Kimbal Musk sold 60,500 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the transaction, the director now directly owns 1,563,220 shares of the company’s stock, valued at $391,164,540.60. This 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 through the SEC website. In related news, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kimbal Musk sold 60,500 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $250.23, for a total value of $15,138,915.00. Following the sale, the director now owns 1,563,220 shares of the company’s stock, valued at approximately $391,164,540.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,797 shares of company stock valued at $19,211,821. 20.70% of the stock is currently owned by corporate insiders.

Tesla Price Performance

Shares of TSLA stock opened at $321.22 on Friday. The stock has a market cap of $1.03 trillion, a price-to-earnings ratio of 88.01, a PEG ratio of 9.51 and a beta of 2.29. The business’s fifty day moving average is $241.18 and its 200 day moving average is $214.90. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $328.71. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Truist Financial raised their target price on Tesla from $236.00 to $238.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Roth Mkm reissued a “neutral” rating and issued a $85.00 price objective on shares of Tesla in a report on Friday, October 11th. Argus reissued a “buy” rating and issued a $286.00 price objective on shares of Tesla in a report on Friday, July 26th. Sanford C. Bernstein reissued an “underperform” rating and issued a $120.00 price objective on shares of Tesla in a report on Thursday, October 3rd. Finally, UBS Group lowered Tesla from a “neutral” rating to a “sell” rating and lifted their price objective for the stock from $147.00 to $197.00 in a report on Friday, July 12th. Eight investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $222.03.

Tesla Company 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.