WP Advisors LLC Has $1.08 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

WP Advisors LLC trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA) by 16.7% in the third quarter, Holdings Channel reports. The institutional investor owned 4,112 shares of the electric vehicle producer’s stock after selling 824 shares during the period. WP Advisors LLC’s holdings in Tesla were worth $1,076,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. China Universal Asset Management Co. Ltd. increased its position in shares of Tesla by 0.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer’s stock worth $6,399,000 after purchasing an additional 331 shares during the period. Trustmark National Bank Trust Department bought a new position in Tesla in the 1st quarter valued at about $219,000. PAX Financial Group LLC lifted its holdings in shares of Tesla by 9.2% during the 1st quarter. PAX Financial Group LLC now owns 3,276 shares of the electric vehicle producer’s stock worth $576,000 after acquiring an additional 277 shares during the period. Safeguard Investment Advisory Group LLC boosted its position in shares of Tesla by 27.8% during the 1st quarter. Safeguard Investment Advisory Group LLC now owns 6,329 shares of the electric vehicle producer’s stock worth $1,113,000 after acquiring an additional 1,375 shares in the last quarter. Finally, Hilltop Partners LLC increased its stake in Tesla by 25.4% in the first quarter. Hilltop Partners LLC now owns 6,084 shares of the electric vehicle producer’s stock valued at $1,069,000 after acquiring an additional 1,231 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction 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 sale, the senior vice president now owns 67,491 shares of the company’s stock, valued at $14,967,479.07. The trade was a 0.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the transaction, the director now owns 5,400 shares of the company’s stock, valued at approximately $1,868,508. This represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 188,797 shares of company stock worth $57,616,781 over the last ninety days. 20.70% of the stock is currently owned by company insiders.

Tesla Trading Up 3.1 %

NASDAQ TSLA opened at $320.72 on Monday. The stock has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 87.87, a PEG ratio of 10.42 and a beta of 2.29. The business’s fifty day moving average is $252.30 and its 200-day moving average is $221.01. 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, Inc. has a one year low of $138.80 and a one year high of $358.64.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. The firm had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 EPS. Equities research analysts predict that Tesla, Inc. will post 1.99 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on TSLA. Morgan Stanley reaffirmed an “overweight” rating and issued a $310.00 target price on shares of Tesla in a report on Thursday, October 3rd. Phillip Securities cut shares of Tesla from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, November 13th. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research report on Thursday, October 24th. Argus restated a “buy” rating and issued a $286.00 target price on shares of Tesla in a research report on Friday, July 26th. Finally, The Goldman Sachs Group boosted their target price on shares of Tesla from $230.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Nine research 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, Tesla has an average rating of “Hold” and an average price target of $230.18.

About Tesla

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.