Ullmann Wealth Partners Group LLC Raises Holdings in Tesla, Inc. (NASDAQ:TSLA)

Ullmann Wealth Partners Group LLC increased its position in Tesla, Inc. (NASDAQ:TSLA) by 31.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,460 shares of the electric vehicle producer’s stock after buying an additional 594 shares during the quarter. Ullmann Wealth Partners Group LLC’s holdings in Tesla were worth $644,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in TSLA. Bank & Trust Co acquired a new stake in Tesla in the 2nd quarter valued at $25,000. Valley Wealth Managers Inc. acquired a new stake in Tesla in the 2nd quarter valued at $26,000. Abich Financial Wealth Management LLC increased its holdings in Tesla by 168.8% in 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. Clean Yield Group increased its holdings 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 in the last quarter. Finally, M&R Capital Management Inc. increased its holdings in Tesla by 263.2% in the 3rd 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. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Up 0.2 %

Shares of TSLA stock traded up $0.41 on Tuesday, hitting $219.57. The company’s stock had a trading volume of 62,788,152 shares, compared to its average volume of 95,034,305. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $271.00. The firm’s fifty day moving average price is $225.84 and its 200-day moving average price is $204.27. The stock has a market capitalization of $700.25 billion, a price-to-earnings ratio of 56.14, a P/E/G ratio of 6.48 and a beta of 2.29.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on TSLA. New Street Research downgraded Tesla from a “buy” rating to a “neutral” rating and set a $225.00 target price for the company. in a research note on Wednesday, July 24th. Stifel Nicolaus began coverage on Tesla in a research note on Tuesday, June 25th. They set a “buy” rating and a $265.00 target price for the company. Piper Sandler raised their target price on Tesla from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Morgan Stanley restated an “overweight” rating and set a $310.00 target price on shares of Tesla in a research note on Thursday, October 3rd. Finally, TD Cowen raised their target price on Tesla from $160.00 to $180.00 and gave the company a “hold” rating in a research note on Wednesday, July 3rd. Nine investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $210.72.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 8,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the transaction, the chief financial officer now owns 105,032 shares in the company, valued at approximately $26,258,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Vaibhav Taneja sold 8,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the transaction, the chief financial officer now owns 105,032 shares in the company, valued at approximately $26,258,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction dated 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 approximately $14,967,479.07. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 74,661 shares of company stock valued at $16,663,291 in the last quarter. Insiders own 25.10% of the company’s stock.

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.