Stillwater Capital Advisors LLC Takes $428,000 Position in Tesla, Inc. (NASDAQ:TSLA)

Stillwater Capital Advisors LLC acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,635 shares of the electric vehicle producer’s stock, valued at approximately $428,000.

Other large investors also recently made changes to their positions in the company. Bank & Trust Co bought a new position in shares of Tesla during the 2nd quarter valued at about $25,000. Valley Wealth Managers Inc. acquired a new position in shares of Tesla in the second quarter worth about $26,000. Abich Financial Wealth Management LLC boosted its holdings in shares of Tesla by 168.8% in the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock worth $26,000 after buying an additional 81 shares during the period. Clean Yield Group boosted its holdings in shares of Tesla by 60.0% in the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after buying an additional 48 shares during the period. Finally, M&R Capital Management Inc. boosted 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 worth $36,000 after buying an additional 100 shares during the period. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the transaction, the director now owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. 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 hyperlink. In related news, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the transaction, the director now owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. 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 hyperlink. Also, CFO Vaibhav Taneja sold 8,000 shares of Tesla stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the sale, the chief financial officer now owns 105,032 shares in the company, valued at $26,258,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,661 shares of company stock valued at $16,663,291. 25.10% of the stock is owned by company insiders.

Tesla Trading Up 0.2 %

NASDAQ:TSLA opened at $219.57 on Wednesday. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $271.00. The firm has a market cap of $700.25 billion, a price-to-earnings ratio of 56.01, a P/E/G ratio of 6.48 and a beta of 2.29. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $226.22 and its 200-day moving average is $204.57.

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

Wall Street Analyst Weigh In

Several research analysts have commented on TSLA shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $230.00 target price on shares of Tesla in a report on Friday, October 11th. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a report on Friday, October 11th. China Renaissance upgraded shares of Tesla from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a report on Friday, July 5th. Stifel Nicolaus began coverage on shares of Tesla in a report on Tuesday, June 25th. They set a “buy” rating and a $265.00 price target for the company. Finally, KGI Securities restated a “neutral” rating and set a $236.00 price target on shares of Tesla in a report on Thursday, July 25th. Nine investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $210.72.

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.