Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Raised by BNC Wealth Management LLC

BNC Wealth Management LLC raised its position in Tesla, Inc. (NASDAQ:TSLA) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,103 shares of the electric vehicle producer’s stock after acquiring an additional 464 shares during the quarter. Tesla accounts for about 3.9% of BNC Wealth Management LLC’s investment portfolio, making the stock its 6th largest holding. BNC Wealth Management LLC’s holdings in Tesla were worth $10,492,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TSLA. Bank & Trust Co acquired a new position in Tesla during the 2nd quarter worth $25,000. Valley Wealth Managers Inc. acquired a new position in Tesla in the second quarter worth $26,000. Abich Financial Wealth Management LLC increased its stake in Tesla by 168.8% during the second 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 during the last quarter. Clean Yield Group raised its holdings in shares of Tesla by 60.0% during the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after purchasing an additional 48 shares during the period. Finally, M&R Capital Management Inc. lifted its holdings in 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 acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In related news, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the transaction, the senior vice president now directly owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction dated Friday, November 1st. The stock was 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. The trade was 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, 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 value of $65,865.69. Following the transaction, the senior vice president now directly owns 67,491 shares of the company’s stock, valued at $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,797 shares of company stock worth $19,211,821 over the last ninety days. Company insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TSLA shares. Roth Mkm restated a “neutral” rating and set a $85.00 price objective on shares of Tesla in a research report on Friday, October 11th. 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 research report on Thursday, October 24th. Citigroup cut their target price on Tesla from $274.00 to $258.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Wolfe Research initiated coverage on Tesla in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, Jefferies Financial Group increased their price objective on Tesla from $165.00 to $195.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and an average target price of $219.45.

Tesla Stock Performance

Shares of Tesla stock opened at $288.53 on Thursday. The stock has a market capitalization of $926.20 billion, a price-to-earnings ratio of 79.05, a PEG ratio of 8.01 and a beta of 2.29. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $289.59. The firm has a fifty day moving average of $237.23 and a two-hundred day moving average of $213.07. 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 (NASDAQ:TSLA) last posted its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.14. The firm had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. As a group, equities research analysts predict that Tesla, Inc. will post 1.96 EPS for the current year.

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.