Altman Advisors Inc. Buys 43 Shares of Tesla, Inc. (NASDAQ:TSLA)

Altman Advisors Inc. lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,754 shares of the electric vehicle producer’s stock after acquiring an additional 43 shares during the quarter. Tesla makes up approximately 1.3% of Altman Advisors Inc.’s holdings, making the stock its 18th biggest holding. Altman Advisors Inc.’s holdings in Tesla were worth $2,814,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Transcendent Capital Group LLC acquired a new stake in shares of Tesla in the 3rd quarter worth $29,000. Bank & Trust Co acquired a new position in Tesla in the second quarter valued at approximately $25,000. Clean Yield Group grew its position in Tesla by 60.0% during the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock valued at $33,000 after buying an additional 48 shares during the period. Abich Financial Wealth Management LLC raised 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 worth $26,000 after purchasing an additional 81 shares during the period. Finally, Valley Wealth Managers Inc. acquired a new stake in Tesla in the 2nd quarter valued at $26,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Activity at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction dated 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 sale, the senior vice president now owns 67,491 shares in the company, valued at approximately $14,967,479.07. This represents a 0.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 8,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $26,258,000. The trade was a 7.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 301,187 shares of company stock valued at $92,956,692 in the last three months. 20.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TSLA shares. William Blair began coverage on Tesla in a report on Thursday, August 29th. They issued an “outperform” rating on the stock. Piper Sandler increased their price target on shares of Tesla from $310.00 to $315.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Wedbush restated an “outperform” rating and issued a $400.00 price objective on shares of Tesla in a report on Monday. New Street Research cut Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price target on the stock. in a research note on Wednesday, July 24th. Finally, Wolfe Research assumed coverage on shares of Tesla in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Nine 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 MarketBeat, Tesla has an average rating of “Hold” and an average price target of $230.18.

Tesla Trading Down 0.4 %

NASDAQ TSLA opened at $344.52 on Wednesday. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $358.64. The company’s 50-day moving average price is $257.14 and its 200-day moving average price is $223.29. The stock has a market cap of $1.11 trillion, a PE ratio of 94.79, a PEG ratio of 10.42 and a beta of 2.29. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.14. The company 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 firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Equities research analysts forecast that Tesla, Inc. will post 1.99 earnings per share 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.