Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Darden Wealth Group Inc

Darden Wealth Group Inc boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 10.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,165 shares of the electric vehicle producer’s stock after purchasing an additional 200 shares during the quarter. Darden Wealth Group Inc’s holdings in Tesla were worth $566,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Eagle Asset Management Inc. increased its position in shares of Tesla by 21.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 31,232 shares of the electric vehicle producer’s stock worth $8,171,000 after purchasing an additional 5,545 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Tesla by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,545,824 shares of the electric vehicle producer’s stock worth $4,328,884,000 after buying an additional 301,968 shares during the last quarter. Yahav Achim Ve Achayot Provident Funds Management Co Ltd. acquired a new position in shares of Tesla in the 3rd quarter worth approximately $1,203,000. Blackhawk Capital Partners LLC. grew its position in shares of Tesla by 102.0% in the 3rd quarter. Blackhawk Capital Partners LLC. now owns 5,598 shares of the electric vehicle producer’s stock worth $1,465,000 after acquiring an additional 2,827 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Tesla by 2.7% during the 3rd quarter. Pacer Advisors Inc. now owns 297,722 shares of the electric vehicle producer’s stock valued at $77,893,000 after acquiring an additional 7,966 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TSLA. Oppenheimer reissued a “market perform” rating on shares of Tesla in a report on Tuesday, October 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $310.00 price objective on shares of Tesla in a report on Thursday, October 3rd. Guggenheim boosted their target price on shares of Tesla from $153.00 to $156.00 and gave the company a “sell” rating in a research note on Thursday, October 24th. Piper Sandler raised 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. Finally, Wells Fargo & Company increased their price objective on Tesla from $120.00 to $125.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Nine investment 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. According to MarketBeat, Tesla has an average rating of “Hold” and a consensus price target of $230.18.

Tesla Stock Down 0.5 %

Tesla stock opened at $340.17 on Friday. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $358.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The firm has a market cap of $1.09 trillion, a price-to-earnings ratio of 93.20, a P/E/G ratio of 11.24 and a beta of 2.29. The firm has a fifty day moving average price of $261.63 and a two-hundred day moving average price of $224.93.

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 the consensus estimate of $0.58 by $0.14. The business had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. As a group, analysts forecast that Tesla, Inc. will post 1.99 earnings per share for the current year.

Insider Buying and Selling

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction on Friday, September 6th. The stock was 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 in the company, valued at approximately $14,967,479.07. This trade represents a 0.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $350.00, for a total value of $1,400,000.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares in the company, valued at approximately $36,761,200. This represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 301,187 shares of company stock worth $92,956,692 in the last three months. Insiders own 20.70% of the company’s stock.

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.