Optivise Advisory Services LLC Acquires Shares of 2,063 Tesla, Inc. (NASDAQ:TSLA)

Optivise Advisory Services LLC purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,063 shares of the electric vehicle producer’s stock, valued at approximately $540,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSLA. Nicolet Advisory Services LLC boosted its holdings in Tesla by 3.3% in the 3rd quarter. Nicolet Advisory Services LLC now owns 9,044 shares of the electric vehicle producer’s stock worth $2,177,000 after buying an additional 286 shares during the period. Leelyn Smith LLC grew its holdings in shares of Tesla by 0.9% during the third quarter. Leelyn Smith LLC now owns 11,074 shares of the electric vehicle producer’s stock valued at $2,897,000 after buying an additional 94 shares during the last quarter. GenTrust LLC raised its position in Tesla by 30.2% in the third quarter. GenTrust LLC now owns 24,459 shares of the electric vehicle producer’s stock worth $6,399,000 after acquiring an additional 5,670 shares during the period. Stonebrook Private Inc. lifted its holdings in shares of Tesla by 28.1% in the third quarter. Stonebrook Private Inc. now owns 2,816 shares of the electric vehicle producer’s stock worth $737,000 after buying an additional 618 shares in the last quarter. Finally, Covenant Asset Management LLC increased its position in shares of Tesla by 14.7% during the 3rd quarter. Covenant Asset Management LLC now owns 1,288 shares of the electric vehicle producer’s stock valued at $337,000 after purchasing an additional 165 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

NASDAQ TSLA opened at $352.56 on Friday. The firm has a 50-day moving average of $264.07 and a 200-day moving average of $226.09. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The stock has a market cap of $1.13 trillion, a PE ratio of 96.59, a P/E/G ratio of 11.03 and a beta of 2.29. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $361.53.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating 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 net margin of 13.07% and a return on equity of 10.24%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $0.53 EPS. On average, sell-side analysts anticipate that Tesla, Inc. will post 1.99 EPS for the current year.

Insider Activity at Tesla

In other news, Director Kimbal Musk sold 60,500 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $250.23, for a total value of $15,138,915.00. Following the transaction, the director now owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. The trade was a 3.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the transaction, the director now owns 5,400 shares in the company, valued at $1,868,508. This trade represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 301,187 shares of company stock valued at $92,956,692. 20.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TSLA. Phillip Securities lowered shares of Tesla from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, November 13th. Wedbush reissued an “outperform” rating and set a $400.00 price objective on shares of Tesla in a report on Monday, November 18th. Canaccord Genuity Group boosted their price objective on shares of Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Guggenheim increased their target price on shares of Tesla from $153.00 to $156.00 and gave the stock a “sell” rating in a research report on Thursday, October 24th. Finally, Argus restated a “buy” rating and set a $286.00 price target on shares of Tesla in a research report on Friday, July 26th. Nine research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $230.18.

About Tesla

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.