Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Atlas Wealth Partners LLC

Atlas Wealth Partners LLC lifted its stake in Tesla, Inc. (NASDAQ:TSLA) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,632 shares of the electric vehicle producer’s stock after acquiring an additional 50 shares during the period. Tesla accounts for approximately 0.7% of Atlas Wealth Partners LLC’s holdings, making the stock its 25th biggest position. Atlas Wealth Partners LLC’s holdings in Tesla were worth $427,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TSLA. Cyndeo Wealth Partners LLC raised its holdings in shares of Tesla by 39.8% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 20,845 shares of the electric vehicle producer’s stock worth $5,454,000 after purchasing an additional 5,931 shares in the last quarter. Pure Portfolios Holdings LLC acquired a new position in Tesla in the third quarter worth approximately $806,000. Mainsail Asset Management LLC increased its holdings in shares of Tesla by 6.7% in the third quarter. Mainsail Asset Management LLC now owns 3,586 shares of the electric vehicle producer’s stock valued at $938,000 after buying an additional 226 shares in the last quarter. Bernardo Wealth Planning LLC lifted its position in shares of Tesla by 22.3% during the 3rd quarter. Bernardo Wealth Planning LLC now owns 4,004 shares of the electric vehicle producer’s stock valued at $1,048,000 after acquiring an additional 729 shares during the last quarter. Finally, Werba Rubin Papier Wealth Management boosted its stake in shares of Tesla by 10.3% during the 3rd quarter. Werba Rubin Papier Wealth Management now owns 8,158 shares of the electric vehicle producer’s stock worth $2,134,000 after acquiring an additional 765 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TSLA shares. Guggenheim increased their price target on shares of Tesla from $134.00 to $153.00 and gave the stock a “sell” rating in a research report on Friday, September 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $295.00 target price on shares of Tesla in a research report on Tuesday, September 10th. HSBC restated a “reduce” rating and set a $124.00 price target on shares of Tesla in a report on Friday, October 11th. Stifel Nicolaus initiated coverage on Tesla in a report on Tuesday, June 25th. They set a “buy” rating and a $265.00 price objective for the company. Finally, Sanford C. Bernstein restated an “underperform” rating and issued a $120.00 target price on shares of Tesla in a research note on Thursday, October 3rd. Nine equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $210.72.

Tesla Trading Down 0.1 %

Shares of Tesla stock opened at $220.70 on Friday. The company has a market cap of $703.86 billion, a price-to-earnings ratio of 56.30, a PEG ratio of 5.94 and a beta of 2.29. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $271.00. The company’s fifty day simple moving average is $227.67 and its 200-day simple moving average is $205.39. The company has a current ratio of 1.91, a quick ratio of 1.40 and a debt-to-equity ratio of 0.08.

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

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 8,000 shares of Tesla stock in a transaction that occurred 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 directly owns 105,032 shares of the company’s stock, valued at approximately $26,258,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $219.96, for a total value of $14,597,425.44. Following the sale, the director now owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 8,000 shares of Tesla stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at $26,258,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 74,661 shares of company stock valued at $16,663,291 over the last quarter. Corporate insiders own 25.10% of the company’s stock.

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.