Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Altman Advisors Inc.

Altman Advisors Inc. boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 0.4% in the 3rd quarter, Holdings Channel reports. The firm owned 10,754 shares of the electric vehicle producer’s stock after purchasing an additional 43 shares during the period. Tesla accounts for about 1.3% of Altman Advisors Inc.’s investment portfolio, 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.

Other large investors have also recently bought and sold shares of the company. Bank & Trust Co acquired a new stake in shares of Tesla in the 2nd quarter valued at approximately $25,000. Valley Wealth Managers Inc. purchased a new position in Tesla during the second quarter worth approximately $26,000. Abich Financial Wealth Management LLC grew its holdings in shares of Tesla by 168.8% during 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. Transcendent Capital Group LLC acquired a new stake in shares of Tesla in the third quarter valued at about $29,000. Finally, Clean Yield Group lifted its holdings in Tesla by 60.0% in the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after buying an additional 48 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Activity

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the transaction, the senior vice president now owns 67,491 shares of the company’s stock, valued at $14,967,479.07. The trade was a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 8,000 shares of the firm’s 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 transaction, the chief financial officer now owns 105,032 shares in the company, valued at approximately $26,258,000. This trade represents a 7.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 301,187 shares of company stock valued at $92,956,692. 20.70% of the stock is currently owned by company insiders.

Tesla Stock Down 0.4 %

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

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. During the same period last year, the business earned $0.53 earnings per share. Tesla’s revenue was up 7.8% compared to the same quarter last year. Sell-side analysts expect that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TSLA has been the subject of several recent research reports. Barclays boosted their target price on shares of Tesla from $220.00 to $235.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. HSBC reaffirmed a “reduce” rating and issued a $124.00 price target on shares of Tesla in a research report on Friday, October 11th. StockNews.com upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Glj Research restated a “sell” rating and issued a $24.86 price objective on shares of Tesla in a research report on Thursday, October 17th. Finally, William Blair initiated coverage on Tesla in a research note on Thursday, August 29th. They set an “outperform” rating on the stock. Nine research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Tesla has a consensus rating of “Hold” and a consensus target price of $230.18.

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.