SYM FINANCIAL Corp Raises Stake in Tesla, Inc. (NASDAQ:TSLA)

SYM FINANCIAL Corp raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 22.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,094 shares of the electric vehicle producer’s stock after acquiring an additional 388 shares during the quarter. SYM FINANCIAL Corp’s holdings in Tesla were worth $548,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TSLA. Transcendent Capital Group LLC bought a new position in shares of Tesla in the third quarter worth approximately $29,000. Clean Yield Group lifted its stake in Tesla by 60.0% in the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after acquiring an additional 48 shares during the period. Abich Financial Wealth Management LLC lifted its stake in Tesla by 168.8% in the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock worth $26,000 after acquiring an additional 81 shares during the period. Valley Wealth Managers Inc. purchased a new stake in Tesla in the second quarter worth $26,000. Finally, Peterson Financial Group Inc. purchased a new stake in Tesla in the third quarter worth $35,000. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Up 1.9 %

TSLA stock opened at $357.93 on Thursday. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $361.93. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1.15 trillion, a P/E ratio of 98.06, a PEG ratio of 11.41 and a beta of 2.36. The business’s 50-day moving average price is $280.65 and its 200-day moving average price is $235.96.

Tesla (NASDAQ:TSLA) last issued 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 the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. On average, equities research analysts forecast that Tesla, Inc. will post 1.99 EPS for the current year.

Insider Activity at Tesla

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 value of $2,000,000.00. Following the sale, the chief financial officer now owns 105,032 shares of the company’s stock, valued at $26,258,000. The trade was a 7.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 value of $65,865.69. Following the completion of the sale, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. The trade was a 0.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 420,577 shares of company stock valued at $135,230,506. 20.70% of the stock is owned by company insiders.

Analyst Ratings Changes

TSLA has been the subject of a number of research analyst reports. Jefferies Financial Group raised their price target on Tesla from $195.00 to $300.00 and gave the stock a “hold” rating in a research note on Thursday, November 14th. KGI Securities upgraded Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 price objective for the company in a report on Thursday, October 24th. UBS Group increased their price objective on Tesla from $197.00 to $226.00 and gave the stock a “sell” rating in a report on Monday, November 25th. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a report on Thursday, October 24th. Finally, Stifel Nicolaus increased their price objective on Tesla from $287.00 to $411.00 and gave the stock a “buy” rating in a report on Monday. Nine analysts have rated the stock with a sell rating, sixteen have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $243.75.

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.