Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 16,792 shares of the electric vehicle producer’s stock after selling 542 shares during the quarter. Larson Financial Group LLC’s holdings in Tesla were worth $4,393,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. increased its stake in Tesla by 0.9% during the first quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer’s stock valued at $6,399,000 after purchasing an additional 331 shares during the last quarter. 1832 Asset Management L.P. boosted its holdings in shares of Tesla by 23.5% in the 1st quarter. 1832 Asset Management L.P. now owns 8,760 shares of the electric vehicle producer’s stock valued at $1,540,000 after buying an additional 1,669 shares during the period. Earnest Partners LLC grew its position in shares of Tesla by 26.0% during the 1st quarter. Earnest Partners LLC now owns 1,395 shares of the electric vehicle producer’s stock valued at $245,000 after buying an additional 288 shares during the last quarter. Ascent Group LLC raised its stake in Tesla by 12.0% during the first quarter. Ascent Group LLC now owns 9,901 shares of the electric vehicle producer’s stock worth $1,740,000 after acquiring an additional 1,058 shares during the period. Finally, Silvercrest Asset Management Group LLC lifted its holdings in Tesla by 69.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 55,245 shares of the electric vehicle producer’s stock worth $9,712,000 after acquiring an additional 22,624 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $350.00, for a total transaction of $1,400,000.00. Following the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $36,761,200. The trade was a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kimbal Musk sold 60,500 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the completion of the sale, the director now owns 1,563,220 shares of the company’s stock, valued at approximately $391,164,540.60. The trade was a 3.73 % 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 valued at $92,956,692 in the last 90 days. 20.70% of the stock is currently owned by corporate insiders.

Tesla Trading Up 3.8 %

Tesla stock opened at $352.56 on Friday. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $361.53. 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 firm has a market capitalization of $1.13 trillion, a price-to-earnings ratio of 96.59, a P/E/G ratio of 11.03 and a beta of 2.29. The company has a 50 day moving average price of $264.07 and a 200 day moving average price of $226.43.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping 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 return on equity of 10.24% and a net margin of 13.07%. Tesla’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 earnings per share. Research analysts forecast that Tesla, Inc. will post 1.99 EPS for the current year.

Analysts Set New Price Targets

TSLA has been the topic of a number of research reports. HSBC reiterated a “reduce” rating and set a $124.00 price target on shares of Tesla in a research report on Friday, October 11th. Piper Sandler increased their target price on Tesla from $310.00 to $315.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. StockNews.com raised shares of Tesla from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Barclays increased their price objective on shares of Tesla from $220.00 to $235.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Tesla from $130.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. Nine research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Tesla currently has an average rating of “Hold” and an average target price of $230.18.

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.