Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Bell Investment Advisors Inc

Bell Investment Advisors Inc boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 2.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,309 shares of the electric vehicle producer’s stock after purchasing an additional 54 shares during the period. Bell Investment Advisors Inc’s holdings in Tesla were worth $604,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of TSLA. China Universal Asset Management Co. Ltd. grew its holdings in Tesla by 0.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer’s stock worth $6,399,000 after acquiring an additional 331 shares in the last quarter. Ancora Advisors LLC grew its stake in Tesla by 4.7% in the first quarter. Ancora Advisors LLC now owns 6,585 shares of the electric vehicle producer’s stock worth $1,158,000 after purchasing an additional 294 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new stake in Tesla in the first quarter valued at about $323,000. Investmark Advisory Group LLC raised its stake in Tesla by 4.6% during the first quarter. Investmark Advisory Group LLC now owns 5,385 shares of the electric vehicle producer’s stock valued at $947,000 after buying an additional 239 shares in the last quarter. Finally, Heartland Bank & Trust Co lifted its holdings in Tesla by 94.4% during the 1st quarter. Heartland Bank & Trust Co now owns 6,304 shares of the electric vehicle producer’s stock worth $1,108,000 after buying an additional 3,061 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TSLA shares. Truist Financial upped their price target on Tesla from $236.00 to $238.00 and gave the company a “hold” rating in a research report on Thursday, October 24th. Glj Research restated a “sell” rating and issued a $24.86 price target on shares of Tesla in a research report on Thursday, October 17th. HSBC reaffirmed a “reduce” rating and issued a $124.00 price target on shares of Tesla in a report on Friday, October 11th. Canaccord Genuity Group raised their target price on shares of Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $245.00 target price on shares of Tesla in a report on Wednesday, October 23rd. Nine research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Tesla has a consensus rating of “Hold” and an average price target of $231.06.

Tesla Price Performance

Shares of NASDAQ TSLA traded down $2.74 during midday trading on Wednesday, reaching $335.49. The company’s stock had a trading volume of 12,333,037 shares, compared to its average volume of 95,270,945. The company has a market cap of $1.08 trillion, a price-to-earnings ratio of 92.67, a price-to-earnings-growth ratio of 11.00 and a beta of 2.29. Tesla, Inc. has a one year low of $138.80 and a one year high of $361.93. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average price of $268.52 and a 200 day moving average price of $229.16.

Tesla (NASDAQ:TSLA) last posted its quarterly 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 analysts’ expectations of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 earnings per share. On average, equities research analysts expect that Tesla, Inc. will post 1.99 EPS for the current year.

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 8,000 shares of Tesla stock in a transaction that occurred on 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 in the company, valued at approximately $26,258,000. The trade was a 7.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction on Friday, September 6th. The shares were 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 owns 67,491 shares of the company’s stock, valued at $14,967,479.07. The trade was a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 301,187 shares of company stock valued at $92,956,692 over the last three months. Insiders own 20.70% 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.