Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Lifted by Graypoint LLC

Graypoint LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 19.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,958 shares of the electric vehicle producer’s stock after purchasing an additional 2,707 shares during the quarter. Graypoint LLC’s holdings in Tesla were worth $4,437,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. China Universal Asset Management Co. Ltd. boosted its holdings 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 acquiring an additional 331 shares during the period. Empirical Finance LLC grew its holdings in Tesla by 4.5% in the 1st quarter. Empirical Finance LLC now owns 78,230 shares of the electric vehicle producer’s stock valued at $13,752,000 after buying an additional 3,395 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Tesla by 23.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 75,851 shares of the electric vehicle producer’s stock worth $13,334,000 after buying an additional 14,191 shares during the period. Motive Wealth Advisors lifted its holdings in shares of Tesla by 174.1% during the first quarter. Motive Wealth Advisors now owns 3,843 shares of the electric vehicle producer’s stock worth $676,000 after buying an additional 2,441 shares during the last quarter. Finally, AIA Group Ltd boosted its position in shares of Tesla by 3.4% in the first quarter. AIA Group Ltd now owns 74,754 shares of the electric vehicle producer’s stock valued at $13,141,000 after acquiring an additional 2,484 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Performance

Shares of NASDAQ:TSLA opened at $288.53 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $289.59. The stock has a market capitalization of $926.20 billion, a P/E ratio of 79.05, a P/E/G ratio of 8.01 and a beta of 2.29. The business has a 50-day moving average price of $237.23 and a two-hundred day moving average price of $213.07.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. During the same period in the previous year, the firm posted $0.53 earnings per share. Tesla’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities analysts predict that Tesla, Inc. will post 1.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Truist Financial boosted their price objective on shares of Tesla from $236.00 to $238.00 and gave the stock a “hold” rating in a report on Thursday, October 24th. UBS Group lowered Tesla from a “neutral” rating to a “sell” rating and boosted their price target for the company from $147.00 to $197.00 in a research note on Friday, July 12th. Sanford C. Bernstein reiterated an “underperform” rating and issued a $120.00 price objective on shares of Tesla in a research report on Thursday, October 3rd. Canaccord Genuity Group boosted their price objective on Tesla from $254.00 to $278.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, William Blair initiated coverage on Tesla in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. Eight equities 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 company. Based on data from MarketBeat, Tesla presently has a consensus rating of “Hold” and an average price target of $219.45.

Insider Buying and Selling

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the transaction, the senior vice president now owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 67,491 shares in the company, valued at $14,967,479.07. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kimbal Musk sold 60,500 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the transaction, the director now owns 1,563,220 shares of the company’s stock, valued at approximately $391,164,540.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,797 shares of company stock valued at $19,211,821 over the last three months. Company 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.