Tesla, Inc. (NASDAQ:TSLA) Stock Position Lifted by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 18.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,408 shares of the electric vehicle producer’s stock after buying an additional 980 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Tesla were worth $1,677,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Fisher Asset Management LLC raised its position in Tesla by 38.5% during the fourth quarter. Fisher Asset Management LLC now owns 21,119 shares of the electric vehicle producer’s stock valued at $5,248,000 after acquiring an additional 5,874 shares in the last quarter. RFG Advisory LLC lifted its stake in shares of Tesla by 3.2% in the 1st quarter. RFG Advisory LLC now owns 10,122 shares of the electric vehicle producer’s stock valued at $1,779,000 after purchasing an additional 311 shares during the last quarter. Sanders Morris Harris LLC bought a new stake in Tesla in the first quarter worth $328,000. &PARTNERS increased its position in Tesla by 5.5% during the first quarter. &PARTNERS now owns 7,040 shares of the electric vehicle producer’s stock worth $1,238,000 after buying an additional 368 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in Tesla by 26.4% during the first quarter. International Assets Investment Management LLC now owns 31,554 shares of the electric vehicle producer’s stock valued at $5,529,000 after buying an additional 6,591 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on TSLA shares. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a research note on Tuesday, October 8th. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a report on Friday, October 11th. UBS Group cut shares of Tesla from a “neutral” rating to a “sell” rating and boosted their price objective for the stock from $147.00 to $197.00 in a research note on Friday, July 12th. Mizuho raised their target price on shares of Tesla from $180.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Finally, William Blair assumed coverage on shares of Tesla in a research report on Thursday, August 29th. They set an “outperform” rating for the company. Nine equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average price target of $210.72.

Insider Buying and Selling

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction 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 transaction, the senior vice president now owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Tesla news, CFO Vaibhav Taneja sold 8,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $26,258,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction 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 sale, the senior vice president now owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 74,661 shares of company stock worth $16,663,291 in the last three months. Insiders own 25.10% of the company’s stock.

Tesla Stock Down 0.1 %

Shares of NASDAQ TSLA opened at $220.70 on Friday. The business has a fifty day moving average of $227.67 and a two-hundred day moving average of $205.12. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $271.00. The stock has a market cap of $703.86 billion, a PE ratio of 56.30, a PEG ratio of 5.94 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The firm had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. Tesla’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 earnings per share. As a group, equities research analysts expect that Tesla, Inc. will post 1.75 earnings per share for the current fiscal year.

About Tesla

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.