Strategic Family Wealth Counselors L.L.C. Sells 91 Shares of Tesla, Inc. (NASDAQ:TSLA)

Strategic Family Wealth Counselors L.L.C. lowered its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 7.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,218 shares of the electric vehicle producer’s stock after selling 91 shares during the period. Strategic Family Wealth Counselors L.L.C.’s holdings in Tesla were worth $319,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. APEIRON CAPITAL Ltd purchased a new position in shares of Tesla in the 3rd quarter valued at approximately $12,338,000. Capital Performance Advisors LLP purchased a new position in Tesla during the third quarter valued at $315,000. Aspire Wealth Management Corp grew its position in shares of Tesla by 3.0% in the 3rd quarter. Aspire Wealth Management Corp now owns 3,924 shares of the electric vehicle producer’s stock worth $1,027,000 after buying an additional 113 shares during the period. Philip James Wealth Mangement LLC bought a new position in shares of Tesla in the 3rd quarter worth about $1,999,000. Finally, Gold Investment Management Ltd. boosted its stake in Tesla by 9.4% during the third quarter. Gold Investment Management Ltd. now owns 6,824 shares of the electric vehicle producer’s stock worth $1,785,000 after acquiring an additional 588 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 7.4 %

Shares of TSLA traded up $21.92 during mid-day trading on Friday, hitting $318.83. 57,458,680 shares of the company’s stock were exchanged, compared to its average volume of 94,212,023. The stock’s 50-day moving average is $237.23 and its 200-day moving average is $213.07. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $318.89. The company has a market cap of $1.02 trillion, a price-to-earnings ratio of 81.35, a P/E/G ratio of 9.51 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. During the same quarter last year, the company posted $0.53 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Tesla, Inc. will post 1.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $250.23, for a total value of $15,138,915.00. Following the completion of the transaction, the director now owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Vaibhav Taneja sold 8,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 60,500 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,797 shares of company stock worth $19,211,821 in the last quarter. 20.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. StockNews.com raised Tesla from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. KGI Securities raised shares of Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 target price for the company in a report on Thursday, October 24th. HSBC reiterated a “reduce” rating and issued a $124.00 price objective on shares of Tesla in a research note on Friday, October 11th. Mizuho upped their target price on shares of Tesla from $180.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Finally, Barclays boosted their price objective on shares of Tesla from $220.00 to $235.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Eight investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $222.03.

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.