Aspiriant LLC Sells 95 Shares of Tesla, Inc. (NASDAQ:TSLA)

by · The Cerbat Gem

Aspiriant LLC reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 1.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 6,758 shares of the electric vehicle producer’s stock after selling 95 shares during the quarter. Aspiriant LLC’s holdings in Tesla were worth $1,768,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TSLA. Integris Wealth Management LLC boosted its stake in Tesla by 1.0% in the second quarter. Integris Wealth Management LLC now owns 4,065 shares of the electric vehicle producer’s stock valued at $804,000 after acquiring an additional 42 shares during the last quarter. Sherrill & Hutchins Financial Advisory Inc boosted its stake in Tesla by 1.4% in the third quarter. Sherrill & Hutchins Financial Advisory Inc now owns 3,058 shares of the electric vehicle producer’s stock valued at $800,000 after acquiring an additional 43 shares during the last quarter. Echo Wealth Management LLC boosted its stake in Tesla by 0.7% in the second quarter. Echo Wealth Management LLC now owns 6,474 shares of the electric vehicle producer’s stock valued at $1,281,000 after acquiring an additional 44 shares during the last quarter. WASHINGTON TRUST Co boosted its stake in Tesla by 3.2% in the second quarter. WASHINGTON TRUST Co now owns 1,433 shares of the electric vehicle producer’s stock valued at $284,000 after acquiring an additional 45 shares during the last quarter. Finally, Bellevue Asset Management LLC boosted its stake in Tesla by 1.6% in the second quarter. Bellevue Asset Management LLC now owns 2,868 shares of the electric vehicle producer’s stock valued at $568,000 after acquiring an additional 45 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Insider Activity at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the transaction, the senior vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the transaction, the senior vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 8,000 shares of the business’s stock in a transaction 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 74,661 shares of company stock worth $16,663,291 in the last three months. 25.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TSLA has been the topic of a number of recent research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $230.00 price objective on shares of Tesla in a research note on Friday, October 11th. HSBC reiterated a “reduce” rating and issued a $124.00 target price on shares of Tesla in a report on Friday, October 11th. UBS Group lowered shares of Tesla from a “neutral” rating to a “sell” rating and increased their target price for the stock from $147.00 to $197.00 in a report on Friday, July 12th. China Renaissance upgraded shares of Tesla from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a report on Friday, July 5th. Finally, Glj Research restated a “sell” rating and set a $24.86 price objective on shares of Tesla in a report on Thursday. Nine equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $210.72.

View Our Latest Stock Analysis on TSLA

Tesla Trading Up 0.3 %

Shares of TSLA traded up $0.64 during mid-day trading on Friday, reaching $221.53. The company’s stock had a trading volume of 24,179,066 shares, compared to its average volume of 94,240,750. The stock has a market cap of $706.50 billion, a PE ratio of 56.18, a P/E/G ratio of 5.94 and a beta of 2.29. The company has a current ratio of 1.91, a quick ratio of 1.40 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $271.00. The company’s fifty day moving average price is $227.25 and its two-hundred day moving average price is $204.80.

Tesla (NASDAQ:TSLA – Get Free Report) last posted 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). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The firm had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. During the same quarter in the prior year, the company earned $0.78 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, analysts predict that Tesla, Inc. will post 1.75 earnings per share for the current fiscal year.

About Tesla

(Free Report)

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.

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