Cordatus Wealth Management LLC Grows Holdings in Tesla, Inc. (NASDAQ:TSLA)

by · The Cerbat Gem

Cordatus Wealth Management LLC raised its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,964 shares of the electric vehicle producer’s stock after buying an additional 142 shares during the period. Cordatus Wealth Management LLC’s holdings in Tesla were worth $1,822,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Bank & Trust Co bought a new stake in shares of Tesla in the second quarter valued at $25,000. Clean Yield Group boosted its position in Tesla by 60.0% during the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after purchasing an additional 48 shares during the period. Abich Financial Wealth Management LLC increased its stake in shares of Tesla by 168.8% in the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Valley Wealth Managers Inc. bought a new stake in Tesla during the 2nd quarter valued at $26,000. Finally, M&R Capital Management Inc. lifted its position in shares of Tesla by 263.2% during the third quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer’s stock worth $36,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 8,000 shares of the 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 sale, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at $26,258,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 value of $2,000,000.00. Following the completion of the sale, the chief financial officer now owns 105,032 shares of the company’s stock, valued at approximately $26,258,000. The trade was a 0.00 % 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 transaction, the senior vice president now directly owns 67,491 shares in the company, valued at $14,967,479.07. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,297 shares of company stock worth $3,065,866 in the last three months. Insiders own 20.70% of the company’s stock.

Tesla Stock Down 2.2 %

TSLA traded down $5.76 during trading on Thursday, reaching $251.79. The stock had a trading volume of 29,831,711 shares, compared to its average volume of 94,178,414. Tesla, Inc. has a one year low of $138.80 and a one year high of $273.54. The company has a market capitalization of $808.26 billion, a price-to-earnings ratio of 69.77, a P/E/G ratio of 7.59 and a beta of 2.29. The stock’s 50 day moving average is $232.78 and its two-hundred day moving average is $209.50. 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 (NASDAQ:TSLA – Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. The business had revenue of $25.18 billion during 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 quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. As a group, analysts expect that Tesla, Inc. will post 1.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

TSLA has been the topic of several recent analyst reports. UBS Group cut 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 research note on Friday, July 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $295.00 target price on shares of Tesla in a research note on Tuesday, September 10th. Jefferies Financial Group boosted their price objective on Tesla from $165.00 to $195.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Piper Sandler lifted their target price on shares of Tesla from $310.00 to $315.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Mizuho upped their price objective on Tesla from $180.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. Eight equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $219.45.

Check Out Our Latest Stock Report on Tesla

Tesla Company Profile

(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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