Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Prosperitas Financial LLC

by · The Cerbat Gem

Prosperitas Financial LLC lifted its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 12.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,782 shares of the electric vehicle producer’s stock after buying an additional 318 shares during the period. Prosperitas Financial LLC’s holdings in Tesla were worth $728,000 at the end of the most recent reporting period.

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

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 8,000 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,258,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Xiaotong Zhu sold 297 shares of the company’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 completion of the transaction, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 8,000 shares of Tesla 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 owns 105,032 shares in the company, valued at $26,258,000. This represents a 0.00 % decrease in their position. 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 ninety days. 20.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Oppenheimer restated a “market perform” rating on shares of Tesla in a report on Tuesday, October 8th. Roth Mkm restated a “neutral” rating and set a $85.00 price objective 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 raised their target price for the stock from $147.00 to $197.00 in a report on Friday, July 12th. Glj Research restated a “sell” rating and set a $24.86 price target on shares of Tesla in a report on Thursday, October 17th. Finally, Truist Financial raised their price objective on shares of Tesla from $236.00 to $238.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Eight investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $219.45.

Check Out Our Latest Stock Report on TSLA

Tesla Trading Down 0.3 %

Tesla stock opened at $248.98 on Friday. The business’s 50-day simple moving average is $234.14 and its 200-day simple moving average is $210.76. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $273.54. The firm has a market capitalization of $799.24 billion, a PE ratio of 68.21, a PEG ratio of 8.24 and a beta of 2.29. 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 (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. During the same period in the previous year, the business posted $0.53 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts forecast that Tesla, Inc. will post 1.96 earnings per share for the current year.

Tesla 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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