Vishria Bird Financial Group LLC Increases Holdings in Tesla, Inc. (NASDAQ:TSLA)

Vishria Bird Financial Group LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 32.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 541 shares of the electric vehicle producer’s stock after acquiring an additional 132 shares during the quarter. Vishria Bird Financial Group LLC’s holdings in Tesla were worth $420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. NZS Capital LLC bought a new position in shares of Tesla during the 2nd quarter worth $9,359,000. Geode Capital Management LLC grew its stake in shares of Tesla by 2.8% during the 2nd quarter. Geode Capital Management LLC now owns 12,311,100 shares of the electric vehicle producer’s stock worth $8,342,557,000 after acquiring an additional 339,745 shares during the period. Stevard LLC bought a new position in shares of Tesla during the 2nd quarter worth $1,907,000. Brookstone Capital Management bought a new position in shares of Tesla during the 2nd quarter worth $7,747,000. Finally, Capital Asset Advisory Services LLC grew its stake in shares of Tesla by 33.7% during the 2nd quarter. Capital Asset Advisory Services LLC now owns 3,100 shares of the electric vehicle producer’s stock worth $2,107,000 after acquiring an additional 781 shares during the period. 39.18% of the stock is owned by hedge funds and other institutional investors.

Shares of TSLA stock opened at $1,081.92 on Friday. The firm has a market cap of $1.09 trillion, a P/E ratio of 350.14, a P/E/G ratio of 6.72 and a beta of 2.00. Tesla, Inc. has a fifty-two week low of $539.49 and a fifty-two week high of $1,243.49. The business’s 50 day moving average price is $953.77 and its 200-day moving average price is $766.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.39.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Tuesday, October 19th. The electric vehicle producer reported $1.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.90. The firm had revenue of $13.76 billion for the quarter, compared to analyst estimates of $13.70 billion. Tesla had a return on equity of 13.81% and a net margin of 7.40%. The business’s quarterly revenue was up 56.8% compared to the same quarter last year. During the same period last year, the company earned $0.27 EPS. As a group, equities analysts predict that Tesla, Inc. will post 4.1 EPS for the current year.

In related news, CEO Elon Musk sold 1,200,000 shares of Tesla stock in a transaction that occurred on Friday, November 12th. The stock was sold at an average price of $1,029.67, for a total transaction of $1,235,604,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Andrew D. Baglino sold 896 shares of the business’s stock in a transaction on Tuesday, September 7th. The stock was sold at an average price of $752.90, for a total value of $674,598.40. Following the completion of the sale, the senior vice president now directly owns 18,420 shares in the company, valued at $13,868,418. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,571,831 shares of company stock worth $2,787,388,274. Corporate insiders own 25.00% of the company’s stock.

Several brokerages have commented on TSLA. Robert W. Baird raised their target price on Tesla from $764.00 to $888.00 and gave the stock an “outperform” rating in a research note on Thursday, October 21st. Bank of America lifted their price target on Tesla from $1,000.00 to $1,200.00 and gave the company a “neutral” rating in a research report on Wednesday, November 10th. They noted that the move was a valuation call. Morgan Stanley lifted their price target on Tesla from $900.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Monday, October 25th. Credit Suisse Group lifted their price target on Tesla from $800.00 to $830.00 and gave the company a “neutral” rating in a research report on Thursday, October 21st. Finally, Needham & Company LLC reiterated a “sell” rating on shares of Tesla in a research report on Wednesday, October 6th. Ten equities research analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $754.40.

Tesla Profile

Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The company operates through the following segments: Automotive and Energy Generation and Storage.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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