Tesla, Inc. (NASDAQ:TSLA) is San Luis Wealth Advisors LLC’s 3rd Largest Position

San Luis Wealth Advisors LLC increased its stake in shares of Tesla, Inc. (NASDAQ:TSLAGet Rating) by 242.2% in the 3rd quarter, Holdings Channel reports. The firm owned 18,166 shares of the electric vehicle producer’s stock after buying an additional 12,858 shares during the period. Tesla accounts for approximately 5.0% of San Luis Wealth Advisors LLC’s holdings, making the stock its 3rd biggest position. San Luis Wealth Advisors LLC’s holdings in Tesla were worth $4,819,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Horan Securities Inc. raised its holdings in shares of Tesla by 164.3% during the second quarter. Horan Securities Inc. now owns 37 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 23 shares during the last quarter. TFO TDC LLC bought a new position in shares of Tesla in the second quarter worth approximately $27,000. BCR Wealth Strategies LLC boosted its position in shares of Tesla by 916.7% in the second quarter. BCR Wealth Strategies LLC now owns 61 shares of the electric vehicle producer’s stock worth $41,000 after purchasing an additional 55 shares during the period. Clearview Wealth Advisors LLC boosted its position in shares of Tesla by 48.8% in the second quarter. Clearview Wealth Advisors LLC now owns 64 shares of the electric vehicle producer’s stock worth $43,000 after purchasing an additional 21 shares during the period. Finally, Global Trust Asset Management LLC boosted its position in shares of Tesla by 142.9% in the second quarter. Global Trust Asset Management LLC now owns 68 shares of the electric vehicle producer’s stock worth $46,000 after purchasing an additional 40 shares during the period. 43.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Zachary Kirkhorn sold 3,751 shares of Tesla stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $222.50, for a total value of $834,597.50. Following the completion of the sale, the chief financial officer now directly owns 185,276 shares in the company, valued at approximately $41,223,910. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tesla news, CEO Elon Musk sold 9,650,000 shares of the firm’s stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $208.58, for a total transaction of $2,012,797,000.00. Following the completion of the transaction, the chief executive officer now directly owns 455,467,432 shares of the company’s stock, valued at approximately $95,001,396,966.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Zachary Kirkhorn sold 3,751 shares of the firm’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $222.50, for a total transaction of $834,597.50. Following the transaction, the chief financial officer now directly owns 185,276 shares of the company’s stock, valued at $41,223,910. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,172,833 shares of company stock worth $4,492,567,309. Corporate insiders own 25.10% of the company’s stock.

Tesla Stock Up 3.7 %

Shares of Tesla stock opened at $123.22 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.46 and a quick ratio of 1.04. Tesla, Inc. has a 1 year low of $101.81 and a 1 year high of $384.29. The firm’s 50-day moving average is $160.45 and its two-hundred day moving average is $227.04. The stock has a market cap of $389.10 billion, a price-to-earnings ratio of 38.07, a PEG ratio of 0.93 and a beta of 2.02.

Tesla (NASDAQ:TSLAGet Rating) last released its quarterly earnings results on Wednesday, October 19th. The electric vehicle producer reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. Tesla had a net margin of 14.95% and a return on equity of 31.10%. The business had revenue of $21.45 billion for the quarter, compared to analysts’ expectations of $21.96 billion. During the same period last year, the business earned $0.48 EPS. The company’s revenue was up 55.9% compared to the same quarter last year. As a group, research analysts expect that Tesla, Inc. will post 3.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TSLA. Daiwa Capital Markets dropped their price target on shares of Tesla from $240.00 to $177.00 and set an “outperform” rating for the company in a research report on Tuesday, December 20th. Citigroup upgraded shares of Tesla from a “sell” rating to a “neutral” rating and upped their price target for the stock from $141.33 to $176.00 in a research report on Wednesday, November 23rd. Mizuho dropped their target price on shares of Tesla from $285.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, January 5th. Royal Bank of Canada dropped their target price on shares of Tesla from $225.00 to $186.00 in a research report on Tuesday, January 3rd. Finally, Wells Fargo & Company dropped their target price on shares of Tesla from $280.00 to $230.00 and set an “equal weight” rating for the company in a research report on Friday, October 14th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $230.20.

Tesla Profile

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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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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