Aptus Capital Advisors LLC Raises Holdings in Tesla, Inc. (NASDAQ:TSLA)

Aptus Capital Advisors LLC grew its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 15.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 126,686 shares of the electric vehicle producer's stock after purchasing an additional 17,018 shares during the quarter. Aptus Capital Advisors LLC's holdings in Tesla were worth $33,145,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Tyler Stone Wealth Management grew its position in Tesla by 109.6% during the 3rd quarter. Tyler Stone Wealth Management now owns 9,425 shares of the electric vehicle producer's stock worth $2,466,000 after purchasing an additional 4,929 shares during the last quarter. Savvy Advisors Inc. grew its holdings in shares of Tesla by 24.2% during the third quarter. Savvy Advisors Inc. now owns 7,527 shares of the electric vehicle producer's stock valued at $1,969,000 after buying an additional 1,467 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Tesla by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer's stock valued at $955,052,000 after acquiring an additional 194,796 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Tesla by 60.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 549,008 shares of the electric vehicle producer's stock worth $108,638,000 after acquiring an additional 206,248 shares during the last quarter. Finally, Scott & Selber Inc. grew its stake in Tesla by 80.3% during the 3rd quarter. Scott & Selber Inc. now owns 12,659 shares of the electric vehicle producer's stock valued at $3,312,000 after purchasing an additional 5,639 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TSLA shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $295.00 target price on shares of Tesla in a research report on Tuesday, September 10th. Robert W. Baird reiterated an "outperform" rating and issued a $280.00 price objective on shares of Tesla in a research note on Tuesday, August 20th. Sanford C. Bernstein reaffirmed an "underperform" rating and issued a $120.00 price target on shares of Tesla in a report on Thursday, October 3rd. Royal Bank of Canada lifted their price objective on Tesla from $236.00 to $249.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, Roth Mkm reissued a "neutral" rating and issued a $85.00 price objective on shares of Tesla in a report on Friday, October 11th. Eight equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Tesla currently has an average rating of "Hold" and a consensus target price of $225.06.

Insiders Place Their Bets

In related news, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $250.23, for a total value of $15,138,915.00. Following the completion of the transaction, the director now owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $251.76, for a total value of $1,007,040.00. Following the transaction, the chief financial officer now owns 105,032 shares of the company's stock, valued at $26,442,856.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kimbal Musk sold 60,500 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $250.23, for a total value of $15,138,915.00. Following the completion of the transaction, the director now owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,797 shares of company stock worth $19,211,821 over the last three months. Company insiders own 20.70% of the company's stock.

Tesla Trading Down 6.1 %

Shares of TSLA stock traded down $21.51 during trading hours on Tuesday, hitting $328.49. The company had a trading volume of 153,698,466 shares, compared to its average volume of 95,685,164. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $358.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The company's fifty day moving average is $243.90 and its 200 day moving average is $217.03. The stock has a market capitalization of $1.05 trillion, a PE ratio of 94.16, a price-to-earnings-growth ratio of 10.59 and a beta of 2.29.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The business had revenue of $25.18 billion during the quarter, compared to analysts' expectations of $25.47 billion. During the same period in the previous year, the firm posted $0.53 earnings per share. The company's revenue was up 7.8% on a year-over-year basis. Research analysts expect that Tesla, Inc. will post 1.96 earnings per share for the current fiscal year.

Tesla Company Profile

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.