Atlanta Consulting Group Advisors LLC Acquires New Stake in Tesla, Inc. (NASDAQ:TSLA)

Atlanta Consulting Group Advisors LLC purchased a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,314 shares of the electric vehicle producer's stock, valued at approximately $1,914,000.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in shares of Tesla by 35,611.2% during the third quarter. International Assets Investment Management LLC now owns 11,054,391 shares of the electric vehicle producer's stock worth $2,892,160,000 after acquiring an additional 11,023,436 shares in the last quarter. Clean Energy Transition LLP lifted its stake in Tesla by 347.7% in the second quarter. Clean Energy Transition LLP now owns 4,818,600 shares of the electric vehicle producer's stock worth $953,505,000 after purchasing an additional 6,764,300 shares during the last quarter. Strategic Financial Concepts LLC boosted its position in Tesla by 21,816.0% during the second quarter. Strategic Financial Concepts LLC now owns 5,902,416 shares of the electric vehicle producer's stock valued at $1,167,970,000 after buying an additional 5,875,484 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Tesla by 236.8% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,104,010 shares of the electric vehicle producer's stock valued at $416,341,000 after buying an additional 1,479,378 shares during the last quarter. Finally, Swedbank AB purchased a new position in shares of Tesla in the first quarter worth about $187,775,000. Institutional investors own 66.20% of the company's stock.

Insider Transactions at Tesla

In other news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction that occurred 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 owns 67,491 shares in the company, valued at approximately $14,967,479.07. The trade was a 0.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the transaction, the director now owns 5,400 shares of the company's stock, valued at approximately $1,868,508. This trade represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 188,797 shares of company stock worth $57,616,781. 20.70% of the stock is currently owned by company insiders.

Tesla Trading Up 3.1 %

TSLA traded up $9.54 on Friday, hitting $320.72. The company had a trading volume of 114,440,286 shares, compared to its average volume of 109,566,312. The company has a market cap of $1.03 trillion, a PE ratio of 87.87, a PEG ratio of 10.42 and a beta of 2.29. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The business's fifty day simple moving average is $252.30 and its 200 day simple moving average is $220.72. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $358.64.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.14. The firm 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 company's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. Equities research analysts expect that Tesla, Inc. will post 1.99 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TSLA. Argus restated a "buy" rating and set a $286.00 price target on shares of Tesla in a research report on Friday, July 26th. Sanford C. Bernstein reaffirmed an "underperform" rating and issued a $120.00 target price on shares of Tesla in a research note on Thursday, October 3rd. Guggenheim increased their price target on shares of Tesla from $153.00 to $156.00 and gave the company a "sell" rating in a research report on Thursday, October 24th. Cantor Fitzgerald restated a "neutral" rating and issued a $245.00 price objective on shares of Tesla in a research report on Wednesday, October 23rd. Finally, KGI Securities raised shares of Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 price objective for the company in a research note on Thursday, October 24th. Nine analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $230.18.

Tesla 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.