Leibman Financial Services Inc. Cuts Position in Tesla, Inc. (NASDAQ:TSLA)

Leibman Financial Services Inc. lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 62.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,202 shares of the electric vehicle producer's stock after selling 7,028 shares during the period. Leibman Financial Services Inc.'s holdings in Tesla were worth $1,697,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TSLA. World Investment Advisors LLC grew its holdings in Tesla by 1,248.9% during the 3rd quarter. World Investment Advisors LLC now owns 199,229 shares of the electric vehicle producer's stock valued at $52,124,000 after purchasing an additional 184,459 shares during the last quarter. Destination Wealth Management lifted its position in shares of Tesla by 12.1% during the third quarter. Destination Wealth Management now owns 12,597 shares of the electric vehicle producer's stock worth $3,296,000 after purchasing an additional 1,359 shares during the last quarter. Vinva Investment Management Ltd boosted its stake in shares of Tesla by 59.2% during the third quarter. Vinva Investment Management Ltd now owns 117,457 shares of the electric vehicle producer's stock valued at $30,593,000 after purchasing an additional 43,685 shares during the period. MML Investors Services LLC grew its holdings in shares of Tesla by 3.3% in the third quarter. MML Investors Services LLC now owns 309,382 shares of the electric vehicle producer's stock worth $80,944,000 after purchasing an additional 9,919 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in Tesla by 1.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 144,482 shares of the electric vehicle producer's stock worth $37,801,000 after buying an additional 1,741 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Kimbal Musk sold 60,500 shares of the business's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the transaction, the director now owns 1,563,220 shares of the company's stock, valued at approximately $391,164,540.60. The trade was a 3.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the sale, the director now owns 5,400 shares of the company's stock, valued at approximately $1,868,508. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 621,886 shares of company stock valued at $213,451,751. Insiders own 20.70% of the company's stock.

Tesla Stock Performance

NASDAQ:TSLA opened at $396.36 on Wednesday. The company has a market cap of $1.27 trillion, a P/E ratio of 108.59, a P/E/G ratio of 10.80 and a beta of 2.30. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $488.54. The company's 50-day moving average price is $382.71 and its 200-day moving average price is $284.69. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.14. The business had revenue of $25.18 billion for 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%. During the same period in the previous year, the firm posted $0.53 EPS. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, sell-side analysts forecast that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. StockNews.com raised shares of Tesla from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th. Guggenheim boosted their price target on Tesla from $156.00 to $175.00 and gave the company a "sell" rating in a report on Thursday, December 5th. Piper Sandler raised their price objective on Tesla from $310.00 to $315.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Roth Capital upgraded Tesla from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. Finally, Jefferies Financial Group lifted their price objective on Tesla from $195.00 to $300.00 and gave the company a "hold" rating in a report on Thursday, November 14th. Nine analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Tesla currently has a consensus rating of "Hold" and an average price target of $296.60.

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.