Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Maxwell Wealth Strategies Inc.

Maxwell Wealth Strategies Inc. lifted its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 580.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,957 shares of the electric vehicle producer's stock after purchasing an additional 7,640 shares during the quarter. Maxwell Wealth Strategies Inc.'s holdings in Tesla were worth $2,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings in shares of Tesla by 35,611.2% in 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 during the period. Clean Energy Transition LLP grew its stake in shares of Tesla by 347.7% during the 2nd quarter. Clean Energy Transition LLP now owns 4,818,600 shares of the electric vehicle producer's stock valued at $953,505,000 after purchasing an additional 6,764,300 shares during the period. Strategic Financial Concepts LLC increased its position in shares of Tesla by 21,816.0% during the 2nd 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 purchasing an additional 5,875,484 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Tesla by 236.8% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,104,010 shares of the electric vehicle producer's stock worth $416,341,000 after buying an additional 1,479,378 shares during the last quarter. Finally, Swedbank AB bought a new stake in Tesla during the first quarter valued at approximately $187,775,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TSLA. Stifel Nicolaus lifted their price target on shares of Tesla from $265.00 to $287.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Roth Mkm reissued a "neutral" rating and set a $85.00 price target on shares of Tesla in a report on Friday, October 11th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $245.00 price objective on shares of Tesla in a research note on Wednesday, October 23rd. HSBC reiterated a "reduce" rating and set a $124.00 price objective on shares of Tesla in a research note on Friday, October 11th. Finally, Phillip Securities cut shares of Tesla from a "moderate sell" rating to a "strong sell" rating in a research note on Wednesday. Nine analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, Tesla currently has an average rating of "Hold" and an average price target of $230.18.

Tesla Trading Up 3.1 %

Shares of TSLA traded up $9.54 during mid-day trading on Friday, reaching $320.72. 114,440,286 shares of the company's stock traded hands, compared to its average volume of 96,026,047. 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 stock's 50-day moving average is $252.30 and its two-hundred day moving average is $220.46. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $358.64. The stock has a market cap of $1.03 trillion, a P/E ratio of 87.87, a P/E/G ratio of 10.73 and a beta of 2.29.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.14. The business had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The business's revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 earnings per share. Research analysts forecast that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction 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 transaction, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. This trade represents a 0.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company's stock in a transaction 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 sale, the director now owns 5,400 shares of the company's stock, valued at $1,868,508. This trade represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 188,797 shares of company stock valued at $57,616,781 in the last three months. Company insiders own 20.70% of the company's stock.

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.