Impact Partnership Wealth LLC Has $1.06 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Impact Partnership Wealth LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 212.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,062 shares of the electric vehicle producer's stock after purchasing an additional 2,763 shares during the period. Impact Partnership Wealth LLC's holdings in Tesla were worth $1,063,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Bank & Trust Co acquired a new stake in shares of Tesla in the 2nd quarter valued at approximately $25,000. Clean Yield Group lifted its stake in Tesla by 60.0% in the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock valued at $33,000 after acquiring an additional 48 shares during the last quarter. Abich Financial Wealth Management LLC increased its stake in shares of Tesla by 168.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer's stock worth $26,000 after purchasing an additional 81 shares during the last quarter. Valley Wealth Managers Inc. acquired a new stake in Tesla in the 2nd quarter valued at about $26,000. Finally, M&R Capital Management Inc. boosted its stake in shares of Tesla by 263.2% during the 3rd quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer's stock worth $36,000 after acquiring an additional 100 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSLA has been the topic of several research analyst reports. Argus reissued a "buy" rating and issued a $286.00 price target on shares of Tesla in a report on Friday, July 26th. Truist Financial boosted their price target on Tesla from $236.00 to $238.00 and gave the company a "hold" rating in a research note on Thursday. Canaccord Genuity Group increased their price objective on Tesla from $254.00 to $278.00 and gave the stock a "buy" rating in a research report on Thursday. Jefferies Financial Group raised their price target on shares of Tesla from $165.00 to $195.00 and gave the stock a "hold" rating in a research report on Monday. Finally, Wells Fargo & Company increased their target price on shares of Tesla from $120.00 to $125.00 and gave the stock an "underweight" rating in a research report on Thursday. Eight investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Tesla has an average rating of "Hold" and an average price target of $216.87.

Tesla Trading Up 16.5 %

Shares of TSLA stock traded up $35.29 during trading hours on Thursday, hitting $248.94. 43,156,824 shares of the company's stock traded hands, compared to its average volume of 93,576,203. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $271.00. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. The stock's 50 day simple moving average is $228.54 and its 200 day simple moving average is $206.41. The stock has a market cap of $795.27 billion, a PE ratio of 69.83, a price-to-earnings-growth ratio of 6.24 and a beta of 2.29.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.10). Tesla had a return on equity of 10.41% and a net margin of 13.00%. The firm had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. During the same quarter last year, the company earned $0.78 earnings per share. The company's quarterly revenue was up 2.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Tesla, Inc. will post 1.75 EPS for the current year.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 8,000 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,258,000. 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 the SEC website. In other news, CFO Vaibhav Taneja sold 8,000 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,258,000. 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 the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the sale, the senior vice president now owns 67,491 shares of the company's stock, valued at approximately $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 20.70% of the stock is currently owned by corporate insiders.

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.

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