Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Realta Investment Advisors

Realta Investment Advisors trimmed its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 52.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,613 shares of the electric vehicle producer's stock after selling 12,622 shares during the quarter. Tesla makes up 1.4% of Realta Investment Advisors' investment portfolio, making the stock its 11th largest position. Realta Investment Advisors' holdings in Tesla were worth $3,038,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Tesla by 60.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 549,008 shares of the electric vehicle producer's stock valued at $108,638,000 after purchasing an additional 206,248 shares during the last quarter. Morse Asset Management Inc boosted its holdings in shares of Tesla by 138.1% in the 2nd quarter. Morse Asset Management Inc now owns 5,969 shares of the electric vehicle producer's stock valued at $1,181,000 after buying an additional 3,462 shares in the last quarter. Gladstone Institutional Advisory LLC grew its position in shares of Tesla by 6.5% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 43,377 shares of the electric vehicle producer's stock valued at $11,349,000 after buying an additional 2,664 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Tesla by 34.1% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,166 shares of the electric vehicle producer's stock worth $1,087,000 after acquiring an additional 1,059 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in Tesla by 12.9% in the second quarter. NewEdge Advisors LLC now owns 236,802 shares of the electric vehicle producer's stock valued at $46,858,000 after acquiring an additional 27,130 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 4,000 shares of the company's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares of the company's stock, valued at $26,258,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $14,967,479.07. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,297 shares of company stock valued at $3,065,866. Corporate insiders own 20.70% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TSLA. 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. Glj Research restated a "sell" rating and set a $24.86 price target on shares of Tesla in a research note on Thursday, October 17th. Phillip Securities upgraded Tesla to a "moderate sell" rating in a research note on Friday, October 25th. Morgan Stanley restated an "overweight" rating and set a $310.00 target price on shares of Tesla in a research report on Thursday, October 3rd. Finally, Robert W. Baird reiterated an "outperform" rating and issued a $280.00 price target on shares of Tesla in a research report on Tuesday, August 20th. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Tesla currently has a consensus rating of "Hold" and a consensus target price of $219.45.

Tesla Price Performance

NASDAQ TSLA traded down $0.87 during trading hours on Friday, reaching $248.98. The company's stock had a trading volume of 57,544,757 shares, compared to its average volume of 82,442,504. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The company's 50-day moving average is $234.14 and its two-hundred day moving average is $210.76. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $273.54. The stock has a market cap of $799.24 billion, a PE ratio of 68.21, a PEG ratio of 8.24 and a beta of 2.29.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. During the same period in the prior year, the business earned $0.53 earnings per share. The company's quarterly revenue was up 7.8% on a year-over-year basis. Analysts forecast that Tesla, Inc. will post 1.96 EPS for the current year.

About Tesla

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.