Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC cut its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 56.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,095 shares of the electric vehicle producer's stock after selling 36,106 shares during the quarter. Ameritas Advisory Services LLC's holdings in Tesla were worth $7,350,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Integris Wealth Management LLC grew its holdings in Tesla by 1.0% in the second quarter. Integris Wealth Management LLC now owns 4,065 shares of the electric vehicle producer's stock valued at $804,000 after purchasing an additional 42 shares during the period. Sherrill & Hutchins Financial Advisory Inc grew its stake in Tesla by 1.4% in the 3rd quarter. Sherrill & Hutchins Financial Advisory Inc now owns 3,058 shares of the electric vehicle producer's stock valued at $800,000 after acquiring an additional 43 shares during the period. Echo Wealth Management LLC increased its holdings in Tesla by 0.7% in the 2nd quarter. Echo Wealth Management LLC now owns 6,474 shares of the electric vehicle producer's stock worth $1,281,000 after acquiring an additional 44 shares in the last quarter. WASHINGTON TRUST Co lifted its holdings in Tesla by 3.2% during the second quarter. WASHINGTON TRUST Co now owns 1,433 shares of the electric vehicle producer's stock valued at $284,000 after purchasing an additional 45 shares in the last quarter. Finally, Bellevue Asset Management LLC grew its position in shares of Tesla by 1.6% in the second quarter. Bellevue Asset Management LLC now owns 2,868 shares of the electric vehicle producer's stock valued at $568,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TSLA. Jefferies Financial Group raised their price target on shares of Tesla from $165.00 to $195.00 and gave the company a "hold" rating in a research note on Monday, October 21st. Wolfe Research began coverage on Tesla in a research note on Thursday, September 5th. They issued a "peer perform" rating on the stock. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research note on Thursday, October 24th. Oppenheimer restated a "market perform" rating on shares of Tesla in a report on Tuesday, October 8th. Finally, Argus reaffirmed a "buy" rating and set a $286.00 target price on shares of Tesla in a report on Friday, July 26th. Eight investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $219.45.

Insider Buying and Selling

In other Tesla news, Director Kimbal Musk sold 60,500 shares of the company's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $250.23, for a total value of $15,138,915.00. Following the completion of the transaction, the director now owns 1,563,220 shares in the company, valued at $391,164,540.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the firm's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the transaction, the senior vice president now directly 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kimbal Musk sold 60,500 shares of the company'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 completion of the sale, the director now directly owns 1,563,220 shares of the company's stock, valued at $391,164,540.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,797 shares of company stock worth $19,211,821 in the last ninety days. 20.70% of the stock is owned by corporate insiders.

Tesla Stock Up 3.5 %

Shares of TSLA stock traded up $8.60 on Tuesday, reaching $251.44. 66,869,483 shares of the stock were exchanged, compared to its average volume of 93,929,164. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $273.54. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $807.14 billion, a price-to-earnings ratio of 68.89, a PEG ratio of 8.21 and a beta of 2.29. The business's 50 day moving average price is $235.57 and its 200 day moving average price is $212.54.

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 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 quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. As a group, sell-side analysts expect that Tesla, Inc. will post 1.96 earnings per share for the current fiscal year.

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.