Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Semus Wealth Partners LLC

Semus Wealth Partners LLC decreased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 12.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,042 shares of the electric vehicle producer's stock after selling 2,153 shares during the period. Tesla accounts for about 2.8% of Semus Wealth Partners LLC's investment portfolio, making the stock its 6th largest position. Semus Wealth Partners LLC's holdings in Tesla were worth $3,935,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Napa Wealth Management grew its holdings in shares of Tesla by 994.9% in the third quarter. Napa Wealth Management now owns 14,967 shares of the electric vehicle producer's stock valued at $3,916,000 after purchasing an additional 13,600 shares in the last quarter. Cassaday & Co Wealth Management LLC grew its holdings in shares of Tesla by 0.6% in the third quarter. Cassaday & Co Wealth Management LLC now owns 13,752 shares of the electric vehicle producer's stock valued at $3,598,000 after purchasing an additional 79 shares in the last quarter. Drive Wealth Management LLC boosted its stake in Tesla by 13.1% during the third quarter. Drive Wealth Management LLC now owns 8,389 shares of the electric vehicle producer's stock worth $2,195,000 after buying an additional 970 shares during the period. Strengthening Families & Communities LLC boosted its stake in Tesla by 6.3% during the third quarter. Strengthening Families & Communities LLC now owns 12,396 shares of the electric vehicle producer's stock worth $3,243,000 after buying an additional 736 shares during the period. Finally, Holistic Financial Partners boosted its stake in Tesla by 1.0% during the third quarter. Holistic Financial Partners now owns 4,055 shares of the electric vehicle producer's stock worth $1,061,000 after buying an additional 40 shares during the period. Institutional investors own 66.20% of the company's stock.

Insider Activity at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the business'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 value of $65,865.69. Following the completion of the transaction, the senior vice president now directly owns 67,491 shares of the company's stock, valued at approximately $14,967,479.07. The trade was a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $350.00, for a total value of $1,400,000.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at $36,761,200. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 188,797 shares of company stock worth $57,616,781 over the last quarter. Insiders own 20.70% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. HSBC reaffirmed a "reduce" rating and set a $124.00 price objective on shares of Tesla in a research note on Friday, October 11th. Sanford C. Bernstein reaffirmed an "underperform" rating and set a $120.00 price objective on shares of Tesla in a research note on Thursday, October 3rd. Robert W. Baird reiterated an "outperform" rating and set a $280.00 target price on shares of Tesla in a research report on Tuesday, August 20th. Roth Mkm reiterated a "neutral" rating and set a $85.00 target price on shares of Tesla in a research report on Friday, October 11th. Finally, Argus reiterated a "buy" rating and set a $286.00 target price on shares of Tesla in a research report on Friday, July 26th. Nine equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Tesla currently has a consensus rating of "Hold" and a consensus target price of $230.18.

Tesla Stock Performance

NASDAQ TSLA traded up $18.02 during trading hours on Monday, reaching $338.74. The stock had a trading volume of 125,552,039 shares, compared to its average volume of 96,160,109. The stock has a fifty day moving average of $252.30 and a 200 day moving average of $221.01. The stock has a market cap of $1.09 trillion, a P/E ratio of 94.60, a price-to-earnings-growth ratio of 10.42 and a beta of 2.29. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $358.64. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.14. The firm 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%. Tesla's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Sell-side analysts predict that Tesla, Inc. will post 1.99 earnings per share for the current year.

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.