Prospera Financial Services Inc Purchases 25,188 Shares of Tesla, Inc. (NASDAQ:TSLA)

Prospera Financial Services Inc raised its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 78.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,369 shares of the electric vehicle producer's stock after buying an additional 25,188 shares during the period. Prospera Financial Services Inc's holdings in Tesla were worth $15,009,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank & Trust Co bought a new position in shares of Tesla during the second quarter worth approximately $25,000. Valley Wealth Managers Inc. acquired a new stake in Tesla during the second quarter worth approximately $26,000. Abich Financial Wealth Management LLC grew its position in Tesla by 168.8% during the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer's stock worth $26,000 after buying an additional 81 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in Tesla during the third quarter worth approximately $29,000. Finally, Clean Yield Group grew its position in Tesla by 60.0% during the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock worth $33,000 after buying an additional 48 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. HSBC reissued a "reduce" rating and set a $124.00 price target on shares of Tesla in a research report on Friday, October 11th. Jefferies Financial Group raised their target price on Tesla from $195.00 to $300.00 and gave the company a "hold" rating in a report on Thursday, November 14th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $245.00 target price on shares of Tesla in a report on Wednesday, October 23rd. Guggenheim raised their target price on Tesla from $153.00 to $156.00 and gave the company a "sell" rating in a report on Thursday, October 24th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Tesla in a report on Thursday, October 24th. Nine investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $230.18.

Tesla Stock Performance

Shares of TSLA stock traded up $6.36 during trading on Tuesday, hitting $345.10. The company's stock had a trading volume of 59,978,215 shares, compared to its average volume of 96,003,031. The business has a fifty day moving average of $254.75 and a 200-day moving average of $222.13. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $358.64. The company has a market cap of $1.11 trillion, a PE ratio of 94.55, a P/E/G ratio of 10.42 and a beta of 2.29. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.14. The business had revenue of $25.18 billion during 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 was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 earnings per share. As a group, research analysts anticipate that Tesla, Inc. will post 1.99 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of the 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 in the company, valued at approximately $1,868,508. This trade represents a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kimbal Musk sold 60,500 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $250.23, for a total value of $15,138,915.00. Following the completion of the sale, the director now owns 1,563,220 shares in the company, valued at $391,164,540.60. This trade represents a 3.73 % decrease in their position. 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 90 days. Corporate 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.