Legacy Capital Wealth Partners LLC Has $1.27 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Legacy Capital Wealth Partners LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 93.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,870 shares of the electric vehicle producer's stock after buying an additional 2,355 shares during the period. Legacy Capital Wealth Partners LLC's holdings in Tesla were worth $1,274,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Tesla by 1.7% in the first quarter. Vanguard Group Inc. now owns 233,602,120 shares of the electric vehicle producer's stock worth $41,064,917,000 after purchasing an additional 3,795,748 shares during the period. International Assets Investment Management LLC raised its position in shares of Tesla by 35,611.2% during the 3rd quarter. International Assets Investment Management LLC now owns 11,054,391 shares of the electric vehicle producer's stock worth $2,892,160,000 after buying an additional 11,023,436 shares in the last quarter. Strategic Financial Concepts LLC lifted its stake in shares of Tesla by 21,816.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 5,902,416 shares of the electric vehicle producer's stock worth $1,167,970,000 after acquiring an additional 5,875,484 shares during the period. ARK Investment Management LLC increased its stake in shares of Tesla by 2.6% during the second quarter. ARK Investment Management LLC now owns 5,314,395 shares of the electric vehicle producer's stock valued at $1,051,613,000 after acquiring an additional 135,966 shares during the period. Finally, National Pension Service raised its holdings in Tesla by 15.3% during the third quarter. National Pension Service now owns 5,182,657 shares of the electric vehicle producer's stock worth $1,355,939,000 after purchasing an additional 688,717 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Performance

Shares of TSLA traded up $24.31 during trading hours on Friday, reaching $321.22. 204,782,763 shares of the company traded hands, compared to its average volume of 88,324,920. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $328.71. 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 stock has a market cap of $1.03 trillion, a P/E ratio of 88.01, a price-to-earnings-growth ratio of 10.59 and a beta of 2.29. The stock's fifty day moving average is $241.18 and its 200 day moving average is $215.39.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.14. The company had revenue of $25.18 billion during the quarter, compared to analysts' expectations of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business's revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 EPS. Equities research analysts anticipate that Tesla, Inc. will post 1.96 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other news, 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 transaction of $15,138,915.00. Following the sale, the director now owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Kimbal Musk sold 60,500 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 1,563,220 shares in the company, valued at $391,164,540.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $251.76, for a total transaction of $1,007,040.00. Following the sale, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at approximately $26,442,856.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,797 shares of company stock worth $19,211,821 over the last ninety days. Corporate insiders own 20.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TSLA. Cantor Fitzgerald reiterated a "neutral" rating and set a $245.00 price target on shares of Tesla in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $295.00 price objective on shares of Tesla in a research report on Tuesday, September 10th. Truist Financial boosted their target price on Tesla from $236.00 to $238.00 and gave the stock a "hold" rating in a research report on Thursday, October 24th. StockNews.com upgraded Tesla from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their price objective on Tesla from $130.00 to $135.00 and gave the stock an "underweight" rating in a report on Thursday, October 24th. Eight research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $222.03.

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.