OneDigital Investment Advisors LLC Purchases 2,818 Shares of Tesla, Inc. (NASDAQ:TSLA)

OneDigital Investment Advisors LLC raised its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 6.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,330 shares of the electric vehicle producer's stock after acquiring an additional 2,818 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Tesla were worth $11,598,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bank & Trust Co purchased a new stake in Tesla in the 2nd quarter valued at approximately $25,000. Valley Wealth Managers Inc. purchased a new position in Tesla in the 2nd quarter valued at about $26,000. Abich Financial Wealth Management LLC grew its position in shares of Tesla by 168.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer's stock worth $26,000 after acquiring an additional 81 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in Tesla in the third quarter valued at $29,000. Finally, Clean Yield Group raised its holdings 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 purchasing an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Stock Up 3.1 %

Shares of Tesla stock traded up $9.54 during trading hours on Friday, hitting $320.72. 114,160,487 shares of the company's stock traded hands, compared to its average volume of 96,026,047. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $358.64. The stock has a 50 day simple moving average of $250.10 and a 200-day simple moving average of $219.58. The company has a market cap of $1.03 trillion, a PE ratio of 87.49, a PEG ratio of 10.73 and a beta of 2.29.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.14. The business had revenue of $25.18 billion for the quarter, compared to analysts' expectations 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 period in the prior year, the firm earned $0.53 EPS. Equities research analysts anticipate that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the transaction, the senior vice president now owns 67,491 shares of the company's stock, valued at approximately $14,967,479.07. This represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $350.00, for a total transaction of $1,400,000.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at $36,761,200. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 188,797 shares of company stock worth $57,616,781. Corporate insiders own 20.70% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on TSLA shares. JPMorgan Chase & Co. increased their price target on shares of Tesla from $130.00 to $135.00 and gave the stock an "underweight" rating in a research note on Thursday, October 24th. Wolfe Research started coverage on Tesla in a report on Thursday, September 5th. They set a "peer perform" rating for the company. KGI Securities upgraded shares of Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 price target for the company in a research report on Thursday, October 24th. Argus reiterated a "buy" rating and issued a $286.00 price objective on shares of Tesla in a research report on Friday, July 26th. Finally, Oppenheimer reissued a "market perform" rating on shares of Tesla in a research report on Tuesday, October 8th. Nine investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Tesla presently has a consensus rating of "Hold" and an average target price of $230.18.

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.