Liberty Wealth Management LLC Sells 7,412 Shares of Tesla, Inc. (NASDAQ:TSLA)

Liberty Wealth Management LLC decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 29.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,878 shares of the electric vehicle producer's stock after selling 7,412 shares during the period. Liberty Wealth Management LLC's holdings in Tesla were worth $4,678,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TSLA. Integris Wealth Management LLC boosted its holdings in shares of Tesla by 1.0% during the 2nd quarter. Integris Wealth Management LLC now owns 4,065 shares of the electric vehicle producer's stock valued at $804,000 after buying an additional 42 shares in the last quarter. Sherrill & Hutchins Financial Advisory Inc boosted its stake in Tesla by 1.4% during the third quarter. Sherrill & Hutchins Financial Advisory Inc now owns 3,058 shares of the electric vehicle producer's stock worth $800,000 after acquiring an additional 43 shares in the last quarter. Echo Wealth Management LLC grew its holdings in Tesla by 0.7% in the second quarter. Echo Wealth Management LLC now owns 6,474 shares of the electric vehicle producer's stock worth $1,281,000 after purchasing an additional 44 shares during the period. Essex Savings Bank increased its stake in shares of Tesla by 1.4% during the third quarter. Essex Savings Bank now owns 3,128 shares of the electric vehicle producer's stock valued at $818,000 after purchasing an additional 44 shares in the last quarter. Finally, WASHINGTON TRUST Co lifted its holdings in shares of 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 during the last quarter. 66.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TSLA has been the subject of a number of analyst reports. Piper Sandler raised their price objective on Tesla from $310.00 to $315.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Needham & Company LLC restated a "hold" rating on shares of Tesla in a report on Thursday, October 24th. Jefferies Financial Group lifted their price target on Tesla from $165.00 to $195.00 and gave the stock a "hold" rating in a research report on Monday, October 21st. Morgan Stanley reissued an "overweight" rating and set a $310.00 price objective on shares of Tesla in a research report on Thursday, October 3rd. Finally, Royal Bank of Canada lifted their target price on shares of Tesla from $236.00 to $249.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $222.03.

Insider Buying and Selling at Tesla

In related news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the 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 completion of the transaction, the senior vice president now owns 67,491 shares in the company, valued at $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Vaibhav Taneja sold 8,000 shares of the company's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the sale, the chief financial officer now owns 105,032 shares in the company, valued at $26,258,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,797 shares of company stock valued at $19,211,821 in the last 90 days. Insiders own 20.70% of the company's stock.

Tesla Price Performance

Shares of NASDAQ TSLA traded up $24.31 during midday trading on Friday, reaching $321.22. The stock had a trading volume of 204,782,763 shares, compared to its average volume of 88,324,920. The company has a market capitalization of $1.03 trillion, a price-to-earnings ratio of 88.01, a price-to-earnings-growth ratio of 10.59 and a beta of 2.29. 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 50-day moving average of $241.18 and a 200-day moving average of $215.39. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $328.71.

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 (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter last year, the company earned $0.53 EPS. The firm's quarterly revenue was up 7.8% on a year-over-year basis. As a group, research analysts anticipate that Tesla, Inc. will post 1.96 EPS for the current fiscal year.

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.