Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 11.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,086 shares of the electric vehicle producer's stock after selling 1,793 shares during the quarter. Nations Financial Group Inc. IA ADV's holdings in Tesla were worth $3,685,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in TSLA. Bank & Trust Co purchased a new stake in Tesla in the second quarter valued at $25,000. Valley Wealth Managers Inc. purchased a new stake in Tesla in the second quarter valued at $26,000. Abich Financial Wealth Management LLC boosted its holdings in Tesla by 168.8% in the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer's stock valued at $26,000 after purchasing an additional 81 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in Tesla in the third quarter valued at $29,000. Finally, Clean Yield Group boosted its holdings in Tesla by 60.0% in the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock valued at $33,000 after purchasing an additional 48 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TSLA. Royal Bank of Canada increased their target price on shares of Tesla from $236.00 to $249.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Glj Research reissued a "sell" rating and set a $24.86 target price on shares of Tesla in a research note on Thursday, October 17th. KGI Securities raised shares of Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 target price on the stock in a research note on Thursday, October 24th. Canaccord Genuity Group increased their target price on shares of Tesla from $254.00 to $278.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $245.00 target price on shares of Tesla in a research note on Wednesday, October 23rd. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Tesla currently has a consensus rating of "Hold" and a consensus target price of $225.06.

Tesla Trading Up 9.0 %

Shares of NASDAQ TSLA traded up $28.78 during midday trading on Monday, reaching $350.00. 208,873,720 shares of the stock were exchanged, compared to its average volume of 95,411,664. The company has a 50 day simple moving average of $241.18 and a 200 day simple moving average of $215.77. The stock has a market capitalization of $1.12 trillion, a P/E ratio of 97.39, a PEG 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. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $358.64.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.14. The business had revenue of $25.18 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. As a group, equities analysts expect that Tesla, Inc. will post 1.96 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the sale, the senior vice president now owns 67,491 shares in the company, valued at approximately $14,967,479.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the sale, the senior vice president now owns 67,491 shares in the company, valued at approximately $14,967,479.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the completion of the sale, the director now owns 1,563,220 shares of the company's stock, valued at $391,164,540.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,797 shares of company stock valued at $19,211,821. Company insiders own 20.70% of the company's stock.

Tesla Company 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.