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Venturi Wealth Management LLC Has $4.22 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Tesla logo with Auto/Tires/Trucks background

Venturi Wealth Management LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 20.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,130 shares of the electric vehicle producer's stock after purchasing an additional 2,764 shares during the quarter. Venturi Wealth Management LLC's holdings in Tesla were worth $4,220,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. China Universal Asset Management Co. Ltd. raised its holdings in Tesla by 0.9% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer's stock worth $6,399,000 after acquiring an additional 331 shares during the period. Avantax Advisory Services Inc. increased its stake in shares of Tesla by 0.4% in the first quarter. Avantax Advisory Services Inc. now owns 95,128 shares of the electric vehicle producer's stock worth $16,723,000 after purchasing an additional 380 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Tesla by 0.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 608,264 shares of the electric vehicle producer's stock worth $106,927,000 after purchasing an additional 2,620 shares during the last quarter. ProShare Advisors LLC boosted its stake in Tesla by 20.0% during the 1st quarter. ProShare Advisors LLC now owns 2,188,276 shares of the electric vehicle producer's stock valued at $384,677,000 after purchasing an additional 364,620 shares during the period. Finally, Focused Wealth Management Inc grew its holdings in Tesla by 7.2% in the 1st quarter. Focused Wealth Management Inc now owns 25,888 shares of the electric vehicle producer's stock valued at $4,551,000 after buying an additional 1,732 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Insiders Place Their Bets

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the firm's 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 transaction, the senior vice president now directly owns 67,491 shares of the company's stock, valued at approximately $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the transaction, the chief financial officer now owns 105,032 shares of the company's stock, valued at $26,258,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 297 shares of the business's stock in a transaction that occurred 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 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 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 76,797 shares of company stock valued at $19,211,821. 20.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on TSLA. New Street Research cut Tesla from a "buy" rating to a "neutral" rating and set a $225.00 price objective for the company. in a research report on Wednesday, July 24th. Roth Mkm reissued a "neutral" rating and issued a $85.00 price target on shares of Tesla in a report on Friday, October 11th. Wedbush raised their price target on shares of Tesla from $300.00 to $400.00 and gave the stock an "outperform" rating in a research report on Monday. Barclays upped their price objective on shares of Tesla from $220.00 to $235.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 29th. Finally, Glj Research reissued a "sell" rating and set a $24.86 target price on shares of Tesla in a research report on Thursday, October 17th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $225.06.

Read Our Latest Stock Analysis on TSLA

Tesla Price Performance

Shares of TSLA traded up $28.78 during mid-day trading on Monday, hitting $350.00. 208,873,720 shares of the company traded hands, compared to its average volume of 95,411,664. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average of $241.18 and a 200 day moving average of $215.77. Tesla, Inc. has a one year low of $138.80 and a one year high of $358.64. The stock has a market capitalization of $1.12 trillion, a price-to-earnings ratio of 97.39, a PEG ratio of 10.59 and a beta of 2.29.

Tesla (NASDAQ:TSLA - Get Free Report) last released its 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 company had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 earnings per share. As a group, equities analysts expect that Tesla, Inc. will post 1.96 earnings per share for the current fiscal year.

Tesla Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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