Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by West Family Investments Inc.

West Family Investments Inc. boosted its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 20.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,026 shares of the electric vehicle producer's stock after buying an additional 1,556 shares during the period. Tesla makes up about 0.8% of West Family Investments Inc.'s investment portfolio, making the stock its 20th biggest position. West Family Investments Inc.'s holdings in Tesla were worth $2,361,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TSLA. Oppenheimer & Co. Inc. raised its position in shares of Tesla by 1.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 144,482 shares of the electric vehicle producer's stock valued at $37,801,000 after buying an additional 1,741 shares in the last quarter. Tyler Stone Wealth Management lifted its position in shares of Tesla by 109.6% during the 3rd quarter. Tyler Stone Wealth Management now owns 9,425 shares of the electric vehicle producer's stock worth $2,466,000 after buying an additional 4,929 shares in the last quarter. Savvy Advisors Inc. increased its position in Tesla by 24.2% in the third quarter. Savvy Advisors Inc. now owns 7,527 shares of the electric vehicle producer's stock worth $1,969,000 after buying an additional 1,467 shares during the last quarter. ICICI Prudential Asset Management Co Ltd lifted its holdings in Tesla by 19.0% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 24,440 shares of the electric vehicle producer's stock worth $6,394,000 after purchasing an additional 3,909 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Tesla by 5.6% in the third quarter. Principal Financial Group Inc. now owns 3,650,393 shares of the electric vehicle producer's stock worth $955,052,000 after purchasing an additional 194,796 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TSLA has been the topic of a number of research analyst reports. Cantor Fitzgerald reissued a "neutral" rating and set a $245.00 price objective on shares of Tesla in a research report on Wednesday, October 23rd. KGI Securities raised Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 price objective for the company in a research note on Thursday, October 24th. Jefferies Financial Group increased their price target on Tesla from $195.00 to $300.00 and gave the company a "hold" rating in a report on Thursday, November 14th. Piper Sandler lifted their price objective on Tesla from $310.00 to $315.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Finally, Guggenheim increased their price target on Tesla from $153.00 to $156.00 and gave the company a "sell" rating in a research note on Thursday, October 24th. Nine investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $230.18.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the business's 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 completion of the transaction, the senior vice president now owns 67,491 shares of the company's stock, valued at approximately $14,967,479.07. The trade was a 0.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,258,000. This trade represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 301,187 shares of company stock valued at $92,956,692 in the last three months. Company insiders own 20.70% of the company's stock.

Tesla Stock Up 2.1 %

NASDAQ TSLA traded up $7.26 during trading on Tuesday, hitting $346.00. The stock had a trading volume of 88,565,972 shares, compared to its average volume of 96,129,742. The company has a market capitalization of $1.11 trillion, a PE ratio of 94.79, a P/E/G ratio of 10.42 and a beta of 2.29. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $358.64. The company's 50-day moving average price is $254.75 and its two-hundred day moving average price is $222.13. 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 (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.14. The company 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 earnings per share. As a group, sell-side analysts forecast that Tesla, Inc. will post 1.99 EPS for the current 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.