Synergy Financial Group LTD Boosts Position in Tesla, Inc. (NASDAQ:TSLA)

Synergy Financial Group LTD boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 20.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,310 shares of the electric vehicle producer’s stock after purchasing an additional 1,406 shares during the period. Tesla comprises 2.1% of Synergy Financial Group LTD’s portfolio, making the stock its 12th biggest holding. Synergy Financial Group LTD’s holdings in Tesla were worth $2,174,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. RB Capital Management LLC lifted its position in Tesla by 1.2% during the third quarter. RB Capital Management LLC now owns 3,803 shares of the electric vehicle producer’s stock valued at $995,000 after purchasing an additional 46 shares in the last quarter. FRG Family Wealth Advisors LLC raised its stake in shares of Tesla by 3.8% in the third quarter. FRG Family Wealth Advisors LLC now owns 6,388 shares of the electric vehicle producer’s stock worth $1,671,000 after buying an additional 231 shares during the period. First Dallas Securities Inc. purchased a new position in shares of Tesla during the 3rd quarter valued at about $238,000. JDM Financial Group LLC purchased a new stake in Tesla in the 3rd quarter worth approximately $166,000. Finally, Geode Capital Management LLC raised its stake in Tesla by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 59,356,401 shares of the electric vehicle producer’s stock worth $15,469,792,000 after acquiring an additional 1,022,589 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Up 0.1 %

NASDAQ:TSLA opened at $389.79 on Tuesday. The company has a market cap of $1.25 trillion, a price-to-earnings ratio of 106.79, a price-to-earnings-growth ratio of 12.64 and a beta of 2.36. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $404.80. 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 stock has a fifty day simple moving average of $288.09 and a 200-day simple moving average of $240.67.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. The company had revenue of $25.18 billion during the quarter, compared to analyst estimates of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. Analysts anticipate that Tesla, Inc. will post 1.99 EPS for the current year.

Analysts Set New Price Targets

TSLA has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their price objective 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. Canaccord Genuity Group boosted their price objective on Tesla from $254.00 to $278.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Roth Capital upgraded Tesla from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. StockNews.com raised Tesla from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Barclays upped their price target on Tesla from $220.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Nine investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $250.84.

Insider Activity

In other news, Director Kimbal Musk sold 60,500 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $250.23, for a total value 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 approximately $391,164,540.60. This represents a 3.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vaibhav Taneja sold 4,000 shares of the 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 in the company, valued at approximately $26,258,000. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 522,886 shares of company stock valued at $171,393,831. Corporate 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.