Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Beaird Harris Wealth Management LLC

Beaird Harris Wealth Management LLC boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 1,089.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,949 shares of the electric vehicle producer’s stock after purchasing an additional 23,768 shares during the period. Tesla comprises 0.6% of Beaird Harris Wealth Management LLC’s investment portfolio, making the stock its 28th biggest position. Beaird Harris Wealth Management LLC’s holdings in Tesla were worth $6,789,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TSLA. Valley Wealth Managers Inc. acquired a new position in shares of Tesla during the 2nd quarter worth $26,000. Abich Financial Wealth Management LLC raised its position in Tesla by 168.8% during the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock worth $26,000 after acquiring an additional 81 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Tesla in the third quarter valued at about $29,000. Clean Yield Group grew its position in shares of 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. Finally, Peterson Financial Group Inc. purchased a new position in shares of Tesla during the 3rd quarter worth approximately $35,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $418.10 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $429.30. The company has a market capitalization of $1.34 trillion, a price-to-earnings ratio of 114.55, a PEG ratio of 10.52 and a beta of 2.36. The business has a 50-day moving average of $298.02 and a 200-day moving average of $244.72.

Tesla (NASDAQ:TSLA) last released its quarterly 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 firm had revenue of $25.18 billion during 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%. Tesla’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. On average, equities analysts anticipate that Tesla, Inc. will post 1.99 EPS for the current fiscal year.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at $26,258,000. This represents a 3.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the sale, the director now directly owns 5,400 shares of the company’s stock, valued at $1,868,508. The trade was a 94.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 522,886 shares of company stock valued at $171,393,831. Corporate insiders own 20.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TSLA. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $120.00 target price on shares of Tesla in a research note on Thursday, October 3rd. Canaccord Genuity Group increased their price objective on Tesla from $254.00 to $278.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Stifel Nicolaus boosted their target price on shares of Tesla from $287.00 to $411.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Wedbush restated an “outperform” rating and issued a $400.00 target price on shares of Tesla in a report on Monday, November 18th. Finally, Bank of America lifted their price target on shares of Tesla from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Nine equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Tesla has an average rating of “Hold” and an average price target of $257.36.

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.