Capital Advisors Inc. OK Sells 953 Shares of Tesla, Inc. (NASDAQ:TSLA)

Capital Advisors Inc. OK cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 5.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,105 shares of the electric vehicle producer’s stock after selling 953 shares during the quarter. Capital Advisors Inc. OK’s holdings in Tesla were worth $4,737,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. boosted 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 valued at $6,399,000 after purchasing an additional 331 shares during the period. Palisade Asset Management LLC purchased a new stake in shares of Tesla in the 1st quarter valued at about $128,000. Moloney Securities Asset Management LLC boosted its position in shares of Tesla by 505.0% during the 1st quarter. Moloney Securities Asset Management LLC now owns 5,887 shares of the electric vehicle producer’s stock valued at $1,035,000 after acquiring an additional 4,914 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Tesla by 9.8% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 71,857 shares of the electric vehicle producer’s stock worth $12,632,000 after purchasing an additional 6,393 shares during the last quarter. Finally, CNB Bank raised its position in shares of Tesla by 3.9% during the 1st quarter. CNB Bank now owns 7,212 shares of the electric vehicle producer’s stock valued at $1,268,000 after buying an additional 270 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Stock Performance

TSLA opened at $248.98 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. The company has a 50 day simple moving average of $234.14 and a two-hundred day simple moving average of $210.39. The firm has a market cap of $799.24 billion, a P/E ratio of 68.21, a PEG ratio of 8.24 and a beta of 2.29. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $273.54.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The business’s revenue was up 7.8% on a year-over-year basis. Equities analysts forecast that Tesla, Inc. will post 1.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TSLA. Sanford C. Bernstein restated an “underperform” rating and set a $120.00 price target on shares of Tesla in a research report on Thursday, October 3rd. Stifel Nicolaus upped their target price on Tesla from $265.00 to $287.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Guggenheim lifted their price target on shares of Tesla from $153.00 to $156.00 and gave the stock a “sell” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on shares of Tesla from $130.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. Finally, Piper Sandler lifted their price objective on Tesla from $310.00 to $315.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Tesla presently has an average rating of “Hold” and a consensus price target of $219.45.

Insider Activity

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the sale, the senior vice president now directly owns 67,491 shares of the company’s stock, valued at $14,967,479.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction on Thursday, October 24th. The stock was 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 approximately $26,258,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the sale, the senior vice president now directly owns 67,491 shares of the company’s stock, valued at $14,967,479.07. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,297 shares of company stock worth $3,065,866. 20.70% of the stock is currently owned by corporate insiders.

Tesla 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.