Sargent Investment Group LLC Increases Stake in Tesla, Inc. (NASDAQ:TSLA)

Sargent Investment Group LLC boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 12.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,312 shares of the electric vehicle producer’s stock after purchasing an additional 701 shares during the period. Sargent Investment Group LLC’s holdings in Tesla were worth $1,651,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSLA. China Universal Asset Management Co. Ltd. increased its stake in Tesla by 0.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer’s stock worth $6,399,000 after purchasing an additional 331 shares during the period. Kingsview Wealth Management LLC increased its position in Tesla by 0.5% during the 1st quarter. Kingsview Wealth Management LLC now owns 34,682 shares of the electric vehicle producer’s stock valued at $6,097,000 after purchasing an additional 157 shares during the period. Orion Portfolio Solutions LLC raised its stake in Tesla by 12.4% in the first quarter. Orion Portfolio Solutions LLC now owns 77,359 shares of the electric vehicle producer’s stock worth $13,599,000 after buying an additional 8,534 shares in the last quarter. Private Portfolio Partners LLC increased its holdings in shares of Tesla by 21.0% in the 1st quarter. Private Portfolio Partners LLC now owns 2,077 shares of the electric vehicle producer’s stock valued at $365,000 after acquiring an additional 360 shares during the period. Finally, Brighton Jones LLC lifted its stake in shares of Tesla by 19.5% during the 1st quarter. Brighton Jones LLC now owns 72,529 shares of the electric vehicle producer’s stock worth $12,750,000 after purchasing an additional 11,826 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Price Performance

TSLA stock traded down $10.88 during midday trading on Thursday, reaching $319.36. The stock had a trading volume of 45,658,820 shares, compared to its average volume of 95,604,727. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $358.64. The company has a market cap of $1.03 trillion, a price-to-earnings ratio of 87.07, a price-to-earnings-growth ratio of 10.67 and a beta of 2.29. The company’s fifty day simple moving average is $248.48 and its 200 day simple moving average is $218.94. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08.

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 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 net margin of 13.07% and a return on equity of 10.24%. Tesla’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS. As a group, sell-side analysts predict that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on TSLA. Truist Financial lifted their target price on Tesla from $236.00 to $238.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Guggenheim increased their target price on shares of Tesla from $153.00 to $156.00 and gave the company a “sell” rating in a research report on Thursday, October 24th. Jefferies Financial Group upped their price target on Tesla from $195.00 to $300.00 and gave the stock a “hold” rating in a research report on Thursday. Canaccord Genuity Group raised their price objective on Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, StockNews.com raised Tesla from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Eight research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $228.24.

Insider Buying and Selling at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 5,400 shares in the company, valued at $1,868,508. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Tesla news, Director Kimbal Musk sold 60,500 shares of the firm’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 transaction, the director now owns 1,563,220 shares of the company’s stock, valued at $391,164,540.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the sale, the director now owns 5,400 shares in the company, valued at approximately $1,868,508. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 188,797 shares of company stock worth $57,616,781 over the last three months. Insiders own 20.70% of the company’s stock.

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.