Tesla, Inc. $TSLA Stake Lessened by Traphagen Investment Advisors LLC

Traphagen Investment Advisors LLC decreased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 41.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,220 shares of the electric vehicle producer’s stock after selling 2,251 shares during the period. Traphagen Investment Advisors LLC’s holdings in Tesla were worth $1,432,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TSLA. Chapman Financial Group LLC acquired a new stake in shares of Tesla in the second quarter valued at $26,000. Chelsea Counsel Co. grew its holdings in Tesla by 59.7% during the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock worth $28,000 after acquiring an additional 40 shares during the period. LGT Financial Advisors LLC bought a new stake in Tesla in the second quarter worth about $29,000. CoreFirst Bank & Trust acquired a new stake in Tesla in the 2nd quarter valued at about $30,000. Finally, ESL Trust Services LLC boosted its position in shares of Tesla by 1,900.0% during the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock valued at $32,000 after purchasing an additional 95 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,637 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the transaction, the chief financial officer owned 13,757 shares in the company, valued at approximately $6,107,145.01. This represents a 16.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kimbal Musk sold 56,820 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the completion of the sale, the director owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. The trade was a 3.92% decrease in their position. The SEC filing for this sale provides additional information. 19.90% of the stock is owned by corporate insiders.

Tesla Stock Performance

Shares of Tesla stock opened at $467.26 on Thursday. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $495.28. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.55 trillion, a PE ratio of 311.51, a price-to-earnings-growth ratio of 12.24 and a beta of 1.87. The business has a fifty day simple moving average of $437.67 and a 200-day simple moving average of $378.86.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The firm had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. During the same period in the previous year, the firm earned $0.72 earnings per share. Tesla’s quarterly revenue was up 11.6% on a year-over-year basis. On average, sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analysts Set New Price Targets

TSLA has been the topic of a number of research reports. Glj Research reiterated a “sell” rating on shares of Tesla in a report on Wednesday, October 22nd. Roth Capital set a $505.00 price target on shares of Tesla and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research report on Thursday, October 23rd. Melius Research set a $520.00 target price on Tesla and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Canaccord Genuity Group reduced their target price on Tesla from $490.00 to $482.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have issued a Hold rating and nine have issued a Sell rating to the company. According to MarketBeat, Tesla currently has a consensus rating of “Hold” and an average target price of $400.86.

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.