Tesla, Inc. $TSLA Shares Sold by MBL Wealth LLC

MBL Wealth LLC lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 8.3% in the third quarter, HoldingsChannel reports. The firm owned 12,062 shares of the electric vehicle producer’s stock after selling 1,085 shares during the quarter. MBL Wealth LLC’s holdings in Tesla were worth $5,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Chapman Financial Group LLC bought a new position in shares of Tesla during the second quarter worth about $26,000. LGT Financial Advisors LLC acquired a new position in Tesla during the 2nd quarter valued at about $29,000. CoreFirst Bank & Trust acquired a new stake in shares of Tesla in the second quarter valued at approximately $30,000. ESL Trust Services LLC raised its holdings in shares of Tesla by 1,900.0% during the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock valued at $32,000 after buying an additional 95 shares during the last quarter. Finally, Delos Wealth Advisors LLC acquired a new position in shares of Tesla during the second quarter worth approximately $32,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tesla

In other news, Director Kimbal Musk sold 56,820 shares of the stock in a transaction 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 in the company, valued at approximately $627,145,215.90. This represents a 3.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 2,637 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the sale, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at approximately $6,107,145.01. This represents a 16.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 19.90% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

Wall Street Analyst Weigh In

Several analysts recently commented on the company. TD Cowen raised their target price on Tesla from $374.00 to $509.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. New Street Research raised their price target on Tesla from $465.00 to $520.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Glj Research reaffirmed a “sell” rating on shares of Tesla in a report on Wednesday, October 22nd. Barclays reissued a “neutral” rating and set a $350.00 target price on shares of Tesla in a research note on Monday, December 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Tesla from $470.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, fourteen have issued a Hold rating and nine have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $414.50.

View Our Latest Report on Tesla

Tesla Price Performance

Shares of NASDAQ TSLA opened at $475.19 on Friday. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $498.83. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average of $444.97 and a two-hundred day moving average of $386.90. The company has a market capitalization of $1.58 trillion, a price-to-earnings ratio of 316.79, a PEG ratio of 12.01 and a beta of 1.87.

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

Tesla Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

Featured Stories

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLAFree Report).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.