FSM Wealth Advisors LLC Increases Stock Position in Tesla, Inc. $TSLA

FSM Wealth Advisors LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 12.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,186 shares of the electric vehicle producer’s stock after buying an additional 1,113 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Tesla were worth $4,530,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Chesley Taft & Associates LLC lifted its stake in shares of Tesla by 0.8% during the 3rd quarter. Chesley Taft & Associates LLC now owns 3,118 shares of the electric vehicle producer’s stock worth $1,387,000 after purchasing an additional 25 shares during the last quarter. KRS Capital Management LLC raised its holdings in Tesla by 1.2% in the third quarter. KRS Capital Management LLC now owns 2,035 shares of the electric vehicle producer’s stock worth $905,000 after purchasing an additional 25 shares in the last quarter. DecisionMap Wealth Management LLC lifted its position in shares of Tesla by 1.0% during the third quarter. DecisionMap Wealth Management LLC now owns 2,533 shares of the electric vehicle producer’s stock valued at $1,126,000 after buying an additional 25 shares during the last quarter. Intergy Private Wealth LLC boosted its holdings in shares of Tesla by 0.9% in the 3rd quarter. Intergy Private Wealth LLC now owns 2,975 shares of the electric vehicle producer’s stock valued at $1,323,000 after buying an additional 27 shares in the last quarter. Finally, Security National Bank of SO Dak grew its position in shares of Tesla by 2.4% in the 3rd quarter. Security National Bank of SO Dak now owns 1,216 shares of the electric vehicle producer’s stock worth $541,000 after buying an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In related news, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total value of $25,606,501.20. Following the sale, the director directly owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. The trade was a 3.92% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the transaction, the chief financial officer owned 13,757 shares in the company, valued at $6,107,145.01. The trade was a 16.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 19.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. UBS Group restated a “sell” rating on shares of Tesla in a research note on Tuesday, December 23rd. Melius Research set a $520.00 target price on Tesla and gave the stock a “buy” rating in a research note on Monday, October 13th. Bank of America upped their target price on Tesla from $341.00 to $471.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. DZ Bank restated a “sell” rating on shares of Tesla in a research note on Thursday, October 23rd. Finally, William Blair reaffirmed a “market perform” rating on shares of Tesla in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have given a Hold rating and nine have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $414.50.

Read Our Latest Research Report on Tesla

Tesla Stock Down 3.3%

TSLA stock opened at $459.64 on Tuesday. Tesla, Inc. has a one year low of $214.25 and a one year high of $498.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The firm’s fifty day moving average is $445.22 and its 200 day moving average is $388.31. The firm has a market cap of $1.53 trillion, a PE ratio of 306.43, a P/E/G ratio of 12.01 and a beta of 1.87.

Tesla (NASDAQ:TSLAGet Free Report) last posted its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $24.98 billion. During the same period in the prior year, the company posted $0.72 EPS. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Trending Headlines about Tesla

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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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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