Quent Capital LLC Has $2.94 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Quent Capital LLC cut its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,245 shares of the electric vehicle producer’s stock after selling 235 shares during the period. Quent Capital LLC’s holdings in Tesla were worth $2,941,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Bank & Trust Co bought a new position in shares of Tesla during the 2nd quarter worth about $25,000. Valley Wealth Managers Inc. bought a new position in Tesla during the second quarter worth about $26,000. Abich Financial Wealth Management LLC boosted its holdings in Tesla by 168.8% during the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock valued at $26,000 after purchasing an additional 81 shares in the last quarter. M&R Capital Management Inc. grew its stake in shares of Tesla by 263.2% in the 3rd quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer’s stock valued at $36,000 after purchasing an additional 100 shares during the period. Finally, OLD Point Trust & Financial Services N A acquired a new position in shares of Tesla in the 4th quarter worth approximately $37,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $250.00, for a total value of $2,000,000.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares in the company, valued at $26,258,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the sale, the senior vice president now owns 67,491 shares of the company’s stock, valued at $14,967,479.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 8,000 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $250.00, for a total value of $2,000,000.00. Following the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at $26,258,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 74,661 shares of company stock valued at $16,663,291. 25.10% of the stock is owned by corporate insiders.

Tesla Trading Up 3.9 %

Shares of TSLA traded up $9.42 during trading hours on Friday, reaching $250.08. The stock had a trading volume of 86,726,285 shares, compared to its average volume of 81,772,848. The company has a market cap of $798.92 billion, a P/E ratio of 63.80, a P/E/G ratio of 6.79 and a beta of 2.29. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $271.00. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average of $224.00 and a 200 day moving average of $201.39.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.10). Tesla had a return on equity of 10.41% and a net margin of 13.00%. The business had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. During the same quarter last year, the company earned $0.78 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. On average, sell-side analysts expect that Tesla, Inc. will post 1.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on TSLA. Stifel Nicolaus started coverage on Tesla in a research report on Tuesday, June 25th. They issued a “buy” rating and a $265.00 price target on the stock. Oppenheimer reissued a “market perform” rating on shares of Tesla in a report on Tuesday, July 9th. KGI Securities reaffirmed a “neutral” rating and set a $236.00 price objective on shares of Tesla in a research note on Thursday, July 25th. Wolfe Research started coverage on shares of Tesla in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, Canaccord Genuity Group restated a “buy” rating and set a $254.00 price target on shares of Tesla in a research report on Friday, September 13th. Nine equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $210.54.

Tesla Company 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.