Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Mirador Capital Partners LP

Mirador Capital Partners LP increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 14.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,304 shares of the electric vehicle producer’s stock after purchasing an additional 544 shares during the period. Mirador Capital Partners LP’s holdings in Tesla were worth $1,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Central Valley Advisors LLC acquired a new position in shares of Tesla in the 3rd quarter valued at about $1,085,000. Great Waters Wealth Management grew its stake in shares of Tesla by 8.8% during the 3rd quarter. Great Waters Wealth Management now owns 3,540 shares of the electric vehicle producer’s stock worth $926,000 after purchasing an additional 286 shares during the period. Gainplan LLC increased its holdings in shares of Tesla by 58.4% during the 3rd quarter. Gainplan LLC now owns 7,948 shares of the electric vehicle producer’s stock valued at $2,079,000 after purchasing an additional 2,929 shares in the last quarter. Biltmore Wealth Management LLC lifted its stake in shares of Tesla by 10.0% in the 3rd quarter. Biltmore Wealth Management LLC now owns 3,673 shares of the electric vehicle producer’s stock valued at $961,000 after purchasing an additional 334 shares during the period. Finally, Triton Wealth Management PLLC boosted its holdings in Tesla by 1.2% during the third quarter. Triton Wealth Management PLLC now owns 8,851 shares of the electric vehicle producer’s stock worth $2,273,000 after buying an additional 105 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Guggenheim upped their price objective on shares of Tesla from $134.00 to $153.00 and gave the stock a “sell” rating in a research report on Friday, September 13th. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research report on Wednesday, July 24th. Citigroup cut their price objective on Tesla from $274.00 to $258.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Mizuho increased their target price on Tesla from $180.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, July 12th. Finally, Stifel Nicolaus assumed coverage on shares of Tesla in a report on Tuesday, June 25th. They issued a “buy” rating and a $265.00 price target for the company. Nine analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $210.54.

Insider Buying and Selling at Tesla

In other news, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total value of $14,597,425.44. Following the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $18,696,600. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Tesla news, CFO Vaibhav Taneja sold 8,000 shares of Tesla 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 completion of the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at $26,258,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robyn M. Denholm sold 66,364 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the sale, the director now directly owns 85,000 shares in the company, valued at $18,696,600. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 74,661 shares of company stock worth $16,663,291 over the last three months. Insiders own 25.10% of the company’s stock.

Tesla Trading Up 3.9 %

Shares of TSLA stock traded up $9.42 during trading on Friday, hitting $250.08. 86,726,285 shares of the stock traded hands, compared to its average volume of 81,772,848. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $271.00. The firm has a market capitalization of $798.92 billion, a P/E ratio of 63.80, a price-to-earnings-growth ratio of 6.79 and a beta of 2.29. The firm’s fifty day moving average price is $224.00 and its 200-day moving average price is $201.39. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40.

Tesla (NASDAQ:TSLA) last posted its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The business had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. Tesla’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 EPS. As a group, research analysts forecast that Tesla, Inc. will post 1.74 earnings per share for the current fiscal year.

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.