Clean Yield Group Has $33,000 Position in Tesla, Inc. (NASDAQ:TSLA)

Clean Yield Group increased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 60.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128 shares of the electric vehicle producer’s stock after buying an additional 48 shares during the period. Clean Yield Group’s holdings in Tesla were worth $33,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Advance Capital Management Inc. raised its stake in Tesla by 6.7% in the third quarter. Advance Capital Management Inc. now owns 3,131 shares of the electric vehicle producer’s stock valued at $819,000 after purchasing an additional 197 shares in the last quarter. Dynamic Advisor Solutions LLC raised its position in shares of Tesla by 3.5% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 88,241 shares of the electric vehicle producer’s stock valued at $23,087,000 after buying an additional 2,973 shares in the last quarter. Axiom Advisory LLC boosted its position in shares of Tesla by 12.2% during the 3rd quarter. Axiom Advisory LLC now owns 63,040 shares of the electric vehicle producer’s stock worth $16,493,000 after acquiring an additional 6,844 shares in the last quarter. Sherrill & Hutchins Financial Advisory Inc increased its stake in Tesla by 1.4% in the third quarter. Sherrill & Hutchins Financial Advisory Inc now owns 3,058 shares of the electric vehicle producer’s stock valued at $800,000 after acquiring an additional 43 shares during the last quarter. Finally, Callan Family Office LLC acquired a new position in Tesla during the third quarter valued at approximately $314,000. 66.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Robert W. Baird reaffirmed an “outperform” rating and issued a $280.00 target price on shares of Tesla in a report on Tuesday, August 20th. Morgan Stanley reiterated an “overweight” rating and issued a $310.00 target price on shares of Tesla in a research report on Thursday, October 3rd. Piper Sandler increased their target price on shares of Tesla from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Roth Mkm reiterated a “neutral” rating and set a $85.00 price objective on shares of Tesla in a research report on Wednesday, July 24th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $254.00 target price on shares of Tesla in a research report on Friday, September 13th. Nine investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $210.90.

Insiders Place Their Bets

In other news, 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the transaction, the senior vice president now directly owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. This trade 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 valued at $16,663,291 over the last 90 days. Insiders own 25.10% of the company’s stock.

Tesla Price Performance

TSLA opened at $244.50 on Wednesday. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $271.00. The firm has a 50-day moving average of $224.18 and a 200 day moving average of $202.26. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91. The firm has a market cap of $781.09 billion, a P/E ratio of 62.37, a PEG ratio of 6.80 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The business had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter in the prior year, the firm posted $0.78 earnings per share. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. On average, research analysts expect that Tesla, Inc. will post 1.75 EPS for the current 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.