Halpern Financial Inc. Has $126,000 Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Halpern Financial Inc. boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 51.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 506 shares of the electric vehicle producer’s stock after buying an additional 172 shares during the period. Halpern Financial Inc.’s holdings in Tesla were worth $126,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Mirador Capital Partners LP boosted its holdings in shares of Tesla by 14.5% during the third quarter. Mirador Capital Partners LP now owns 4,304 shares of the electric vehicle producer’s stock worth $1,126,000 after purchasing an additional 544 shares during the period. Central Valley Advisors LLC purchased a new position in shares of Tesla during the 3rd quarter valued at $1,085,000. Great Waters Wealth Management increased its stake in shares of Tesla by 8.8% in the third quarter. Great Waters Wealth Management now owns 3,540 shares of the electric vehicle producer’s stock worth $926,000 after acquiring an additional 286 shares during the last quarter. Gainplan LLC raised its holdings in shares of Tesla by 58.4% during the third quarter. Gainplan LLC now owns 7,948 shares of the electric vehicle producer’s stock worth $2,079,000 after acquiring an additional 2,929 shares in the last quarter. Finally, Biltmore Wealth Management LLC boosted its position in Tesla by 10.0% during the third 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 last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Roth Mkm reiterated a “neutral” rating and set a $85.00 price target on shares of Tesla in a report on Wednesday, July 24th. William Blair began coverage on shares of Tesla in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. Wedbush restated an “outperform” rating and set a $300.00 price target on shares of Tesla in a report on Wednesday, July 24th. HSBC upped their price objective on shares of Tesla from $120.00 to $130.00 in a report on Wednesday, July 10th. Finally, Argus restated a “buy” rating and set a $286.00 target price on shares of Tesla in a report on Friday, July 26th. Nine 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 stock. According to data from MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus price target of $210.54.

Insider Activity

In other news, CFO Vaibhav Taneja sold 8,000 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the completion of the sale, the chief financial officer now owns 105,032 shares in the company, valued at $26,258,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at approximately $18,696,600. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 8,000 shares of the stock in a transaction 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 directly owns 105,032 shares in the company, valued at approximately $26,258,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,661 shares of company stock valued at $16,663,291. Company insiders own 25.10% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ TSLA traded up $9.42 during mid-day trading on Friday, hitting $250.08. 86,726,285 shares of the stock were exchanged, 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 PEG ratio of 6.79 and a beta of 2.29. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $271.00. The stock’s fifty day simple moving average is $224.00 and its two-hundred day simple moving average is $201.39.

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