Tesla, Inc. (NASDAQ:TSLA) Shares Bought by MRA Advisory Group

MRA Advisory Group boosted its stake in Tesla, Inc. (NASDAQ:TSLAFree Report) by 140.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,839 shares of the electric vehicle producer’s stock after acquiring an additional 2,825 shares during the period. MRA Advisory Group’s holdings in Tesla were worth $1,211,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new position in Tesla in the 3rd quarter valued at about $25,000. Halpern Financial Inc. boosted its holdings in Tesla by 1,111.1% in the 3rd quarter. Halpern Financial Inc. now owns 109 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Alpha Paradigm Partners LLC purchased a new stake in Tesla in the 3rd quarter valued at approximately $27,000. Mendota Financial Group LLC boosted its holdings in Tesla by 3,733.3% in the 2nd quarter. Mendota Financial Group LLC now owns 115 shares of the electric vehicle producer’s stock valued at $30,000 after purchasing an additional 112 shares in the last quarter. Finally, MayTech Global Investments LLC purchased a new stake in Tesla in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 41.87% of the company’s stock.

Tesla Trading Down 5.7 %

Shares of TSLA stock traded down $10.64 on Monday, reaching $177.27. 62,638,978 shares of the stock were exchanged, compared to its average volume of 108,518,156. The stock has a market cap of $564.57 billion, a P/E ratio of 40.82, a price-to-earnings-growth ratio of 2.90 and a beta of 2.43. The company has a quick ratio of 1.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $230.90 and a two-hundred day moving average of $238.81. Tesla, Inc. has a 1-year low of $152.37 and a 1-year high of $299.29.

Tesla (NASDAQ:TSLAGet Free Report) last released its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a return on equity of 16.62% and a net margin of 15.50%. The firm had revenue of $25.17 billion for the quarter, compared to analyst estimates of $25.64 billion. During the same quarter in the previous year, the company earned $1.07 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. On average, research analysts anticipate that Tesla, Inc. will post 2.89 EPS for the current year.

Analyst Upgrades and Downgrades

TSLA has been the topic of a number of analyst reports. HSBC initiated coverage on Tesla in a report on Thursday, November 9th. They issued a “reduce” rating and a $146.00 price objective on the stock. Guggenheim boosted their price target on Tesla from $125.00 to $132.00 and gave the stock a “sell” rating in a research note on Friday, December 15th. Canaccord Genuity Group decreased their price target on Tesla from $267.00 to $234.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th. Robert W. Baird reissued an “outperform” rating and set a $300.00 price target on shares of Tesla in a research note on Thursday, January 25th. Finally, Truist Financial decreased their price target on Tesla from $227.00 to $193.00 and set a “hold” rating on the stock in a research note on Thursday, January 25th. Nine research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $221.86.

Read Our Latest Report on TSLA

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 104,716 shares of the company’s stock, valued at approximately $26,179,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the transaction, the chief financial officer now directly owns 104,716 shares of the company’s stock, valued at approximately $26,179,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Xiaotong Zhu sold 1,049 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $244.34, for a total transaction of $256,312.66. Following the completion of the transaction, the senior vice president now directly owns 61,124 shares of the company’s stock, valued at $14,935,038.16. The disclosure for this sale can be found here. In the last three months, insiders sold 9,222 shares of company stock valued at $2,298,583. Company insiders own 20.90% of the company’s stock.

Tesla Company Profile

(Free Report)

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. It 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, retail merchandise, and vehicle insurance services.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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