Northwest Wealth Management LLC Has $2.49 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Northwest Wealth Management LLC trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA) by 4.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,525 shares of the electric vehicle producer’s stock after selling 480 shares during the quarter. Northwest Wealth Management LLC’s holdings in Tesla were worth $2,492,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of TSLA. Bank & Trust Co bought a new stake in shares of Tesla during the second quarter valued at approximately $25,000. Valley Wealth Managers Inc. bought a new position in Tesla in the second quarter worth $26,000. Abich Financial Wealth Management LLC boosted its stake 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 worth $26,000 after buying an additional 81 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in Tesla in the 3rd quarter valued at $29,000. Finally, Clean Yield Group lifted its holdings in shares of Tesla by 60.0% during the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after acquiring an additional 48 shares during the period. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In other Tesla news, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $250.23, for a total value of $15,138,915.00. Following the sale, the director now owns 1,563,220 shares of the company’s stock, valued at $391,164,540.60. 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. In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction on Friday, November 1st. The shares were sold at an average price of $251.76, for a total value of $1,007,040.00. Following the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $26,442,856.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kimbal Musk sold 60,500 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the transaction, the director now owns 1,563,220 shares of the company’s stock, valued at approximately $391,164,540.60. 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 76,797 shares of company stock valued at $19,211,821. 20.70% of the stock is owned by corporate insiders.

Tesla Trading Up 8.2 %

NASDAQ:TSLA traded up $26.22 during trading hours on Monday, hitting $347.44. The stock had a trading volume of 77,846,758 shares, compared to its average volume of 94,812,750. The business’s 50 day moving average is $241.18 and its 200-day moving average is $215.77. The company has a market cap of $1.12 trillion, a price-to-earnings ratio of 94.84, a P/E/G ratio of 10.59 and a beta of 2.29. Tesla, Inc. has a one year low of $138.80 and a one year high of $350.71. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. The firm had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 earnings per share. Sell-side analysts anticipate that Tesla, Inc. will post 1.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TSLA has been the topic of a number of analyst reports. Wedbush upped their target price on shares of Tesla from $300.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday. Wolfe Research assumed coverage on Tesla in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Canaccord Genuity Group raised their target price on Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Canaccord Genuity Group upped their price target on Tesla from $254.00 to $278.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Glj Research reaffirmed a “sell” rating and set a $24.86 price objective on shares of Tesla in a research note on Thursday, October 17th. Eight equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus target price of $225.06.

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.