One Wealth Management Investment & Advisory Services LLC Reduces Position in Tesla, Inc. (NASDAQ:TSLA)

One Wealth Management Investment & Advisory Services LLC decreased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 19.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,079 shares of the electric vehicle producer’s stock after selling 1,230 shares during the quarter. Tesla accounts for approximately 2.3% of One Wealth Management Investment & Advisory Services LLC’s investment portfolio, making the stock its 10th biggest holding. One Wealth Management Investment & Advisory Services LLC’s holdings in Tesla were worth $1,329,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Bank & Trust Co purchased a new stake in shares of Tesla during the 2nd quarter worth approximately $25,000. Valley Wealth Managers Inc. purchased a new position in Tesla in the 2nd quarter valued at approximately $26,000. Abich Financial Wealth Management LLC grew its stake in Tesla by 168.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock valued at $26,000 after buying an additional 81 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in Tesla in the 3rd quarter valued at approximately $29,000. Finally, Clean Yield Group grew its stake in Tesla by 60.0% in the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock valued at $33,000 after buying an additional 48 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Insiders Place Their Bets

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the sale, the senior vice president now owns 67,491 shares in the company, valued at approximately $14,967,479.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Kimbal Musk sold 60,500 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were 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 in the company, valued at $391,164,540.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the transaction, the senior vice president now owns 67,491 shares in the company, valued at approximately $14,967,479.07. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 188,797 shares of company stock worth $57,616,781. 20.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TSLA has been the subject of a number of recent research reports. Morgan Stanley reiterated an “overweight” rating and issued a $310.00 price objective on shares of Tesla in a research note on Thursday, October 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a report on Thursday, October 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $245.00 price objective on shares of Tesla in a report on Wednesday, October 23rd. HSBC reaffirmed a “reduce” rating and set a $124.00 price objective on shares of Tesla in a report on Friday, October 11th. Finally, Stifel Nicolaus boosted their price target on shares of Tesla from $265.00 to $287.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Eight investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Tesla currently has a consensus rating of “Hold” and an average price target of $228.24.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $330.24 on Thursday. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $358.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The company’s 50-day moving average is $248.48 and its 200 day moving average is $218.94. The stock has a market capitalization of $1.06 trillion, a P/E ratio of 90.48, a P/E/G ratio of 10.67 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. The business had revenue of $25.18 billion for the quarter, compared to analysts’ expectations of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 earnings per share. On average, sell-side analysts expect that Tesla, Inc. will post 1.99 earnings per share for the current year.

About Tesla

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.