Halpern Financial Inc. Acquires 172 Shares of Tesla, Inc. (NASDAQ:TSLA)

Halpern Financial Inc. increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 51.5% in the third quarter, HoldingsChannel reports. 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 SEC.

Several other hedge funds have also recently bought and sold shares of TSLA. Mirador Capital Partners LP boosted its holdings in shares of Tesla by 14.5% during the 3rd quarter. Mirador Capital Partners LP now owns 4,304 shares of the electric vehicle producer’s stock valued at $1,126,000 after acquiring an additional 544 shares in the last quarter. Central Valley Advisors LLC bought a new stake in Tesla during the third quarter valued at $1,085,000. Great Waters Wealth Management lifted its stake in shares of Tesla by 8.8% in the 3rd quarter. Great Waters Wealth Management now owns 3,540 shares of the electric vehicle producer’s stock valued at $926,000 after purchasing an additional 286 shares during the period. Gainplan LLC lifted its stake in Tesla by 58.4% in the third quarter. Gainplan LLC now owns 7,948 shares of the electric vehicle producer’s stock valued at $2,079,000 after buying an additional 2,929 shares during the period. Finally, Biltmore Wealth Management LLC grew its position in shares of Tesla by 10.0% during the 3rd quarter. Biltmore Wealth Management LLC now owns 3,673 shares of the electric vehicle producer’s stock worth $961,000 after buying an additional 334 shares during the period. 66.20% of the stock is owned by institutional investors.

Insider Activity at Tesla

In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 85,000 shares of the company’s stock, valued at $18,696,600. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Robyn M. Denholm sold 66,364 shares of the firm’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 owns 85,000 shares in the company, valued at approximately $18,696,600. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 8,000 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the transaction, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 74,661 shares of company stock valued at $16,663,291. Insiders own 25.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TSLA shares. Royal Bank of Canada reiterated an “outperform” rating and set a $224.00 price objective on shares of Tesla in a report on Wednesday, September 25th. The Goldman Sachs Group cut their price target on shares of Tesla from $248.00 to $230.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Canaccord Genuity Group reissued a “buy” rating and set a $254.00 target price on shares of Tesla in a research report on Friday, September 13th. New Street Research downgraded shares of Tesla from a “buy” rating to a “neutral” rating and set a $225.00 target price for the company. in a research report on Wednesday, July 24th. Finally, UBS Group lowered shares of Tesla from a “neutral” rating to a “sell” rating and lifted their target price for the company from $147.00 to $197.00 in a research report on Friday, July 12th. Nine equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $210.54.

Tesla Price Performance

TSLA traded up $9.42 during trading on Friday, hitting $250.08. 86,726,285 shares of the company traded hands, compared to its average volume of 81,772,848. The company has a current ratio of 1.91, a quick ratio of 1.40 and a debt-to-equity ratio of 0.08. The company has a market cap of $798.92 billion, a PE ratio of 63.80, a P/E/G ratio of 6.79 and a beta of 2.29. The stock’s 50-day simple moving average is $224.00 and its two-hundred day simple moving average is $201.39. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $271.00.

Tesla (NASDAQ:TSLA) last posted its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS 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 firm had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tesla, Inc. will post 1.74 earnings per share for the current fiscal year.

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.