Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Burkett Financial Services LLC

Burkett Financial Services LLC decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 45.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 385 shares of the electric vehicle producer’s stock after selling 320 shares during the quarter. Burkett Financial Services LLC’s holdings in Tesla were worth $101,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of TSLA. Bank & Trust Co acquired a new stake in Tesla in the 2nd quarter worth about $25,000. Valley Wealth Managers Inc. purchased a new position in shares of Tesla during the 2nd quarter worth about $26,000. Abich Financial Wealth Management LLC boosted its position in shares of Tesla by 168.8% in the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock worth $26,000 after acquiring an additional 81 shares during the last quarter. Clean Yield Group grew its holdings in Tesla by 60.0% in the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock valued at $33,000 after purchasing an additional 48 shares during the period. Finally, M&R Capital Management Inc. increased its position in Tesla by 263.2% during the third quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer’s stock worth $36,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In related news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the sale, the senior vice president now owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the sale, the senior vice president now directly owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 66,364 shares of the firm’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 value of $14,597,425.44. Following the completion of the sale, the director now owns 85,000 shares of the company’s stock, valued at $18,696,600. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 74,661 shares of company stock valued at $16,663,291 in the last three months. Corporate insiders own 25.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TSLA shares. Guggenheim boosted their price objective on shares of Tesla from $134.00 to $153.00 and gave the company a “sell” rating in a research note on Friday, September 13th. HSBC increased their target price on shares of Tesla from $120.00 to $130.00 in a research report on Wednesday, July 10th. Wells Fargo & Company reiterated an “underweight” rating and set a $120.00 price objective on shares of Tesla in a research note on Monday, July 1st. KGI Securities reiterated a “neutral” rating and issued a $236.00 price target on shares of Tesla in a report on Thursday, July 25th. Finally, Citigroup decreased their target price on shares of Tesla from $274.00 to $258.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Nine equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $210.90.

Tesla Stock Up 0.1 %

Shares of NASDAQ TSLA traded up $0.18 during mid-day trading on Wednesday, reaching $244.68. The company had a trading volume of 30,160,682 shares, compared to its average volume of 94,876,422. The stock has a fifty day moving average of $224.61 and a two-hundred day moving average of $202.78. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $271.00. The company has a market capitalization of $781.66 billion, a price-to-earnings ratio of 62.55, a PEG ratio of 6.80 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 (NASDAQ:TSLA) last issued 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 net margin of 13.00% and a return on equity of 10.41%. The company had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. During the same period last year, the business earned $0.78 EPS. The company’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, equities research analysts expect that Tesla, Inc. will post 1.75 EPS for the current 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.