Financial Life Advisors Acquires Shares of 786 Tesla, Inc. (NASDAQ:TSLA)

Financial Life Advisors acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA – Get Rating) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 786 shares of the electric vehicle producer’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds have also bought and sold shares of TSLA. Axiom Financial Strategies LLC boosted its holdings in shares of Tesla by 9.8% in the first quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock worth $777,000 after acquiring an additional 81 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Tesla by 19.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock worth $1,079,672,000 after acquiring an additional 164,789 shares during the period. MAS Advisors LLC boosted its holdings in shares of Tesla by 25.7% in the first quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock worth $433,000 after acquiring an additional 81 shares during the period. Ergoteles LLC boosted its holdings in shares of Tesla by 33.4% in the first quarter. Ergoteles LLC now owns 3,567 shares of the electric vehicle producer’s stock worth $3,844,000 after acquiring an additional 893 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in shares of Tesla by 6.8% in the first quarter. Mackenzie Financial Corp now owns 72,167 shares of the electric vehicle producer’s stock worth $77,767,000 after acquiring an additional 4,593 shares during the period. 43.00% of the stock is owned by institutional investors.

Tesla Stock Performance

Tesla stock opened at $122.40 on Tuesday. The stock’s 50 day simple moving average is $155.42 and its two-hundred day simple moving average is $224.68. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.46. The stock has a market cap of $386.51 billion, a price-to-earnings ratio of 37.82, a PEG ratio of 0.95 and a beta of 2.02. Tesla, Inc. has a fifty-two week low of $101.81 and a fifty-two week high of $384.29.

Tesla (NASDAQ:TSLA – Get Rating) last posted its quarterly earnings data on Wednesday, October 19th. The electric vehicle producer reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. The business had revenue of $21.45 billion for the quarter, compared to analysts’ expectations of $21.96 billion. Tesla had a return on equity of 31.10% and a net margin of 14.95%. The business’s revenue was up 55.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 EPS. As a group, analysts expect that Tesla, Inc. will post 3.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, CEO Elon Musk sold 9,650,000 shares of Tesla stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $208.58, for a total transaction of $2,012,797,000.00. Following the sale, the chief executive officer now directly owns 455,467,432 shares of the company’s stock, valued at approximately $95,001,396,966.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO Vaibhav Taneja sold 3,768 shares of the business’s stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $178.07, for a total value of $670,967.76. Following the sale, the chief accounting officer now directly owns 95,785 shares of the company’s stock, valued at approximately $17,056,434.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Elon Musk sold 9,650,000 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $208.58, for a total value of $2,012,797,000.00. Following the completion of the sale, the chief executive officer now directly owns 455,467,432 shares in the company, valued at $95,001,396,966.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,172,833 shares of company stock valued at $4,492,567,309. 25.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TSLA. Global Equities Research reissued a “buy” rating on shares of Tesla in a research note on Tuesday, November 8th. Oppenheimer lowered Tesla from an “outperform” rating to a “market perform” rating in a research note on Monday, December 19th. JPMorgan Chase & Co. dropped their price objective on Tesla from $150.00 to $125.00 and set an “underweight” rating for the company in a research note on Tuesday, January 3rd. Robert W. Baird dropped their price objective on Tesla from $316.00 to $252.00 and set an “outperform” rating for the company in a research note on Wednesday, December 28th. Finally, Guggenheim lowered Tesla from a “neutral” rating to a “sell” rating in a research note on Friday. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $225.95.

About Tesla

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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.