Tesla, Inc. $TSLA Shares Bought by Acropolis Investment Management LLC

Acropolis Investment Management LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA) by 45.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,247 shares of the electric vehicle producer’s stock after acquiring an additional 1,633 shares during the period. Acropolis Investment Management LLC’s holdings in Tesla were worth $2,333,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TSLA. Holos Integrated Wealth LLC raised its holdings in shares of Tesla by 10.8% during the 2nd quarter. Holos Integrated Wealth LLC now owns 309 shares of the electric vehicle producer’s stock valued at $102,000 after buying an additional 30 shares during the period. Dominguez Wealth Management Solutions Inc. grew its position in Tesla by 4.5% in the third quarter. Dominguez Wealth Management Solutions Inc. now owns 704 shares of the electric vehicle producer’s stock valued at $313,000 after acquiring an additional 30 shares in the last quarter. First Merchants Corp raised its stake in shares of Tesla by 1.3% during the second quarter. First Merchants Corp now owns 2,413 shares of the electric vehicle producer’s stock valued at $767,000 after purchasing an additional 31 shares during the period. Kaye Capital Management lifted its position in shares of Tesla by 3.1% during the second quarter. Kaye Capital Management now owns 1,047 shares of the electric vehicle producer’s stock worth $333,000 after purchasing an additional 31 shares in the last quarter. Finally, Spectrum Wealth Advisory Group LLC boosted its stake in shares of Tesla by 3.4% in the second quarter. Spectrum Wealth Advisory Group LLC now owns 941 shares of the electric vehicle producer’s stock valued at $299,000 after purchasing an additional 31 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Trading Down 4.6%

Tesla stock opened at $467.26 on Thursday. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $495.28. The firm’s 50-day moving average is $437.67 and its 200-day moving average is $378.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The company has a market cap of $1.55 trillion, a P/E ratio of 311.51, a PEG ratio of 12.24 and a beta of 1.87.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. On average, equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,637 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the sale, the chief financial officer owned 13,757 shares of the company’s stock, valued at approximately $6,107,145.01. This trade represents a 16.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 56,820 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total value of $25,606,501.20. Following the transaction, the director owned 1,391,615 shares of the company’s stock, valued at $627,145,215.90. This represents a 3.92% decrease in their position. The SEC filing for this sale provides additional information. 19.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on TSLA shares. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a report on Thursday, October 23rd. Cowen reaffirmed a “buy” rating on shares of Tesla in a research report on Monday, November 17th. Truist Financial increased their price target on Tesla from $280.00 to $406.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on Tesla from $440.00 to $470.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, Canaccord Genuity Group cut their target price on Tesla from $490.00 to $482.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have issued a Hold rating and nine have assigned a Sell rating to the company. Based on data from MarketBeat, Tesla has an average rating of “Hold” and a consensus target price of $400.86.

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.