Farther Finance Advisors LLC Boosts Position in Tesla, Inc. $TSLA

Farther Finance Advisors LLC grew its position in Tesla, Inc. (NASDAQ:TSLAFree Report) by 25.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,164 shares of the electric vehicle producer’s stock after buying an additional 14,934 shares during the quarter. Farther Finance Advisors LLC’s holdings in Tesla were worth $32,538,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TSLA. Brighton Jones LLC raised its position in Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after acquiring an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after purchasing an additional 931 shares in the last quarter. Bison Wealth LLC raised its position in shares of Tesla by 52.2% during the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after purchasing an additional 3,558 shares during the last quarter. AlphaQuest LLC lifted its stake in Tesla by 34.2% in the 1st quarter. AlphaQuest LLC now owns 259 shares of the electric vehicle producer’s stock valued at $67,000 after buying an additional 66 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in Tesla by 13.0% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 16,065 shares of the electric vehicle producer’s stock valued at $4,164,000 after buying an additional 1,849 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Price Performance

Tesla stock opened at $485.56 on Wednesday. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $498.83. 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 firm has a 50 day moving average price of $442.16 and a 200 day moving average price of $383.92. The company has a market cap of $1.61 trillion, a price-to-earnings ratio of 323.71, a PEG ratio of 12.35 and a beta of 1.87.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings results 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 company had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. During the same quarter last year, the business earned $0.72 EPS. Tesla’s revenue for the quarter was up 11.6% on a year-over-year basis. Sell-side analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Ratings Changes

TSLA has been the subject of a number of analyst reports. Canaccord Genuity Group boosted their price target on Tesla from $482.00 to $551.00 and gave the stock a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Tesla from $470.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Cowen reaffirmed a “buy” rating on shares of Tesla in a research note on Monday, November 17th. Industrial Alliance Securities set a $300.00 price objective on shares of Tesla in a research report on Monday, October 13th. Finally, China Renaissance upped their price objective on shares of Tesla from $349.00 to $380.00 and gave the company a “hold” rating in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have issued a Hold rating and nine have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $414.50.

View Our Latest Stock Report on Tesla

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 2,637 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the sale, the chief financial officer owned 13,757 shares in the company, valued at approximately $6,107,145.01. The trade was a 16.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kimbal Musk sold 56,820 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the sale, the director directly owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. This trade represents a 3.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 19.90% of the stock is currently owned by insiders.

Tesla Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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