Winthrop Advisory Group LLC Has $4.24 Million Stock Position in Tesla, Inc. $TSLA

Winthrop Advisory Group LLC increased its position in Tesla, Inc. (NASDAQ:TSLAFree Report) by 14.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,534 shares of the electric vehicle producer’s stock after buying an additional 1,186 shares during the period. Winthrop Advisory Group LLC’s holdings in Tesla were worth $4,240,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TSLA. Chapman Financial Group LLC acquired a new stake in shares of Tesla during the 2nd quarter valued at about $26,000. LGT Financial Advisors LLC acquired a new stake in Tesla during the second quarter valued at approximately $29,000. CoreFirst Bank & Trust bought a new stake in shares of Tesla in the 2nd quarter valued at approximately $30,000. ESL Trust Services LLC raised its holdings in shares of Tesla by 1,900.0% in the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after buying an additional 95 shares in the last quarter. Finally, Delos Wealth Advisors LLC bought a new position in shares of Tesla during the 2nd quarter worth approximately $32,000. 66.20% of the stock is owned by institutional investors.

Insider Transactions at Tesla

In related news, Director Kimbal Musk sold 56,820 shares of the stock in a transaction 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 $627,145,215.90. This trade represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $1,170,643.41. Following the completion of the transaction, the chief financial officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 119,457 shares of company stock valued at $53,501,145 in the last quarter. 19.90% of the stock is owned by insiders.

Tesla Stock Up 0.9%

NASDAQ TSLA opened at $448.96 on Tuesday. The business’s 50-day moving average is $443.90 and its 200 day moving average is $396.47. The stock has a market capitalization of $1.49 trillion, a PE ratio of 299.31, a PEG ratio of 7.40 and a beta of 1.83. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last announced its 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 firm had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. Sell-side analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TSLA. HSBC restated a “reduce” rating on shares of Tesla in a research report on Monday, November 17th. Dbs Bank upgraded Tesla to a “hold” rating in a research report on Wednesday, November 5th. Mizuho increased their target price on Tesla from $475.00 to $530.00 and gave the stock an “outperform” rating in a report on Tuesday, December 16th. Melius Research set a $520.00 price target on shares of Tesla and gave the stock a “buy” rating in a research report on Monday, October 13th. Finally, Wall Street Zen raised shares of Tesla from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have given a Hold rating and nine have assigned a Sell rating to the company. According to data from MarketBeat.com, Tesla presently has an average rating of “Hold” and a consensus target price of $408.54.

Read Our Latest Analysis on TSLA

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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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