Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Paragon Advisors LLC

Paragon Advisors LLC trimmed its stake in Tesla, Inc. (NASDAQ:TSLA) by 4.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 10,246 shares of the electric vehicle producer’s stock after selling 459 shares during the period. Paragon Advisors LLC’s holdings in Tesla were worth $2,681,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Natixis Advisors LLC boosted its stake in shares of Tesla by 6.6% in the third quarter. Natixis Advisors LLC now owns 1,750,576 shares of the electric vehicle producer’s stock valued at $458,003,000 after purchasing an additional 108,449 shares during the period. Mizuho Markets Americas LLC purchased a new position in Tesla in the 3rd quarter valued at approximately $52,326,000. TSA Wealth Managment LLC grew its stake in shares of Tesla by 23.4% in the third quarter. TSA Wealth Managment LLC now owns 1,822 shares of the electric vehicle producer’s stock worth $477,000 after acquiring an additional 345 shares in the last quarter. Meridian Investment Counsel Inc. purchased a new stake in shares of Tesla during the third quarter worth $230,000. Finally, Birchcreek Wealth Management LLC acquired a new stake in shares of Tesla in the third quarter valued at $277,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 8,000 shares of Tesla stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,258,000. The trade was a 7.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the sale, the director now owns 5,400 shares in the company, valued at $1,868,508. This trade represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 188,797 shares of company stock worth $57,616,781 over the last quarter. 20.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TSLA. Roth Mkm reiterated a “neutral” rating and issued a $85.00 price target on shares of Tesla in a research note on Friday, October 11th. KGI Securities upgraded Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 target price on the stock in a research note on Thursday, October 24th. New Street Research downgraded shares of Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price objective for the company. in a research report on Wednesday, July 24th. Wells Fargo & Company upped their price target on shares of Tesla from $120.00 to $125.00 and gave the stock an “underweight” rating in a research note on Thursday, October 24th. Finally, Citigroup reduced their price objective on Tesla from $274.00 to $258.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Nine research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $230.18.

Tesla Price Performance

TSLA opened at $320.72 on Friday. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $358.64. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.03 trillion, a price-to-earnings ratio of 87.87, a PEG ratio of 10.73 and a beta of 2.29. The company has a fifty day simple moving average of $252.30 and a 200 day simple moving average of $220.46.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm had revenue of $25.18 billion during the quarter, compared to analyst estimates of $25.47 billion. During the same quarter last year, the firm earned $0.53 EPS. Tesla’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts expect that Tesla, Inc. will post 1.99 EPS for the current fiscal 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.