Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Financial Engines Advisors L.L.C.

Financial Engines Advisors L.L.C. lowered its stake in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 6.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,217 shares of the electric vehicle producer’s stock after selling 303 shares during the quarter. Financial Engines Advisors L.L.C.’s holdings in Tesla were worth $2,840,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TSLA. Vanguard Group Inc. lifted its position in Tesla by 4.4% in the first quarter. Vanguard Group Inc. now owns 65,171,982 shares of the electric vehicle producer’s stock valued at $70,229,327,000 after buying an additional 2,723,410 shares during the last quarter. Loomis Sayles & Co. L P lifted its position in shares of Tesla by 269,229.9% during the first quarter. Loomis Sayles & Co. L P now owns 1,613,286 shares of the electric vehicle producer’s stock worth $1,738,477,000 after purchasing an additional 1,612,687 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Tesla by 109.2% during the first quarter. Renaissance Technologies LLC now owns 1,555,375 shares of the electric vehicle producer’s stock worth $1,676,072,000 after purchasing an additional 811,900 shares in the last quarter. Aaron Wealth Advisors LLC lifted its position in shares of Tesla by 116,334.1% during the first quarter. Aaron Wealth Advisors LLC now owns 752,164 shares of the electric vehicle producer’s stock worth $698,000 after purchasing an additional 751,518 shares in the last quarter. Finally, Banco Santander S.A. lifted its position in shares of Tesla by 2,437.5% during the second quarter. Banco Santander S.A. now owns 674,891 shares of the electric vehicle producer’s stock worth $454,485,000 after purchasing an additional 648,294 shares in the last quarter. Institutional investors and hedge funds own 43.01% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on TSLA shares. Truist Financial increased their price target on shares of Tesla from $333.00 to $348.00 and gave the stock a “buy” rating in a research report on Monday, October 3rd. Mizuho reduced their price target on shares of Tesla from $370.00 to $330.00 and set a “buy” rating on the stock in a research report on Thursday, October 20th. Morgan Stanley cut their target price on shares of Tesla from $350.00 to $330.00 and set an “overweight” rating on the stock in a research note on Monday, October 24th. Evercore ISI upped their target price on shares of Tesla from $267.00 to $300.00 in a research note on Thursday, October 13th. Finally, JPMorgan Chase & Co. increased their price target on shares of Tesla from $137.00 to $153.00 in a research note on Monday, October 3rd. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $278.43.

Insider Buying and Selling

In related news, CEO Elon Musk sold 9,650,000 shares of Tesla stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 455,467,432 shares in the company, valued at approximately $95,001,396,966.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Tesla news, CEO Elon Musk sold 9,650,000 shares of Tesla stock in a transaction dated 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 owns 455,467,432 shares in the company, valued at approximately $95,001,396,966.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Zachary Kirkhorn sold 3,750 shares of Tesla stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $300.59, for a total value of $1,127,212.50. Following the completion of the sale, the chief financial officer now owns 192,777 shares of the company’s stock, valued at approximately $57,946,838.43. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,119,001 shares of company stock worth $2,874,560,178. 25.10% of the stock is owned by corporate insiders.

Tesla Trading Up 7.8 %

Shares of TSLA stock opened at $183.20 on Thursday. Tesla, Inc. has a fifty-two week low of $166.18 and a fifty-two week high of $402.67. The stock has a market cap of $578.50 billion, a P/E ratio of 56.60, a P/E/G ratio of 1.50 and a beta of 1.97. The business has a fifty day simple moving average of $231.28 and a 200-day simple moving average of $249.33. The company has a quick ratio of 1.04, a current ratio of 1.46 and a debt-to-equity ratio of 0.05.

Tesla (NASDAQ:TSLAGet Rating) last announced its quarterly earnings results on Wednesday, October 19th. The electric vehicle producer reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.14. The business had revenue of $21.45 billion during 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 for the quarter was up 55.9% on a year-over-year basis. During the same quarter last year, the business posted $0.48 earnings per share. On average, analysts forecast that Tesla, Inc. will post 3.61 earnings per share for the current fiscal year.

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.

Further Reading

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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