Triad Wealth Partners LLC Boosts Stake in Tesla, Inc. $TSLA

Triad Wealth Partners LLC lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 251.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 14,333 shares of the electric vehicle producer’s stock after acquiring an additional 10,249 shares during the period. Triad Wealth Partners LLC’s holdings in Tesla were worth $6,374,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Relyea Zuckerberg Hanson LLC raised its holdings in shares of Tesla by 0.4% during the 3rd quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer’s stock valued at $2,916,000 after buying an additional 23 shares in the last quarter. Equita Financial Network Inc. grew its position in Tesla by 2.8% during the third quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer’s stock valued at $380,000 after acquiring an additional 23 shares during the last quarter. VanderPol Investments L.L.C. raised its stake in shares of Tesla by 2.2% during the third quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer’s stock worth $464,000 after acquiring an additional 23 shares in the last quarter. Resonant Capital Advisors LLC lifted its holdings in shares of Tesla by 0.3% in the 3rd quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer’s stock worth $3,814,000 after acquiring an additional 23 shares during the last quarter. Finally, Pinnacle Bancorp Inc. boosted its stake in shares of Tesla by 4.1% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 609 shares of the electric vehicle producer’s stock valued at $271,000 after purchasing an additional 24 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In other Tesla news, Director James R. Murdoch sold 60,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $445.40, for a total value of $26,724,000.00. Following the completion of the sale, the director directly owned 577,031 shares in the company, valued at $257,009,607.40. This trade represents a 9.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Vaibhav Taneja sold 2,637 shares of the company’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 transaction, the chief financial officer owned 13,757 shares in the company, valued at $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 over the last three months. Corporate insiders own 19.90% of the company’s stock.

Analyst Upgrades and Downgrades

TSLA has been the subject of several analyst reports. Roth Mkm set a $505.00 price target on shares of Tesla and gave the company a “buy” rating in a research report on Thursday, October 23rd. Cantor Fitzgerald set a $510.00 target price on Tesla and gave the company an “overweight” rating in a report on Thursday, October 23rd. BNP Paribas Exane raised their price target on Tesla from $307.00 to $313.00 in a research report on Monday, December 1st. DZ Bank reiterated a “sell” rating on shares of Tesla in a research report on Tuesday, January 6th. Finally, Canaccord Genuity Group raised their target price on shares of Tesla from $482.00 to $551.00 and gave the stock a “buy” rating in a report on Tuesday, December 23rd. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and eight have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $410.77.

Check Out Our Latest Research Report on TSLA

Tesla Price Performance

Shares of Tesla stock opened at $449.06 on Friday. The company has a market cap of $1.49 trillion, a PE ratio of 299.37, a P/E/G ratio of 7.66 and a beta of 1.83. The business has a 50 day moving average of $444.81 and a 200 day moving average of $403.25. Tesla, Inc. has a 52 week low of $214.25 and a 52 week high of $498.83. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLAGet Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $24.98 billion. During the same period in the prior year, the business earned $0.72 EPS. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. As a group, equities research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

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.

Further Reading

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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