Ashton Thomas Private Wealth LLC Has $1.30 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

by · The Cerbat Gem

Ashton Thomas Private Wealth LLC raised its stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 9.3% during the third quarter, HoldingsChannel.com reports. The fund owned 4,980 shares of the electric vehicle producer’s stock after acquiring an additional 423 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Tesla were worth $1,303,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. raised its stake in shares of Tesla by 0.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer’s stock valued at $6,399,000 after acquiring an additional 331 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Tesla by 0.5% during the first quarter. Kingsview Wealth Management LLC now owns 34,682 shares of the electric vehicle producer’s stock worth $6,097,000 after purchasing an additional 157 shares during the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of Tesla by 12.4% in the first quarter. Orion Portfolio Solutions LLC now owns 77,359 shares of the electric vehicle producer’s stock valued at $13,599,000 after buying an additional 8,534 shares in the last quarter. Private Portfolio Partners LLC raised its holdings in shares of Tesla by 21.0% in the first quarter. Private Portfolio Partners LLC now owns 2,077 shares of the electric vehicle producer’s stock valued at $365,000 after buying an additional 360 shares during the last quarter. Finally, Brighton Jones LLC grew its holdings in Tesla by 19.5% during the 1st quarter. Brighton Jones LLC now owns 72,529 shares of the electric vehicle producer’s stock worth $12,750,000 after acquiring an additional 11,826 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 4,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $350.00, for a total value of $1,400,000.00. Following the sale, the chief financial officer now owns 105,032 shares of the company’s stock, valued at $36,761,200. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the sale, the senior vice president now owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $350.00, for a total value of $1,400,000.00. Following the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at $36,761,200. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 188,797 shares of company stock valued at $57,616,781 in the last quarter. 20.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TSLA shares. Canaccord Genuity Group boosted their target price on shares of Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $295.00 price objective on shares of Tesla in a report on Tuesday, September 10th. Roth Mkm reissued a “neutral” rating and issued a $85.00 target price on shares of Tesla in a research note on Friday, October 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research note on Thursday, October 24th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $280.00 price objective on shares of Tesla in a research report on Tuesday, August 20th. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $225.06.

View Our Latest Stock Report on Tesla

Tesla Trading Up 0.5 %

TSLA opened at $330.24 on Thursday. The stock has a market capitalization of $1.06 trillion, a P/E ratio of 90.48, a P/E/G ratio of 10.67 and a beta of 2.29. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $358.64. The firm’s fifty day simple moving average is $246.26 and its 200 day simple moving average is $218.16.

Tesla (NASDAQ:TSLA – Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. The company had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 earnings per share. As a group, research analysts anticipate that Tesla, Inc. will post 1.99 EPS for the current fiscal year.

About Tesla

(Free Report)

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.

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