3,336 Tesla, Inc. $TSLA Shares Acquired by MSH Capital Advisors LLC

MSH Capital Advisors LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 28.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,906 shares of the electric vehicle producer's stock after purchasing an additional 3,336 shares during the quarter. Tesla comprises approximately 0.8% of MSH Capital Advisors LLC's portfolio, making the stock its 27th biggest holding. MSH Capital Advisors LLC's holdings in Tesla were worth $5,286,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cornerstone Advisory LLC grew its position in shares of Tesla by 14.4% in the third quarter. Cornerstone Advisory LLC now owns 4,334 shares of the electric vehicle producer's stock valued at $1,538,000 after purchasing an additional 547 shares in the last quarter. Ibex Wealth Advisors raised its stake in shares of Tesla by 13.7% during the 3rd quarter. Ibex Wealth Advisors now owns 7,265 shares of the electric vehicle producer's stock valued at $2,578,000 after purchasing an additional 875 shares during the period. Condor Capital Management raised its stake in shares of Tesla by 3.8% during the 3rd quarter. Condor Capital Management now owns 1,868 shares of the electric vehicle producer's stock valued at $663,000 after purchasing an additional 69 shares during the period. Wellington Grp LLC lifted its holdings in Tesla by 31.3% during the 3rd quarter. Wellington Grp LLC now owns 16,069 shares of the electric vehicle producer's stock worth $5,701,000 after purchasing an additional 3,828 shares in the last quarter. Finally, Bernicke Wealth Management Ltd. purchased a new stake in Tesla during the 3rd quarter worth about $2,388,000. Institutional investors own 66.20% of the company's stock.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total value of $938,498.78. Following the completion of the transaction, the chief financial officer owned 25,972 shares of the company's stock, valued at $9,353,296.36. The trade was a 9.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is currently owned by insiders.

Tesla Price Performance

Shares of TSLA traded down $7.23 during trading hours on Friday, reaching $390.22. 32,239,788 shares of the company's stock traded hands, compared to its average volume of 40,913,836. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The company has a current ratio of 1.74, a quick ratio of 1.39 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.54 trillion, a PE ratio of 428.82, a price-to-earnings-growth ratio of 24.62 and a beta of 1.74. The firm's 50 day simple moving average is $374.75 and its 200-day simple moving average is $383.05.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. The company had revenue of $28.05 billion for the quarter, compared to analysts' expectations of $28.06 billion. Tesla had a net margin of 3.11% and a return on equity of 3.03%. Tesla's revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 earnings per share. Equities analysts expect that Tesla, Inc. will post 0.67 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group upgraded Tesla from a "neutral" rating to a "buy" rating in a research note on Monday, October 26th. Deutsche Bank assumed coverage on Tesla in a research report on Monday, October 26th. They set a "buy" rating on the stock. Royal Bank Of Canada downgraded shares of Tesla from an "outperform" rating to a "sector perform" rating in a report on Thursday, October 22nd. Glj Research restated a "sell" rating on shares of Tesla in a research report on Friday. Finally, Wall Street Zen cut shares of Tesla from a "hold" rating to a "sell" rating in a research note on Saturday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, seventeen have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $414.51.

Tesla News Summary

Here's some of the latest news about TSLA:

• Neutral Sentiment: Tesla’s robotaxi and autonomy plans remain a potential growth driver, but regulatory hurdles, costs and the challenge of building a profitable service leave execution uncertain. Article: Is Tesla Stock Worth Buying Now on Robotaxi and FSD Progress?
• Negative Sentiment: The potential merger faces political headwinds: Texas’ attorney general-elect has pledged “tremendous scrutiny,” and another report flags possible Democratic opposition. Added review could delay or complicate a deal. Article: Texas AG-elect vows scrutiny of SpaceX-Tesla merger
• Negative Sentiment: Tesla’s latest quarter showed flat year-over-year revenue, while SpaceX reportedly grew revenue 161%, raising questions about the relative growth and valuation of the businesses in a possible combination. GLJ Research also reaffirmed its sell rating. Article: Tesla and SpaceX Could Announce a Merger as Soon as December

Tesla Company Profile

Tesla, Inc. designs, develops, manufactures and sells electric vehicles and energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y and Cybertruck, along with related software and services. The company also provides energy generation and storage products, including solar systems, Powerwall home batteries and Megapack utility-scale storage. Its services include vehicle maintenance, charging through the Supercharger network and software features for its vehicles. Founded in 2003 and headquartered in Austin, Texas, Tesla serves customers in markets around the world.

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