7,564 Tesla, Inc. $TSLA Shares Purchased by Phoenix Financial Ltd.

Phoenix Financial Ltd. boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 12.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 68,449 shares of the electric vehicle producer’s stock after acquiring an additional 7,564 shares during the period. Phoenix Financial Ltd.’s holdings in Tesla were worth $24,286,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of TSLA. Danica Pension Livsforsikringsaktieselskab lifted its stake in Tesla by 24.5% during the 3rd quarter. Danica Pension Livsforsikringsaktieselskab now owns 256,307 shares of the electric vehicle producer’s stock valued at $90,940,000 after acquiring an additional 50,517 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Tesla by 0.4% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 391,653 shares of the electric vehicle producer’s stock worth $138,962,000 after acquiring an additional 1,469 shares during the period. Hansen & Associates Financial Group Inc. grew its stake in shares of Tesla by 14.1% in the third quarter. Hansen & Associates Financial Group Inc. now owns 3,977 shares of the electric vehicle producer’s stock worth $1,491,000 after acquiring an additional 491 shares during the period. McLean Asset Management Corp raised its holdings in shares of Tesla by 2.9% during the third quarter. McLean Asset Management Corp now owns 1,546 shares of the electric vehicle producer’s stock valued at $531,000 after purchasing an additional 43 shares during the last quarter. Finally, Rasp Wealth Solutions LLC raised its holdings in shares of Tesla by 4.2% during the third quarter. Rasp Wealth Solutions LLC now owns 1,347 shares of the electric vehicle producer’s stock valued at $478,000 after purchasing an additional 54 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TSLA. Barclays upgraded shares of Tesla from an “outperform” rating to an “overweight” rating and raised their target price for the stock from $370.00 to $450.00 in a report on Monday, October 26th. Citigroup reiterated a “neutral” rating on shares of Tesla in a research note on Wednesday, October 21st. BMO Capital Markets began coverage on Tesla in a report on Monday, August 17th. They set an “outperform” rating on the stock. DZ Bank raised Tesla from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Finally, BNP Paribas Exane upgraded Tesla from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $266.00 to $420.00 in a research note on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, seventeen have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $414.51.

Tesla Price Performance

Tesla stock traded down $7.23 during mid-day trading on Friday, hitting $390.22. The stock had a trading volume of 32,239,788 shares, compared to its average volume of 40,913,836. The firm has a market capitalization of $1.54 trillion, a P/E ratio of 428.82, a P/E/G ratio of 24.62 and a beta of 1.74. 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 firm’s 50 day moving average is $374.75 and its 200 day moving average is $383.05. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $28.05 billion for the quarter, compared to analysts’ expectations of $28.06 billion. Tesla had a return on equity of 3.03% and a net margin of 3.11%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share. On average, sell-side analysts forecast that Tesla, Inc. will post 0.67 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the sale, the chief financial officer owned 25,972 shares in the company, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 20.00% of the company’s stock.

Top Tesla Stories

These are some of the TSLA stories that stood out recently:

• Positive Sentiment: Finland’s provisional approval of Tesla’s driver-assistance system adds momentum to its European FSD expansion and could support future software revenue, though broader EU approval is still pending. Article: Finland approves Tesla driver assistance system
• 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 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.