John W. Brooker & Co. CPAs Increases Position in Tesla, Inc. $TSLA

John W. Brooker & Co. CPAs increased its position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 89.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,855 shares of the electric vehicle producer’s stock after acquiring an additional 1,822 shares during the quarter. Tesla makes up approximately 3.5% of John W. Brooker & Co. CPAs’ holdings, making the stock its 11th biggest holding. John W. Brooker & Co. CPAs’ holdings in Tesla were worth $1,714,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Chapman Financial Group LLC purchased a new stake in shares of Tesla in the second quarter valued at $26,000. Chelsea Counsel Co. boosted its stake in Tesla by 59.7% in the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock worth $28,000 after buying an additional 40 shares during the last quarter. LGT Financial Advisors LLC purchased a new stake in Tesla in the 2nd quarter valued at about $29,000. CoreFirst Bank & Trust acquired a new position in shares of Tesla during the 2nd quarter valued at about $30,000. Finally, ESL Trust Services LLC lifted its holdings in shares of Tesla by 1,900.0% during the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after acquiring an additional 95 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,637 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the sale, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at approximately $6,107,145.01. This trade represents a 16.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the sale, the director directly owned 1,391,615 shares in the company, valued at $627,145,215.90. This trade represents a 3.92% decrease in their position. The SEC filing for this sale provides additional information. 19.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TSLA shares. Piper Sandler reaffirmed an “overweight” rating and set a $500.00 price target on shares of Tesla in a research report on Tuesday, December 9th. CICC Research upped their price objective on Tesla from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Cowen reissued a “buy” rating on shares of Tesla in a research report on Monday, November 17th. DZ Bank restated a “sell” rating on shares of Tesla in a research note on Thursday, October 23rd. Finally, President Capital lifted their price objective on Tesla from $373.00 to $529.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have issued a Hold rating and nine have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $414.50.

View Our Latest Report on TSLA

Tesla Price Performance

Shares of NASDAQ TSLA opened at $475.19 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. Tesla, Inc. has a 1-year low of $214.25 and a 1-year high of $498.83. The company has a market capitalization of $1.58 trillion, a price-to-earnings ratio of 316.79, a PEG ratio of 12.01 and a beta of 1.87. The business has a 50-day moving average of $444.97 and a 200-day moving average of $386.90.

Tesla (NASDAQ:TSLAGet Free Report) last released its quarterly earnings results 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 return on equity of 6.61% and a net margin of 5.51%.The firm had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. During the same period in the previous year, the company posted $0.72 EPS. Tesla’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, equities analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Tesla Company 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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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