YHB Investment Advisors Inc. Increases Stake in Tesla, Inc.

YHB Investment Advisors Inc. has increased its investment in Tesla, Inc. (NASDAQ:TSLA) by 16.7% during the third quarter, according to recent reports. This institutional investor now holds 2,613 shares of Tesla’s stock, having added 374 additional shares throughout the quarter. As of the most recent filing with the SEC, YHB Investment Advisors’ stake in Tesla is valued at approximately $684,000.

Other institutional investors have also made adjustments to their holdings of Tesla shares. Notably, International Assets Investment Management LLC made a massive leap by increasing its stake by 35,611.2%, bringing their total to 11,054,391 shares valued at around $2.89 billion after acquiring over 11 million additional shares. Additionally, Capital Investment Counsel Inc. raised its holdings by 14.1%, totaling 3,370 shares worth $882,000 after buying another 416 shares. McAdam LLC also slightly increased its position by 1.4%, resulting in a total of 7,232 shares valued at $1.89 million after an additional purchase of 100 shares.

Similarly, RAM Investment Partners LLC raised its holdings by 1.4%, ending up with 4,108 shares valued at $1.07 million after purchasing 58 shares in the last quarter. Wallington Asset Management LLC entered the scene by acquiring a new stake in Tesla during this quarter valued at $280,000. Collectively, institutional investors and hedge funds own approximately 66.20% of Tesla’s shares.

Tesla Stock Overview

The stock of Tesla opened at $260.48 recently. The company has maintained a current ratio of 1.91, a quick ratio of 1.40, and a healthy debt-to-equity ratio of 0.08. With a market capitalization pegged at $832.14 billion, its price-to-earnings (P/E) ratio stands at 73.17, while its price-to-earnings-growth (PEG) ratio is at 6.24, with a beta of 2.29. The company’s stock has shown significant activity, with a 50-day moving average of $228.54 and a 200-day moving average of $206.41. Tesla experienced a twelve-month low of $138.80 and a peak of $271.00.

Tesla released its quarterly earnings data on October 23rd, reporting $0.72 earnings per share (EPS), which exceeded analysts’ expectations of $0.58 by $0.14. The company recorded a revenue of $25.18 billion for the quarter, slightly under the consensus estimate of $25.47 billion. Tesla’s return on equity was measured at 10.41%, while its net margin stood at 13.00%. Revenue for the quarter marked a 7.8% increase compared to the same period last year, with the previous year showing an EPS of $0.53. Research analysts generally forecast an EPS of 1.75 for Tesla for the current fiscal year.

Insider Transactions

In related developments, Tesla's CFO, Vaibhav Taneja, sold 8,000 shares on September 23rd at an average price of $250, amounting to a total transaction value of $2,000,000. Following this sale, he retains 105,032 shares valued at about $26.26 million, indicating no change in ownership percentage. Additional insider transactions included SVP Xiaotong Zhu, who sold 297 shares on September 6th for a total of $65,865.69. Post-sale, Zhu owns 67,491 shares valued at approximately $14.97 million. Overall, company insiders hold about 20.70% of Tesla’s stock.

Analyst Opinions

A variety of analysts have provided insights into Tesla’s stock. Citigroup recently adjusted its price target from $274.00 to $258.00, classifying it as a "neutral" investment in their reports. Meanwhile, TD Cowen raised their target to $180.00 from $160.00, also rating it as a "hold." UBS Group downgraded Tesla from a "neutral" rating to a "sell," with a revised price objective set at $197.00. China Renaissance upgraded its outlook, shifting from a "hold" to a "buy" rating with a target of $290.00. HSBC has maintained a "reduce" rating with a price target set at $124.00. Presently, analysts rate the stock with eight sell ratings, seventeen holds, and fourteen buys, resulting in an average recommendation of "Hold" with a consensus target price of $218.18.

A Closer Look at Tesla

Tesla, Inc. is known for designing, developing, manufacturing, leasing, and selling electric vehicles as well as energy generation and storage systems, with operations in the United States, China, and internationally. The firm is divided into two segments: Automotive and Energy Generation and Storage. The Automotive segment encompasses electric vehicle offerings, automotive regulatory credits, non-warranty after-sales services, used cars, body shop operations, supercharging services, retail merchandise, and vehicle insurance.

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