Whelan Financial Raises Holdings in Tesla, Inc. (NASDAQ:TSLA)

Whelan Financial grew its position in Tesla, Inc. (NASDAQ:TSLA) by 19.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,256 shares of the electric vehicle producer’s stock after purchasing an additional 203 shares during the quarter. Whelan Financial’s holdings in Tesla were worth $221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wyrmwood Management LLC acquired a new stake in shares of Tesla in the fourth quarter valued at approximately $25,000. Lam Group Inc. acquired a new position in Tesla in the fourth quarter valued at $25,000. Mendota Financial Group LLC increased its stake in shares of Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after acquiring an additional 91 shares during the period. OLD Point Trust & Financial Services N A purchased a new position in Tesla during the fourth quarter worth about $37,000. Finally, Kathleen S. Wright Associates Inc. lifted its holdings in shares of Tesla by 111.1% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock valued at $47,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Activity at Tesla

In other news, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares in the company, valued at approximately $11,350,652.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,772,900. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the transaction, the senior vice president now owns 65,155 shares in the company, valued at $11,350,652.55. The disclosure for this sale can be found here. 20.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TSLA shares. Truist Financial restated a “hold” rating and set a $162.00 target price on shares of Tesla in a research report on Wednesday. Morgan Stanley reiterated an “overweight” rating and issued a $310.00 target price on shares of Tesla in a research report on Thursday, June 20th. Royal Bank of Canada dropped their price target on Tesla from $293.00 to $227.00 and set an “outperform” rating on the stock in a research report on Thursday, June 20th. Bank of America raised shares of Tesla from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a report on Wednesday, April 24th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $175.00 price target on shares of Tesla in a research report on Wednesday. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $189.47.

Tesla Trading Up 6.5 %

Shares of Tesla stock traded up $15.13 on Thursday, reaching $246.39. 166,561,471 shares of the company were exchanged, compared to its average volume of 80,957,576. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $299.29. The firm has a market capitalization of $785.79 billion, a price-to-earnings ratio of 62.85, a price-to-earnings-growth ratio of 5.74 and a beta of 2.31. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average price of $182.57 and a 200-day moving average price of $191.32.

Tesla (NASDAQ:TSLA) last announced its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The company had revenue of $21.30 billion during the quarter, compared to analysts’ expectations of $22.15 billion. On average, analysts expect that Tesla, Inc. will post 1.86 EPS for the current year.

About Tesla

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.