ORG Partners LLC Has $5.77 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

ORG Partners LLC boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 674.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,510 shares of the electric vehicle producer’s stock after purchasing an additional 23,960 shares during the period. ORG Partners LLC’s holdings in Tesla were worth $5,773,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TSLA. International Assets Investment Management LLC lifted its position in shares of Tesla by 5.0% in the fourth quarter. International Assets Investment Management LLC now owns 24,963 shares of the electric vehicle producer’s stock worth $6,203,000 after purchasing an additional 1,189 shares in the last quarter. Crestwood Advisors Group LLC lifted its position in Tesla by 19.0% in the 4th quarter. Crestwood Advisors Group LLC now owns 8,528 shares of the electric vehicle producer’s stock worth $2,119,000 after buying an additional 1,361 shares in the last quarter. Outlook Wealth Advisors LLC acquired a new stake in shares of Tesla during the 4th quarter valued at $278,000. Capital Advisors Inc. OK grew its stake in Tesla by 23.7% in the fourth quarter. Capital Advisors Inc. OK now owns 19,505 shares of the electric vehicle producer’s stock valued at $4,847,000 after purchasing an additional 3,742 shares in the last quarter. Finally, Sumitomo Life Insurance Co. grew its stake in shares of Tesla by 21.9% in the 4th quarter. Sumitomo Life Insurance Co. now owns 37,690 shares of the electric vehicle producer’s stock valued at $9,365,000 after buying an additional 6,783 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tesla

In other news, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the sale, the senior vice president now directly owns 65,155 shares in the company, valued at approximately $11,350,652.55. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the company’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 $11,350,652.55. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robyn M. Denholm sold 66,364 shares of Tesla stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the transaction, the director now owns 85,000 shares of the company’s stock, valued at $18,696,600. The disclosure for this sale can be found here. Insiders own 25.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Royal Bank of Canada dropped their price objective on Tesla from $227.00 to $224.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. China Renaissance raised Tesla from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research note on Friday, July 5th. TD Cowen raised their target price on Tesla from $160.00 to $180.00 and gave the company a “hold” rating in a research note on Wednesday, July 3rd. Barclays dropped their price objective on shares of Tesla from $225.00 to $220.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Finally, Truist Financial reissued a “hold” rating and issued a $215.00 target price on shares of Tesla in a research note on Wednesday. Nine equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Tesla has a consensus rating of “Hold” and a consensus target price of $204.21.

Tesla Trading Down 3.1 %

Tesla stock traded down $6.45 during mid-day trading on Wednesday, hitting $201.38. 70,105,295 shares of the stock were exchanged, compared to its average volume of 99,443,680. The stock has a market capitalization of $642.24 billion, a price-to-earnings ratio of 51.44, a PEG ratio of 5.17 and a beta of 2.31. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $278.98. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. The firm’s fifty day simple moving average is $213.12 and its two-hundred day simple moving average is $190.56.

Tesla (NASDAQ:TSLA) last announced its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The firm had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. Tesla had a return on equity of 10.41% and a net margin of 13.00%. Tesla’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 EPS. Analysts forecast that Tesla, Inc. will post 1.79 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.