Tesla, Inc. (NASDAQ:TSLA) Stake Boosted by Bill Few Associates Inc.

Bill Few Associates Inc. boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 18.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,367 shares of the electric vehicle producer’s stock after buying an additional 524 shares during the quarter. Bill Few Associates Inc.’s holdings in Tesla were worth $666,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. International Assets Investment Management LLC lifted its stake in 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 valued at $6,203,000 after acquiring an additional 1,189 shares during the last quarter. Crestwood Advisors Group LLC grew its holdings in shares of Tesla by 19.0% during the 4th quarter. Crestwood Advisors Group LLC now owns 8,528 shares of the electric vehicle producer’s stock worth $2,119,000 after purchasing an additional 1,361 shares in the last quarter. Outlook Wealth Advisors LLC bought a new stake in Tesla in the 4th quarter valued at $278,000. Capital Advisors Inc. OK raised its position 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 worth $4,847,000 after purchasing an additional 3,742 shares in the last quarter. Finally, Sumitomo Life Insurance Co. lifted its position in shares of Tesla by 21.9% during the 4th quarter. Sumitomo Life Insurance Co. now owns 37,690 shares of the electric vehicle producer’s stock worth $9,365,000 after buying an additional 6,783 shares during the period. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

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

Tesla Stock Down 3.0 %

Shares of TSLA stock traded down $6.31 during midday trading on Wednesday, reaching $201.52. 65,433,313 shares of the stock were exchanged, compared to its average volume of 99,417,172. The firm has a market cap of $642.69 billion, a PE ratio of 51.44, a price-to-earnings-growth ratio of 5.17 and a beta of 2.31. The company has a current ratio of 1.91, a quick ratio of 1.40 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $213.12 and its two-hundred day moving average is $190.56. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $278.98.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The firm had revenue of $25.50 billion during 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 revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 EPS. On average, equities research analysts predict that Tesla, Inc. will post 1.79 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. The Goldman Sachs Group reduced their target price on Tesla from $248.00 to $230.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Piper Sandler lifted their target price on shares of Tesla from $205.00 to $300.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Stifel Nicolaus initiated coverage on shares of Tesla in a research note on Tuesday, June 25th. They set a “buy” rating and a $265.00 price objective on the stock. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Wednesday, July 24th. Finally, China Renaissance upgraded shares of Tesla from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a report on Friday, July 5th. Nine research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus target price of $204.21.

Tesla Company Profile

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.