Tesla, Inc. (NASDAQ:TSLA) Shares Bought by RPg Family Wealth Advisory LLC

RPg Family Wealth Advisory LLC increased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 5.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,766 shares of the electric vehicle producer’s stock after purchasing an additional 155 shares during the quarter. RPg Family Wealth Advisory LLC’s holdings in Tesla were worth $547,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Bank & Trust Co acquired a new position in shares of Tesla during the second quarter valued at approximately $25,000. Valley Wealth Managers Inc. purchased a new position in Tesla in the second quarter worth approximately $26,000. OLD Point Trust & Financial Services N A purchased a new position in shares of Tesla during the fourth quarter worth $37,000. Kessler Investment Group LLC boosted its position in shares of Tesla by 35.9% during the second quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle producer’s stock worth $38,000 after buying an additional 51 shares during the period. Finally, Aspect Partners LLC raised its stake in shares of Tesla by 121.3% in the second quarter. Aspect Partners LLC now owns 208 shares of the electric vehicle producer’s stock valued at $41,000 after acquiring an additional 114 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Price Performance

Shares of TSLA opened at $227.87 on Wednesday. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $273.93. The stock’s 50 day moving average is $222.16 and its two-hundred day moving average is $194.93. The firm has a market capitalization of $726.72 billion, a PE ratio of 58.13, a P/E/G ratio of 6.08 and a beta of 2.29. The company has a current ratio of 1.91, a quick ratio of 1.40 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data 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). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The business had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same period in the prior year, the firm posted $0.78 EPS. Tesla’s revenue for the quarter was up 2.3% compared to the same quarter last year. Research analysts anticipate that Tesla, Inc. will post 1.75 earnings per share for the current year.

Insider Activity

In other news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the sale, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Robyn M. Denholm sold 66,364 shares of Tesla stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 85,000 shares in the company, valued at approximately $18,696,600. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the sale, the senior vice president now owns 67,491 shares of the company’s stock, valued at $14,967,479.07. The disclosure for this sale can be found here. Insiders own 25.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TSLA shares. Piper Sandler restated an “overweight” rating and issued a $300.00 price target on shares of Tesla in a research note on Monday, August 19th. Truist Financial restated a “hold” rating and issued a $215.00 price target on shares of Tesla in a research note on Wednesday, August 14th. Mizuho raised their price target on Tesla from $180.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Argus restated a “buy” rating and issued a $286.00 price target on shares of Tesla in a research note on Friday, July 26th. Finally, KGI Securities restated a “neutral” rating and issued a $236.00 price target on shares of Tesla in a research note on Thursday, July 25th. Nine research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Tesla has an average rating of “Hold” and a consensus price target of $209.60.

Tesla 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.