XML Financial LLC Has $1.18 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

XML Financial LLC boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,964 shares of the electric vehicle producer’s stock after purchasing an additional 174 shares during the period. XML Financial LLC’s holdings in Tesla were worth $1,180,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Bank & Trust Co acquired a new stake in Tesla during the second quarter worth approximately $25,000. OLD Point Trust & Financial Services N A acquired a new stake in shares of Tesla in the 4th quarter valued at $37,000. Kessler Investment Group LLC boosted its holdings in shares of Tesla by 35.9% in the 2nd quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle producer’s stock valued at $38,000 after purchasing an additional 51 shares in the last quarter. Aspect Partners LLC boosted its holdings in shares of Tesla by 121.3% during the 2nd 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. Finally, Guardian Wealth Management Inc. acquired a new stake in shares of Tesla during the 4th quarter valued at $47,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TSLA has been the subject of several analyst reports. Barclays lowered their price objective on Tesla from $225.00 to $220.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Truist Financial reaffirmed a “hold” rating and issued a $215.00 target price on shares of Tesla in a research report on Wednesday, August 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research report on Wednesday, July 24th. Wells Fargo & Company reiterated an “underweight” rating and set a $120.00 price target on shares of Tesla in a research note on Monday, July 1st. Finally, New Street Research downgraded Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price target for the company. in a research note on Wednesday, July 24th. Nine analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and an average price target of $204.21.

Tesla Trading Up 1.0 %

Tesla stock traded up $2.17 during trading hours on Wednesday, hitting $223.27. The company had a trading volume of 70,008,684 shares, compared to its average volume of 98,837,898. The company has a 50-day moving average price of $218.05 and a two-hundred day moving average price of $191.69. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $278.98. The firm has a market cap of $713.27 billion, a P/E ratio of 56.96, a P/E/G ratio of 5.60 and a beta of 2.31. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.10). Tesla had a return on equity of 10.41% and a net margin of 13.00%. 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 previous year, the company posted $0.78 EPS. Tesla’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, sell-side analysts anticipate that Tesla, Inc. will post 1.79 earnings per share for the current year.

Insider Buying and Selling

In other Tesla news, 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction 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 $18,696,600. The disclosure for this sale can be found here. 25.10% of the stock is currently owned by company insiders.

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.