Leelyn Smith LLC Purchases 149 Shares of Tesla, Inc. (NASDAQ:TSLA)

Leelyn Smith LLC grew its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,980 shares of the electric vehicle producer’s stock after acquiring an additional 149 shares during the period. Leelyn Smith LLC’s holdings in Tesla were worth $2,173,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank & Trust Co bought a new position in shares of Tesla during the second quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new position in shares of Tesla during the second quarter valued at about $26,000. OLD Point Trust & Financial Services N A bought a new position in shares of Tesla during the fourth quarter valued at about $37,000. Kessler Investment Group LLC raised its stake 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 valued at $38,000 after acquiring an additional 51 shares during the last quarter. Finally, Aspect Partners LLC raised its stake in Tesla by 121.3% in the second quarter. Aspect Partners LLC now owns 208 shares of the electric vehicle producer’s stock worth $41,000 after buying an additional 114 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Trading Up 0.2 %

Shares of TSLA stock opened at $230.29 on Friday. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $278.98. 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 firm’s 50 day moving average is $223.37 and its 200 day moving average is $194.66. The stock has a market capitalization of $735.69 billion, a P/E ratio of 58.75, a P/E/G ratio of 6.03 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last issued its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) 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 company had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter in the prior year, the business posted $0.78 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Research analysts expect that Tesla, Inc. will post 1.75 earnings per share for the current year.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Piper Sandler reissued an “overweight” rating and issued a $300.00 price target on shares of Tesla in a research note on Monday, August 19th. Canaccord Genuity Group reissued a “buy” rating and issued a $254.00 price target on shares of Tesla in a research note on Friday. Wells Fargo & Company reissued an “underweight” rating and issued a $120.00 price target on shares of Tesla in a research note on Monday, July 1st. HSBC increased their price target on shares of Tesla from $120.00 to $130.00 in a research note on Wednesday, July 10th. Finally, Wolfe Research assumed coverage on shares of Tesla in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Nine investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.