Financial Perspectives Inc Has $1.34 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Financial Perspectives Inc grew its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,620 shares of the electric vehicle producer’s stock after acquiring an additional 143 shares during the quarter. Financial Perspectives Inc’s holdings in Tesla were worth $1,339,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wyrmwood Management LLC acquired a new position in Tesla during the 4th quarter worth approximately $25,000. Lam Group Inc. bought a new stake in shares of Tesla during the 4th quarter worth approximately $25,000. Mendota Financial Group LLC raised its stake in shares of Tesla by 202.2% during the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after purchasing an additional 91 shares in the last quarter. OLD Point Trust & Financial Services N A bought a new stake in Tesla in the 4th quarter valued at $37,000. Finally, Guardian Wealth Management Inc. acquired a new stake in shares of Tesla during the 4th quarter worth $47,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TSLA. Barclays lowered their price objective on Tesla from $225.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Truist Financial reissued a “hold” rating and issued a $162.00 price objective on shares of Tesla in a research note on Wednesday. Jefferies Financial Group cut their price objective on Tesla from $185.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, April 10th. Mizuho cut their price objective on Tesla from $195.00 to $180.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $175.00 price objective on shares of Tesla in a research report on Wednesday. Seven 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $189.47.

Tesla Stock Performance

NASDAQ:TSLA traded up $15.13 during mid-day trading on Thursday, hitting $246.39. 166,561,471 shares of the company traded hands, compared to its average volume of 80,957,576. The stock’s fifty day moving average price is $182.57 and its 200-day moving average price is $191.32. Tesla, Inc. has a one year low of $138.80 and a one year high of $299.29. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The firm has a market cap of $785.79 billion, a price-to-earnings ratio of 62.85, a price-to-earnings-growth ratio of 5.74 and a beta of 2.31.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. The firm had revenue of $21.30 billion during the quarter, compared to analyst estimates of $22.15 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. Research analysts anticipate that Tesla, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,772,900. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the sale, the senior vice president now 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The disclosure for this sale can be found here. Insiders own 20.90% of the company’s stock.

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.