Blue Barn Wealth LLC Acquires 321 Shares of Tesla, Inc. (NASDAQ:TSLA)

Blue Barn Wealth LLC raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 21.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,805 shares of the electric vehicle producer’s stock after buying an additional 321 shares during the period. Blue Barn Wealth LLC’s holdings in Tesla were worth $357,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. DDFG Inc boosted its holdings in shares of Tesla by 7.1% in the 4th quarter. DDFG Inc now owns 1,065 shares of the electric vehicle producer’s stock valued at $265,000 after buying an additional 71 shares during the last quarter. Vantage Financial Partners LLC boosted its holdings in shares of Tesla by 6.4% in the 4th quarter. Vantage Financial Partners LLC now owns 5,763 shares of the electric vehicle producer’s stock valued at $1,432,000 after buying an additional 346 shares during the last quarter. Gilbert & Cook Inc. boosted its holdings in shares of Tesla by 8.7% in the 4th quarter. Gilbert & Cook Inc. now owns 13,511 shares of the electric vehicle producer’s stock valued at $3,357,000 after buying an additional 1,086 shares during the last quarter. 9258 Wealth Management LLC boosted its holdings in shares of Tesla by 1.1% in the 4th quarter. 9258 Wealth Management LLC now owns 6,165 shares of the electric vehicle producer’s stock valued at $1,532,000 after buying an additional 69 shares during the last quarter. Finally, Rollins Financial boosted its holdings in shares of Tesla by 10.2% in the 4th quarter. Rollins Financial now owns 120,416 shares of the electric vehicle producer’s stock valued at $29,921,000 after buying an additional 11,191 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

TSLA has been the subject of several recent analyst reports. Argus reissued a “buy” rating and issued a $286.00 price objective on shares of Tesla in a report on Friday, July 26th. Guggenheim reissued a “sell” rating and issued a $134.00 price objective on shares of Tesla in a report on Tuesday, July 23rd. 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 report on Wednesday, July 24th. Canaccord Genuity Group raised their price target on Tesla from $222.00 to $254.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Finally, The Goldman Sachs Group cut their price target on Tesla from $248.00 to $230.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Nine equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Tesla has an average rating of “Hold” and a consensus target price of $204.21.

Tesla Stock Down 0.6 %

Shares of NASDAQ TSLA opened at $228.82 on Friday. 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, Inc. has a 52 week low of $138.80 and a 52 week high of $278.98. The stock has a market capitalization of $731.00 billion, a P/E ratio of 58.72, a PEG ratio of 5.55 and a beta of 2.29. The stock’s fifty day moving average is $224.21 and its 200 day moving average is $193.52.

Tesla (NASDAQ:TSLA) last released its earnings results 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). 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 the consensus estimate of $24.38 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The business’s revenue was up 2.3% on a year-over-year basis. Sell-side analysts forecast that Tesla, Inc. will post 1.79 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of Tesla stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $219.96, for a total value of $14,597,425.44. Following the transaction, the director now owns 85,000 shares in the company, valued at $18,696,600. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 25.10% of the company’s stock.

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.