Tesla, Inc. (NASDAQ:TSLA) Holdings Lifted by Financial Perspectives Inc

Financial Perspectives Inc boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,737 shares of the electric vehicle producer’s stock after acquiring an additional 117 shares during the quarter. Financial Perspectives Inc’s holdings in Tesla were worth $1,531,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank & Trust Co bought a new stake in Tesla during the second quarter worth approximately $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of Tesla during the 2nd quarter valued at $26,000. OLD Point Trust & Financial Services N A bought a new stake in shares of Tesla during the 4th quarter worth $37,000. Kessler Investment Group LLC grew 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 worth $38,000 after acquiring an additional 51 shares during the last quarter. Finally, Aspect Partners LLC lifted its holdings in shares of Tesla by 121.3% during the second quarter. Aspect Partners LLC now owns 208 shares of the electric vehicle producer’s stock valued at $41,000 after purchasing an additional 114 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TSLA has been the topic of a number of analyst reports. HSBC lifted their price target on Tesla from $120.00 to $130.00 in a research note on Wednesday, July 10th. Canaccord Genuity Group restated a “buy” rating and set a $254.00 price target on shares of Tesla in a report on Friday. Piper Sandler reaffirmed an “overweight” rating and issued a $300.00 price objective on shares of Tesla in a research note on Monday, August 19th. William Blair initiated coverage on shares of Tesla in a research note on Thursday, August 29th. They set an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $295.00 target price on shares of Tesla in a research report on Tuesday, September 10th. Nine equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Tesla has a consensus rating of “Hold” and an average price target of $209.60.

Tesla Price Performance

NASDAQ TSLA opened at $230.29 on Monday. The stock has a market capitalization of $734.44 billion, a PE ratio of 58.75, a P/E/G ratio of 6.08 and a beta of 2.29. The stock has a 50-day simple moving average of $223.37 and a 200 day simple moving average of $194.57. 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 twelve month low of $138.80 and a twelve month high of $278.98.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The company had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 EPS. Research analysts anticipate that Tesla, Inc. will post 1.75 EPS for the current year.

Insider Activity

In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction 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 sale, the director now owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 85,000 shares in the company, valued at $18,696,600. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the sale, 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 company insiders.

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.