Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Alpha Family Trust

Alpha Family Trust increased its position in Tesla, Inc. (NASDAQ:TSLA) by 8.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,530 shares of the electric vehicle producer’s stock after purchasing an additional 985 shares during the period. Tesla accounts for about 1.5% of Alpha Family Trust’s investment portfolio, making the stock its 12th biggest holding. Alpha Family Trust’s holdings in Tesla were worth $2,479,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TSLA. Bank & Trust Co acquired a new position in Tesla in the second quarter valued at approximately $25,000. Valley Wealth Managers Inc. bought a new stake in shares of Tesla during the second quarter valued at approximately $26,000. OLD Point Trust & Financial Services N A bought a new stake in shares of Tesla during the fourth quarter valued at approximately $37,000. Kessler Investment Group LLC raised its holdings 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 buying an additional 51 shares during the last quarter. Finally, Aspect Partners LLC raised 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 buying an additional 114 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on TSLA. Piper Sandler reissued an “overweight” rating and set a $300.00 target price on shares of Tesla in a report on Monday, August 19th. Morgan Stanley reissued an “overweight” rating and set a $310.00 target price on shares of Tesla in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $295.00 target price on shares of Tesla in a report on Tuesday, September 10th. Stifel Nicolaus began coverage on Tesla in a report on Tuesday, June 25th. They set a “buy” rating and a $265.00 target price on the stock. Finally, Needham & Company LLC reissued a “hold” rating on shares of Tesla in a report on Wednesday, July 24th. Nine research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Tesla presently has a consensus rating of “Hold” and a consensus price target of $209.60.

Tesla Stock Down 1.5 %

TSLA stock opened at $226.78 on Tuesday. The company has a current ratio of 1.91, a quick ratio of 1.40 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $273.93. The company has a fifty day simple moving average of $222.85 and a 200 day simple moving average of $194.75. The firm has a market cap of $723.25 billion, a PE ratio of 57.85, a PEG ratio of 6.08 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data 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 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 analyst estimates of $24.38 billion. During the same period in the previous year, the firm posted $0.78 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Sell-side analysts anticipate that Tesla, Inc. will post 1.75 EPS for the current fiscal year.

Insider Activity at Tesla

In related news, Director Robyn M. Denholm sold 66,364 shares of Tesla 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 completion of the sale, the director now owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction on Friday, September 6th. The shares were 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 of the company’s stock, valued at approximately $14,967,479.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. The disclosure for this sale can be found here. 25.10% of the stock is owned by company insiders.

About Tesla

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.