2 weeks Ago By ABMN Staff
Beaird Harris Wealth Management LLC raised its stake in Tesla, Inc. ( NASDAQ:TSLA – Free Report ) by 60.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC).
The fund owned 2,181 shares of the electric vehicle producer’s stock after purchasing an additional 821 shares during the period. Beaird Harris Wealth Management LLC’s holdings in Tesla were worth $432,000 at the end of the most recent quarter. Other large investors also recently modified their holdings of the company.
Integris Wealth Management LLC grew its stake in Tesla by 1.0% in the 2nd quarter. Integris Wealth Management LLC now owns 4,065 shares of the electric vehicle producer’s stock valued at $804,000 after buying an additional 42 shares during the last quarter.
Echo Wealth Management LLC boosted its holdings in shares of Tesla by 0.7% during the second quarter. Echo Wealth Management LLC now owns 6,474 shares of the electric vehicle producer’s stock worth $1,281,000 after acquiring an additional 44 shares during the period.
WASHINGTON TRUST Co grew its position in shares of Tesla by 3.2% in the second quarter. WASHINGTON TRUST Co now owns 1,433 shares of the electric vehicle producer’s stock valued at $284,000 after purchasing an additional 45 shares during the last quarter.
Bellevue Asset Management LLC increased its stake in shares of Tesla by 1.6% during the second quarter. Bellevue Asset Management LLC now owns 2,868 shares of the electric vehicle producer’s stock worth $568,000 after purchasing an additional 45 shares during the period.
Finally, Cypress Capital Group boosted its stake in Tesla by 1.7% in the 2nd quarter. Cypress Capital Group now owns 2,806 shares of the electric vehicle producer’s stock valued at $555,000 after purchasing an additional 47 shares during the period.
66.20% of the stock is owned by institutional investors. Insider Buying and Selling In related news, CFO Vaibhav Taneja sold 8,000 shares of Tesla stock in a transaction on Monday, September 23rd.
The shares were sold at an average price of $250.00, for a total value of $2,000,000.00.
Following the completion of the sale, the chief financial officer now owns 105,032 shares of the company’s stock, valued at approximately $26,258,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website . 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 stock was sold at an average price of $219.96, for a total value of $14,597,425.
44. Following the completion of the transaction, the director now owns 85,000 shares in the company, valued at approximately $18,696,600. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website .
Also, CFO Vaibhav Taneja sold 8,000 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $250.00, for a total transaction of $2,000,000.
00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $26,258,000. The disclosure for this sale can be found here .
Insiders sold 74,661 shares of company stock valued at $16,663,291 over the last 90 days. Company insiders own 25.10% of the company’s stock.
Tesla Stock Performance Tesla ( NASDAQ:TSLA – Get Free Report ) last announced its quarterly 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). The business had revenue of $25.
50 billion during 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 company’s revenue was up 2.
3% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 earnings per share.
Equities research analysts anticipate that Tesla, Inc. will post 1.75 earnings per share for the current year.
Wall Street Analyst Weigh In Several brokerages have weighed in on TSLA. Citigroup dropped their price objective on shares of Tesla from $274.00 to $258.
00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Sanford C. Bernstein reiterated an “underperform” rating and issued a $120.
00 price target on shares of Tesla in a research note on Monday, June 10th. Mizuho increased their price target on Tesla from $180.00 to $230.
00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Glj Research reaffirmed a “sell” rating and issued a $24.86 price objective on shares of Tesla in a report on Thursday.
Finally, China Renaissance raised Tesla from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Friday, July 5th. 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 company.
Based on data from MarketBeat.com, Tesla presently has an average rating of “Hold” and an average price target of $209.90.
Read Our Latest Research Report on TSLA Tesla Company Profile ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. ( NASDAQ:TSLA – Free Report ).
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