Curated Wealth Partners LLC lifted its stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 10.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,434 shares of the electric vehicle producer’s stock after purchasing an additional 223 shares during the quarter. Curated Wealth Partners LLC’s holdings in Tesla were worth $637,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Lakewood Asset Management LLC purchased a new stake in shares of Tesla during the 4th quarter worth about $25,000. Alpha Paradigm Partners LLC bought a new position in shares of Tesla in the 3rd quarter valued at approximately $27,000. GW&K Investment Management LLC bought a new position in shares of Tesla in the 1st quarter valued at approximately $30,000. MayTech Global Investments LLC bought a new position in shares of Tesla in the 4th quarter valued at approximately $30,000. Finally, St. Johns Investment Management Company LLC increased its position in Tesla by 451.9% in the 1st quarter. St. Johns Investment Management Company LLC now owns 149 shares of the electric vehicle producer’s stock worth $31,000 after buying an additional 122 shares during the period. Institutional investors and hedge funds own 41.87% of the company’s stock.
Insider Activity at Tesla
In related news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $243.13, for a total value of $2,552,865.00. Following the completion of the sale, the senior vice president now owns 66,834 shares in the company, valued at $16,249,350.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Tesla news, CFO Zachary Kirkhorn sold 3,750 shares of the business’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $278.70, for a total value of $1,045,125.00. Following the completion of the transaction, the chief financial officer now directly owns 197,540 shares of the company’s stock, valued at $55,054,398. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $243.13, for a total value of $2,552,865.00. Following the completion of the transaction, the senior vice president now directly owns 66,834 shares of the company’s stock, valued at $16,249,350.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,815 shares of company stock worth $14,384,135. 25.10% of the stock is owned by insiders.
Tesla Trading Down 0.6 %
Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings data on Wednesday, July 19th. The electric vehicle producer reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.22. The business had revenue of $24.93 billion during the quarter, compared to the consensus estimate of $24.22 billion. Tesla had a return on equity of 26.10% and a net margin of 12.97%. The firm’s revenue was up 47.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.65 earnings per share. As a group, equities research analysts expect that Tesla, Inc. will post 2.94 EPS for the current year.
Wall Street Analyst Weigh In
TSLA has been the topic of several recent analyst reports. Barclays downgraded Tesla from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $220.00 to $260.00 in a research report on Wednesday, June 21st. Morgan Stanley raised Tesla from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $250.00 to $400.00 in a research report on Sunday, September 10th. Citigroup lifted their price target on Tesla from $215.00 to $278.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on Tesla from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, July 3rd. Finally, KGI Securities raised Tesla from a “neutral” rating to an “outperform” rating in a report on Monday, June 12th. Six equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $239.43.
Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. It 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, retail merchandise, and vehicle insurance services.
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