Curran Financial Partners LLC Takes $211,000 Position in Tesla, Inc. (NASDAQ:TSLA)

Curran Financial Partners LLC acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the second quarter, HoldingsChannel reports. The firm acquired 806 shares of the electric vehicle producer’s stock, valued at approximately $211,000.

Other large investors also recently bought and sold shares of the company. MidWestOne Financial Group Inc. raised its position in shares of Tesla by 3.3% in the 1st quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer’s stock worth $509,000 after acquiring an additional 15 shares in the last quarter. Linscomb & Williams Inc. raised its position in shares of Tesla by 3.5% in the 1st quarter. Linscomb & Williams Inc. now owns 1,233 shares of the electric vehicle producer’s stock worth $1,329,000 after acquiring an additional 42 shares in the last quarter. Indiana Trust & Investment Management CO raised its position in shares of Tesla by 1.5% in the 2nd quarter. Indiana Trust & Investment Management CO now owns 2,998 shares of the electric vehicle producer’s stock worth $785,000 after acquiring an additional 45 shares in the last quarter. Salem Investment Counselors Inc. raised its position in shares of Tesla by 22.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 263 shares of the electric vehicle producer’s stock worth $283,000 after acquiring an additional 48 shares in the last quarter. Finally, Johnson Bixby & Associates LLC raised its position in shares of Tesla by 2.1% in the 1st quarter. Johnson Bixby & Associates LLC now owns 2,769 shares of the electric vehicle producer’s stock worth $574,000 after acquiring an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 41.87% of the company’s stock.

Insider Activity at Tesla

In related news, CFO Zachary Kirkhorn sold 3,750 shares of Tesla stock in a transaction on 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 in the company, valued at $55,054,398. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Zachary Kirkhorn sold 3,750 shares of Tesla stock in a transaction on 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 in the company, valued at $55,054,398. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 1,065 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $249.62, for a total value of $265,845.30. Following the completion of the sale, the senior vice president now owns 59,540 shares in the company, valued at $14,862,374.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,815 shares of company stock worth $14,384,135. Company insiders own 20.90% of the company’s stock.

Tesla Stock Performance

Shares of TSLA stock opened at $265.28 on Tuesday. The business’s 50 day moving average is $255.83 and its two-hundred day moving average is $220.81. Tesla, Inc. has a 12-month low of $101.81 and a 12-month high of $313.80. The company has a market capitalization of $842.00 billion, a P/E ratio of 75.15, a P/E/G ratio of 4.28 and a beta of 2.09. The company has a current ratio of 1.59, a quick ratio of 1.07 and a debt-to-equity ratio of 0.02.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, July 19th. The electric vehicle producer reported $0.91 EPS for the quarter, topping the consensus estimate of $0.69 by $0.22. Tesla had a return on equity of 26.10% and a net margin of 12.97%. The business had revenue of $24.93 billion during the quarter, compared to analyst estimates of $24.22 billion. During the same period last year, the business posted $0.65 earnings per share. The company’s quarterly revenue was up 47.2% on a year-over-year basis. Analysts expect that Tesla, Inc. will post 2.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on TSLA shares. JPMorgan Chase & Co. upped their target price on Tesla from $115.00 to $120.00 and gave the company an “underweight” rating in a research report on Monday, July 3rd. KGI Securities raised Tesla from a “neutral” rating to an “outperform” rating in a research report on Monday, June 12th. Guggenheim reaffirmed a “sell” rating and set a $125.00 target price on shares of Tesla in a research report on Monday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $305.00 target price on shares of Tesla in a research report on Tuesday, September 12th. Finally, Barclays lowered Tesla from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $220.00 to $260.00 in a research report on Wednesday, June 21st. Six equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Tesla has a consensus rating of “Hold” and a consensus price target of $239.43.

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. 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.