Juncture Wealth Strategies LLC lessened its holdings in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 59.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,593 shares of the electric vehicle producer’s stock after selling 2,338 shares during the period. Juncture Wealth Strategies LLC’s holdings in Tesla were worth $417,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of TSLA. Alpha Paradigm Partners LLC acquired a new position in shares of Tesla in the 3rd quarter worth approximately $27,000. GW&K Investment Management LLC bought a new position in Tesla during the first quarter worth $30,000. St. Johns Investment Management Company LLC lifted its holdings in Tesla by 451.9% in the first quarter. St. Johns Investment Management Company LLC now owns 149 shares of the electric vehicle producer’s stock valued at $31,000 after buying an additional 122 shares during the period. Worth Asset Management LLC bought a new stake in Tesla during the first quarter valued at $111,000. Finally, Magellan Asset Management Ltd bought a new position in shares of Tesla in the 1st quarter worth about $34,000. 41.87% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
TSLA has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on Tesla from $260.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, July 3rd. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $150.00 price objective on shares of Tesla in a research report on Thursday, July 20th. Truist Financial boosted their target price on shares of Tesla from $240.00 to $254.00 and gave the company a “hold” rating in a research report on Thursday, July 20th. Barclays cut shares of Tesla from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $220.00 to $260.00 in a report on Wednesday, June 21st. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $275.00 price objective on shares of Tesla in a research report on Monday. Six investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $239.43.
Insider Buying and Selling
In other Tesla news, CFO Zachary Kirkhorn sold 3,750 shares of the firm’s 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 sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Xiaotong Zhu sold 1,065 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 59,540 shares of the company’s stock, valued at approximately $14,862,374.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Zachary Kirkhorn sold 3,750 shares of the business’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $278.70, for a total transaction of $1,045,125.00. Following the sale, the chief financial officer now directly owns 197,540 shares in the company, valued at approximately $55,054,398. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,815 shares of company stock valued at $14,384,135. 20.90% of the stock is owned by company insiders.
Tesla Trading Down 3.3 %
Shares of Tesla stock opened at $265.28 on Tuesday. The stock has a fifty day moving average price of $255.83 and a 200-day moving average price of $220.81. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.59 and a quick ratio of 1.07. The firm has a market cap of $842.00 billion, a PE ratio of 75.15, a P/E/G ratio of 4.28 and a beta of 2.09. Tesla, Inc. has a 1 year low of $101.81 and a 1 year high of $313.80.
Tesla (NASDAQ:TSLA – Get Free Report) last announced its quarterly earnings data 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 net margin of 12.97% and a return on equity of 26.10%. The business had revenue of $24.93 billion for the quarter, compared to analyst estimates of $24.22 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The company’s revenue for the quarter was up 47.2% on a year-over-year basis. Equities research analysts anticipate that Tesla, Inc. will post 2.94 EPS for the current year.
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. 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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