Evergreen Wealth Solutions LLC Acquires 204 Shares of Tesla, Inc. $TSLA

Evergreen Wealth Solutions LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 24.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,043 shares of the electric vehicle producer’s stock after buying an additional 204 shares during the period. Evergreen Wealth Solutions LLC’s holdings in Tesla were worth $270,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Virtus Advisers LLC bought a new position in Tesla during the first quarter worth $154,000. NCM Capital Management LLC bought a new position in Tesla during the first quarter worth $1,041,000. CSM Advisors LLC raised its stake in Tesla by 90.9% during the first quarter. CSM Advisors LLC now owns 1,523 shares of the electric vehicle producer’s stock worth $393,000 after buying an additional 725 shares during the last quarter. Full Sail Capital LLC bought a new position in Tesla during the first quarter worth $339,000. Finally, Ally Financial Inc. bought a new position in Tesla during the first quarter worth $5,183,000. Institutional investors own 66.20% of the company’s stock.

Insider Activity at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 15,000 shares of Tesla stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $323.81, for a total value of $4,857,150.00. Following the sale, the senior vice president owned 67,600 shares of the company’s stock, valued at approximately $21,889,556. The trade was a 18.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of Tesla stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the completion of the sale, the director directly owned 855,394 shares in the company, valued at approximately $305,632,276.20. This represents a 35.83% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 599,724 shares of company stock worth $213,126,501. Insiders own 20.70% of the company’s stock.

Tesla Stock Up 6.2%

Tesla stock opened at $340.01 on Monday. Tesla, Inc. has a fifty-two week low of $202.59 and a fifty-two week high of $488.54. The stock has a market cap of $1.10 trillion, a PE ratio of 196.54, a price-to-earnings-growth ratio of 11.82 and a beta of 2.33. The firm’s 50-day simple moving average is $321.27 and its 200 day simple moving average is $302.58. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). The company had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%.The business’s revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 EPS. Research analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TSLA has been the subject of a number of research reports. William Blair cut shares of Tesla from an “outperform” rating to a “market perform” rating in a report on Monday, July 7th. Daiwa Capital Markets restated a “neutral” rating on shares of Tesla in a report on Sunday, July 27th. Glj Research restated a “sell” rating on shares of Tesla in a report on Thursday, July 24th. Baird R W cut shares of Tesla from a “strong-buy” rating to a “hold” rating in a report on Monday, June 9th. Finally, Argus reiterated a “hold” rating on shares of Tesla in a report on Monday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, fifteen have issued a Hold rating and nine have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $303.31.

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.