Tesla, Inc. $TSLA Shares Sold by Libra Wealth LLC

Libra Wealth LLC decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 1.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,060 shares of the electric vehicle producer’s stock after selling 86 shares during the period. Tesla makes up about 0.5% of Libra Wealth LLC’s portfolio, making the stock its 22nd biggest holding. Libra Wealth LLC’s holdings in Tesla were worth $1,607,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. G2 Capital Management LLC OH raised its stake in shares of Tesla by 1.1% in the second quarter. G2 Capital Management LLC OH now owns 3,049 shares of the electric vehicle producer’s stock worth $969,000 after purchasing an additional 34 shares during the last quarter. CCG Wealth Management LLC increased its holdings in Tesla by 1.5% in the 2nd quarter. CCG Wealth Management LLC now owns 5,552 shares of the electric vehicle producer’s stock worth $1,764,000 after buying an additional 82 shares during the period. Alpha Financial Partners LLC raised its position in Tesla by 14.4% during the 2nd quarter. Alpha Financial Partners LLC now owns 1,545 shares of the electric vehicle producer’s stock worth $491,000 after buying an additional 195 shares during the last quarter. Acorn Creek Capital LLC lifted its stake in Tesla by 1.6% during the 2nd quarter. Acorn Creek Capital LLC now owns 2,194 shares of the electric vehicle producer’s stock valued at $697,000 after acquiring an additional 34 shares during the period. Finally, LRI Investments LLC boosted its holdings in shares of Tesla by 25.1% in the 2nd quarter. LRI Investments LLC now owns 3,756 shares of the electric vehicle producer’s stock valued at $1,193,000 after acquiring an additional 754 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Trading Up 5.4%

Shares of NASDAQ:TSLA opened at $435.90 on Tuesday. The business’s 50 day moving average price is $378.50 and its 200-day moving average price is $329.48. Tesla, Inc. has a 1 year low of $212.11 and a 1 year high of $488.54. The firm has a market capitalization of $1.45 trillion, a price-to-earnings ratio of 251.97, a price-to-earnings-growth ratio of 14.92 and a beta of 2.08. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on TSLA shares. Benchmark restated a “buy” rating and set a $475.00 target price (up from $350.00) on shares of Tesla in a research report on Thursday, June 26th. Wedbush boosted their price objective on Tesla from $500.00 to $600.00 and gave the company an “outperform” rating in a report on Friday, September 26th. Robert W. Baird raised Tesla from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $320.00 to $548.00 in a report on Friday, September 19th. The Goldman Sachs Group boosted their price target on Tesla from $395.00 to $425.00 and gave the company a “neutral” rating in a report on Friday, October 3rd. Finally, Baird R W raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have given a Hold rating and eight have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $363.03.

Insider Activity at Tesla

In related news, Director James R. Murdoch sold 120,000 shares of Tesla stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total value of $42,034,800.00. Following the sale, the director directly owned 697,031 shares in the company, valued at approximately $244,162,988.99. The trade was a 14.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of the transaction, the chief financial officer owned 9,856 shares in the company, valued at approximately $3,473,057.28. This trade represents a 20.91% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 202,606 shares of company stock valued at $75,588,902. 19.90% of the stock is owned by corporate insiders.

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. 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.