Curio Wealth LLC Grows Stake in Tesla, Inc. $TSLA

Curio Wealth LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA) by 13,400.0% during the second quarter, HoldingsChannel reports. The fund owned 270 shares of the electric vehicle producer’s stock after purchasing an additional 268 shares during the period. Curio Wealth LLC’s holdings in Tesla were worth $86,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Siren L.L.C. purchased a new position in Tesla during the 1st quarter worth approximately $2,332,000. Zuckerman Investment Group LLC grew its stake in Tesla by 6.9% during the 1st quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer’s stock worth $3,304,000 after buying an additional 826 shares during the last quarter. Keystone Global Partners LLC purchased a new position in Tesla during the 1st quarter worth approximately $594,000. Strs Ohio purchased a new position in Tesla during the 1st quarter worth approximately $205,495,000. Finally, IFM Investors Pty Ltd grew its stake in Tesla by 8.5% during the 1st quarter. IFM Investors Pty Ltd now owns 586,460 shares of the electric vehicle producer’s stock worth $153,436,000 after buying an additional 46,087 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TSLA. DZ Bank reaffirmed a “sell” rating on shares of Tesla in a research report on Thursday. Melius Research set a $520.00 price objective on Tesla and gave the stock a “buy” rating in a research report on Monday, October 13th. Canaccord Genuity Group decreased their price objective on Tesla from $490.00 to $482.00 and set a “buy” rating for the company in a research report on Thursday. Industrial Alliance Securities set a $300.00 price objective on Tesla in a research report on Monday, October 13th. Finally, Piper Sandler increased their price objective on Tesla from $400.00 to $500.00 and gave the stock an “overweight” rating in a research report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twelve have given a Hold rating and eleven have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $380.03.

Tesla Stock Performance

NASDAQ TSLA opened at $433.72 on Friday. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $488.54. The stock has a market cap of $1.44 trillion, a price-to-earnings ratio of 289.15, a price-to-earnings-growth ratio of 16.13 and a beta of 2.08. The business has a fifty day moving average of $398.06 and a 200-day moving average of $339.92. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The company had revenue of $28.10 billion during the quarter, compared to analysts’ expectations of $24.98 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Activity

In other news, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction on Monday, September 15th. The stock was sold at an average price of $422.68, for a total value of $25,360,800.00. Following the completion of the sale, the director owned 637,031 shares of the company’s stock, valued at $269,260,263.08. The trade was a 8.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of Tesla stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of the sale, the senior vice president directly owned 47,600 shares of the company’s stock, valued at approximately $17,314,500. This represents a 29.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 202,606 shares of company stock valued at $75,588,902 over the last quarter. Company insiders own 19.90% of the company’s stock.

Tesla 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.