Tesla, Inc. $TSLA is United Capital Management of KS Inc.’s 5th Largest Position

United Capital Management of KS Inc. grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,654 shares of the electric vehicle producer’s stock after buying an additional 1,939 shares during the period. Tesla accounts for approximately 3.3% of United Capital Management of KS Inc.’s holdings, making the stock its 5th biggest position. United Capital Management of KS Inc.’s holdings in Tesla were worth $21,173,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. LGT Financial Advisors LLC purchased a new position in shares of Tesla during the second quarter valued at approximately $29,000. Arcadia Investment Management Corp MI purchased a new stake in shares of Tesla in the 1st quarter worth approximately $27,000. Chelsea Counsel Co. grew its stake in shares of Tesla by 59.7% in the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock worth $28,000 after buying an additional 40 shares during the last quarter. Evergreen Private Wealth LLC increased its position in Tesla by 270.0% during the 2nd quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock valued at $35,000 after buying an additional 81 shares in the last quarter. Finally, Centennial Bank AR increased its position in Tesla by 833.3% during the 1st quarter. Centennial Bank AR now owns 112 shares of the electric vehicle producer’s stock valued at $29,000 after buying an additional 100 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Down 3.4%

TSLA opened at $433.72 on Monday. The stock has a market capitalization of $1.44 trillion, a price-to-earnings ratio of 289.15, a PEG ratio of 15.45 and a beta of 2.08. The firm has a 50 day moving average price of $398.06 and a 200-day moving average price of $341.21. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $488.54. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on TSLA. Barclays reissued a “negative” rating and issued a $350.00 target price (up from $275.00) on shares of Tesla in a report on Thursday, October 16th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Tesla from $435.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday. Robert W. Baird upgraded shares of Tesla from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $320.00 to $548.00 in a research note on Friday, September 19th. Truist Financial upped their target price on shares of Tesla from $280.00 to $406.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Baird R W raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twelve have issued a Hold rating and eleven have issued a Sell rating to the company’s stock. According to MarketBeat, Tesla presently has a consensus rating of “Hold” and an average price target of $381.00.

Insider Buying and Selling

In related news, SVP Xiaotong Zhu sold 20,000 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the sale, the senior vice president owned 47,600 shares in the company, valued at approximately $17,314,500. This represents a 29.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James R. Murdoch sold 60,000 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $422.68, for a total value of $25,360,800.00. Following the completion of the transaction, the director directly owned 637,031 shares in the company, valued at approximately $269,260,263.08. This represents a 8.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 202,606 shares of company stock valued at $75,588,902 over the last 90 days. Company insiders own 19.90% of the company’s stock.

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.