Tesla, Inc. $TSLA Shares Bought by Golden State Wealth Management LLC

Golden State Wealth Management LLC lifted its stake in Tesla, Inc. (NASDAQ:TSLA) by 25.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,143 shares of the electric vehicle producer’s stock after acquiring an additional 4,524 shares during the period. Tesla accounts for approximately 0.9% of Golden State Wealth Management LLC’s holdings, making the stock its 24th biggest position. Golden State Wealth Management LLC’s holdings in Tesla were worth $7,034,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in TSLA. Siren L.L.C. acquired a new stake in Tesla in the 1st quarter worth $2,332,000. Zuckerman Investment Group LLC lifted its holdings in shares of 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 acquiring an additional 826 shares during the period. Keystone Global Partners LLC bought a new position in shares of Tesla during the 1st quarter worth about $594,000. Strs Ohio bought a new position in shares of Tesla during the 1st quarter worth about $205,495,000. Finally, AustralianSuper Pty Ltd lifted its holdings in shares of Tesla by 1,823.0% during the 2nd quarter. AustralianSuper Pty Ltd now owns 68,325 shares of the electric vehicle producer’s stock worth $21,704,000 after acquiring an additional 64,772 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tesla

In other Tesla news, Director James R. Murdoch sold 60,000 shares of the firm’s 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 sale, the director owned 637,031 shares in the company, valued at approximately $269,260,263.08. This trade represents a 8.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of Tesla stock in a transaction that occurred 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 sale, the senior vice president 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 SEC filing for this sale provides additional information. In the last 90 days, insiders sold 202,606 shares of company stock worth $75,588,902. 19.90% of the stock is currently owned by corporate insiders.

Tesla Trading Up 4.0%

TSLA opened at $462.07 on Thursday. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.54 trillion, a PE ratio of 308.05, a PEG ratio of 16.84 and a beta of 2.08. Tesla, Inc. has a 1-year low of $214.25 and a 1-year high of $488.54. The firm has a 50-day moving average price of $417.05 and a two-hundred day moving average price of $352.68.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Roth Capital set a $505.00 price objective on shares of Tesla and gave the stock a “buy” rating in a report on Thursday, October 23rd. Canaccord Genuity Group reduced their price objective on shares of Tesla from $490.00 to $482.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Wall Street Zen raised shares of Tesla from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Piper Sandler raised their price objective on shares of Tesla from $400.00 to $500.00 and gave the stock an “overweight” rating in a report on Monday, September 22nd. Finally, BNP Paribas Exane assumed coverage on shares of Tesla in a report on Thursday, October 16th. They set an “underperform” rating and a $307.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have issued a Hold rating and eleven have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $391.08.

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.