Chancellor Financial Group WB LP Purchases 160 Shares of Tesla, Inc. $TSLA

Chancellor Financial Group WB LP raised its position in Tesla, Inc. (NASDAQ:TSLA) by 9.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,785 shares of the electric vehicle producer’s stock after purchasing an additional 160 shares during the period. Chancellor Financial Group WB LP’s holdings in Tesla were worth $567,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after purchasing an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after buying an additional 931 shares during the period. Bison Wealth LLC lifted its stake in Tesla by 52.2% in the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock valued at $4,187,000 after buying an additional 3,558 shares in the last quarter. Alps Advisors Inc. boosted its holdings in shares of Tesla by 13.4% in the first quarter. Alps Advisors Inc. now owns 20,169 shares of the electric vehicle producer’s stock valued at $5,227,000 after buying an additional 2,379 shares during the period. Finally, Phillips Financial Management LLC increased its position in shares of Tesla by 9.9% during the first quarter. Phillips Financial Management LLC now owns 3,746 shares of the electric vehicle producer’s stock worth $971,000 after acquiring an additional 338 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Insider Activity

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

Analyst Ratings Changes

Several research firms recently commented on TSLA. Stifel Nicolaus set a $483.00 price objective on shares of Tesla and gave the company a “buy” rating in a research report on Wednesday, October 8th. Dbs Bank raised Tesla to a “hold” rating in a research note on Wednesday. Bank of America upped their price objective on Tesla from $341.00 to $471.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Melius began coverage on Tesla in a report on Monday, October 13th. They set a “buy” rating and a $520.00 price objective for the company. Finally, Wedbush restated an “outperform” rating and issued a $600.00 target price on shares of Tesla in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have given a Hold rating and eleven have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $391.08.

Tesla Stock Down 3.7%

NASDAQ:TSLA opened at $429.52 on Friday. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $488.54. The firm has a market capitalization of $1.43 trillion, a price-to-earnings ratio of 286.35, a price-to-earnings-growth ratio of 16.84 and a beta of 2.06. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. The stock’s 50 day moving average price is $420.97 and its two-hundred day moving average price is $354.73.

Tesla (NASDAQ:TSLA) last released its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The business 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 firm’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the business earned $0.72 earnings per share. Equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.