Tesla, Inc. $TSLA Shares Bought by Family Manage LLC

Family Manage LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 460.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,746 shares of the electric vehicle producer’s stock after acquiring an additional 5,542 shares during the period. Family Manage LLC’s holdings in Tesla were worth $2,508,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Tesla by 11.8% in the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after purchasing an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after purchasing an additional 931 shares in the last quarter. Bison Wealth LLC grew 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 worth $4,187,000 after purchasing an additional 3,558 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Tesla by 9.1% in the second quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock valued at $3,855,000 after buying an additional 1,011 shares during the last quarter. Finally, AGP Franklin LLC raised its stake in Tesla by 21.2% during the second quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock valued at $1,544,000 after buying an additional 851 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

TSLA stock opened at $313.03 on Monday. Tesla, Inc. has a 1 year low of $297.82 and a 1 year high of $498.83. The stock has a market capitalization of $1.24 trillion, a price-to-earnings ratio of 289.85, a PEG ratio of 10.80 and a beta of 1.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The stock’s fifty day moving average is $400.74 and its two-hundred day moving average is $402.19.

Tesla (NASDAQ:TSLAGet Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The firm had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. During the same quarter in the prior year, the company posted $0.33 EPS. The firm’s revenue was up 25.5% on a year-over-year basis. On average, research analysts predict that Tesla, Inc. will post 1.33 EPS for the current year.

Insider Activity

In other news, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. The trade was a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the transaction, the director owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 32,015 shares of company stock valued at $12,383,640. 19.90% of the stock is owned by insiders.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

Analyst Upgrades and Downgrades

A number of research analysts have commented on TSLA shares. President Capital increased their target price on Tesla from $424.00 to $428.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Sanford C. Bernstein raised Tesla from an “underperform” rating to an “outperform” rating in a research report on Friday, June 5th. BNP Paribas Exane cut Tesla from a “hold” rating to an “underperform” rating in a research note on Friday, June 5th. Tigress Financial started coverage on shares of Tesla in a report on Monday, April 27th. They issued a “buy” rating for the company. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Tesla in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nineteen have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Tesla presently has a consensus rating of “Hold” and an average price target of $404.95.

View Our Latest Stock Analysis on Tesla

About Tesla

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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