Tesla, Inc. $TSLA Shares Purchased by Waldron Private Wealth LLC

Waldron Private Wealth LLC raised its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 6.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,500 shares of the electric vehicle producer’s stock after purchasing an additional 318 shares during the quarter. Waldron Private Wealth LLC’s holdings in Tesla were worth $1,747,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI bought a new position in Tesla during the 1st quarter valued at $27,000. Chelsea Counsel Co. boosted its stake in Tesla by 59.7% during the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 40 shares in the last quarter. Centennial Bank AR boosted its stake 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 purchasing an additional 100 shares in the last quarter. LGT Financial Advisors LLC bought a new position in Tesla during the 2nd quarter valued at $29,000. Finally, Compass Wealth Management LLC boosted its stake in Tesla by 360.0% during the 1st quarter. Compass Wealth Management LLC now owns 115 shares of the electric vehicle producer’s stock valued at $30,000 after purchasing an additional 90 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Price Performance

TSLA opened at $433.72 on Friday. The stock has a fifty day moving average of $398.06 and a 200-day moving average of $340.74. The firm has a market capitalization of $1.44 trillion, a P/E ratio of 289.15, a PEG ratio of 15.59 and a beta of 2.08. Tesla, Inc. has a 12-month low of $214.25 and a 12-month high of $488.54. 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 earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $28.10 billion during the quarter, compared to analyst estimates of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 earnings per share. Equities analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of the sale, the chief financial officer owned 9,856 shares in the company, valued at $3,473,057.28. This represents a 20.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James R. Murdoch sold 60,000 shares of the stock in a transaction on 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 of the company’s stock, valued at $269,260,263.08. The trade was a 8.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 202,606 shares of company stock worth $75,588,902 over the last quarter. Corporate insiders own 19.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TSLA shares. Cantor Fitzgerald set a $510.00 price target on Tesla in a research note on Thursday. Roth Capital set a $505.00 price objective on Tesla and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. increased their price objective on Tesla from $115.00 to $150.00 in a research report on Friday, October 3rd. UBS Group set a $247.00 price objective on Tesla in a research report on Monday, October 6th. Finally, Mizuho increased their price objective on Tesla from $450.00 to $485.00 and gave the company an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twelve have assigned a Hold rating and eleven have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $381.70.

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.