First National Advisers LLC Acquires 482 Shares of Tesla, Inc. $TSLA

First National Advisers LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 12,213 shares of the electric vehicle producer’s stock after purchasing an additional 482 shares during the period. First National Advisers LLC’s holdings in Tesla were worth $3,879,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TSLA. LGT Financial Advisors LLC acquired a new position in Tesla during the 2nd quarter worth about $29,000. Chelsea Counsel Co. raised its position in shares of Tesla by 59.7% during the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock worth $28,000 after acquiring an additional 40 shares during the last quarter. Evergreen Private Wealth LLC lifted its stake in shares of Tesla by 270.0% in the second quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock worth $35,000 after acquiring an additional 81 shares during the period. Glynn Capital Management LLC bought a new stake in Tesla in the second quarter valued at approximately $35,000. Finally, LSV Asset Management increased its position in Tesla by 400.0% during the 2nd quarter. LSV Asset Management now owns 120 shares of the electric vehicle producer’s stock valued at $38,000 after purchasing an additional 96 shares during the period. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the topic of a number of recent analyst reports. Wedbush restated an “outperform” rating and issued a $600.00 price target on shares of Tesla in a research report on Wednesday, November 5th. JPMorgan Chase & Co. boosted their target price on shares of Tesla from $115.00 to $150.00 in a report on Friday, October 3rd. Dbs Bank upgraded Tesla to a “hold” rating in a report on Wednesday, November 5th. Cowen reissued a “buy” rating on shares of Tesla in a research report on Monday, November 17th. Finally, William Blair restated a “market perform” rating on shares of Tesla in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have assigned a Hold rating and ten have assigned a Sell rating to the stock. According to data from MarketBeat, Tesla has an average rating of “Hold” and an average target price of $394.03.

Tesla Stock Performance

Shares of TSLA opened at $430.10 on Friday. Tesla, Inc. has a one year low of $214.25 and a one year high of $488.54. The company has a market cap of $1.43 trillion, a PE ratio of 286.73, a P/E/G ratio of 16.84 and a beta of 2.06. The stock has a 50-day moving average of $433.95 and a 200-day moving average of $368.95. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business had revenue of $28.10 billion for the quarter, compared to the consensus estimate of $24.98 billion. During the same period in the prior year, the business earned $0.72 EPS. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, equities research analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $352.38, for a total value of $918,302.28. Following the transaction, the chief financial officer directly owned 9,856 shares of the company’s stock, valued at approximately $3,473,057.28. This trade represents a 20.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the sale, the director directly owned 637,031 shares of the company’s stock, valued at approximately $269,260,263.08. The trade was a 8.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 82,606 shares of company stock worth $33,554,102 in the last ninety days. Corporate insiders own 19.90% of the company’s stock.

Tesla Company 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.