Tesla, Inc. $TSLA Shares Purchased by Staley Capital Advisers Inc.

Staley Capital Advisers Inc. boosted its holdings in Tesla, Inc. (NASDAQ:TSLAFree Report) by 46.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,225 shares of the electric vehicle producer’s stock after buying an additional 2,300 shares during the quarter. Staley Capital Advisers Inc.’s holdings in Tesla were worth $3,249,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TSLA. Brighton Jones LLC increased its stake in 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 in the last quarter. Revolve Wealth Partners LLC increased its stake in Tesla by 21.2% in the 4th 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 increased its stake in Tesla by 52.2% in the 4th 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 stake in Tesla by 9.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock worth $3,855,000 after purchasing an additional 1,011 shares in the last quarter. Finally, AGP Franklin LLC increased its stake in Tesla by 21.2% in the 2nd quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock worth $1,544,000 after purchasing an additional 851 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Tesla in a report on Monday, April 27th. Truist Financial lowered their target price on Tesla from $438.00 to $400.00 and set a “hold” rating on the stock in a research note on Thursday, April 2nd. The Goldman Sachs Group reiterated a “neutral” rating on shares of Tesla in a report on Thursday, April 23rd. Morgan Stanley set a $415.00 price objective on shares of Tesla and gave the company an “equal weight” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Tesla in a research note on Friday, April 24th. Nineteen equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $395.20.

View Our Latest Analysis on TSLA

Tesla Trading Down 4.8%

Shares of NASDAQ TSLA opened at $422.24 on Friday. The stock has a market cap of $1.59 trillion, a price-to-earnings ratio of 387.38, a PEG ratio of 16.65 and a beta of 1.79. The business has a 50 day simple moving average of $386.41 and a 200 day simple moving average of $418.28. Tesla, Inc. has a 52 week low of $273.21 and a 52 week high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. The business had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 EPS. On average, research analysts predict that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $8,147,700. This represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 company’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the sale, the director owned 48,399 shares of the company’s stock, valued at $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 three months, insiders sold 83,213 shares of company stock valued at $32,201,105. 19.90% of the stock is currently owned by company insiders.

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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