Mine & Arao Wealth Creation & Management LLC. Acquires 50 Shares of Tesla, Inc. $TSLA

Mine & Arao Wealth Creation & Management LLC. lifted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 3.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,454 shares of the electric vehicle producer’s stock after buying an additional 50 shares during the period. Mine & Arao Wealth Creation & Management LLC.’s holdings in Tesla were worth $462,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. SilverOak Wealth Management LLC bought a new stake in shares of Tesla in the 2nd quarter worth about $278,000. Empirical Asset Management LLC grew its holdings in Tesla by 3.0% during the 2nd quarter. Empirical Asset Management LLC now owns 3,815 shares of the electric vehicle producer’s stock valued at $1,212,000 after purchasing an additional 111 shares during the last quarter. Consilio Wealth Advisors LLC grew its holdings in Tesla by 3.3% during the 2nd quarter. Consilio Wealth Advisors LLC now owns 3,438 shares of the electric vehicle producer’s stock valued at $1,113,000 after purchasing an additional 111 shares during the last quarter. Praxis Investment Management Inc. grew its holdings in Tesla by 2.2% during the 2nd quarter. Praxis Investment Management Inc. now owns 61,070 shares of the electric vehicle producer’s stock valued at $19,399,000 after purchasing an additional 1,340 shares during the last quarter. Finally, Activest Wealth Management grew its holdings in Tesla by 10.0% during the 2nd quarter. Activest Wealth Management now owns 11,120 shares of the electric vehicle producer’s stock valued at $3,532,000 after purchasing an additional 1,007 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Transactions at Tesla

In other news, Director James R. Murdoch sold 60,000 shares of the company’s stock in a transaction that occurred 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 approximately $269,260,263.08. This represents a 8.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the sale, the chief financial officer directly 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 can be found here. In the last quarter, insiders sold 202,606 shares of company stock valued at $75,588,902. Company insiders own 19.90% of the company’s stock.

Tesla Price Performance

Shares of TSLA opened at $439.31 on Friday. The company has a 50 day moving average price of $387.54 and a 200-day moving average price of $333.25. Tesla, Inc. has a fifty-two week low of $212.11 and a fifty-two week high of $488.54. The stock has a market capitalization of $1.46 trillion, a PE ratio of 253.94, a PEG ratio of 15.41 and a beta of 2.08. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). Tesla had a return on equity of 7.98% and a net margin of 6.54%.The business had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $23.18 billion. During the same period in the previous year, the company posted $0.52 EPS. Tesla’s revenue for the quarter was down 11.8% on a year-over-year basis. Equities analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TSLA shares. Baird R W upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Industrial Alliance Securities set a $300.00 price target on shares of Tesla in a report on Monday. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a report on Thursday, July 24th. Cantor Fitzgerald reissued an “overweight” rating and issued a $355.00 price objective on shares of Tesla in a research report on Friday, October 3rd. Finally, HSBC boosted their price objective on shares of Tesla from $120.00 to $127.00 in a research report on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have assigned a Hold rating and ten have issued a Sell rating to the company’s stock. According to data from MarketBeat, Tesla has a consensus rating of “Hold” and a consensus price target of $363.54.

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.