WealthShield Partners LLC Increases Stock Holdings in Tesla, Inc. $TSLA

WealthShield Partners LLC boosted its stake in Tesla, Inc. (NASDAQ:TSLAFree Report) by 84.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,093 shares of the electric vehicle producer’s stock after acquiring an additional 3,717 shares during the period. WealthShield Partners LLC’s holdings in Tesla were worth $3,009,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in shares of Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after buying an additional 9,293 shares during the period. Revolve Wealth Partners LLC boosted its position in Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after acquiring an additional 931 shares in the last quarter. Bison Wealth LLC boosted its position in Tesla by 52.2% during the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock valued at $4,187,000 after acquiring an additional 3,558 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Tesla by 9.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock worth $3,855,000 after acquiring an additional 1,011 shares during the period. Finally, AGP Franklin LLC raised its position in shares of 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 acquiring an additional 851 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TSLA has been the topic of several research reports. The Goldman Sachs Group started coverage on Tesla in a research report on Friday, June 5th. They set a “buy” rating on the stock. Sanford C. Bernstein raised Tesla from an “underperform” rating to an “outperform” rating in a research report on Friday, June 5th. Needham & Company LLC restated a “hold” rating on shares of Tesla in a report on Thursday, April 23rd. William Blair reaffirmed a “market perform” rating on shares of Tesla in a research report on Thursday, July 2nd. Finally, Glj Research reiterated a “sell” rating on shares of Tesla in a research note on Friday, June 12th. Twenty-one equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $406.87.

Get Our Latest Analysis on Tesla

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction dated 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 transaction, the chief financial officer directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, 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 that occurred 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 transaction, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their position. 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 quarter, insiders sold 32,015 shares of company stock worth $12,383,640. 19.90% of the stock is currently owned by company insiders.

Tesla Stock Up 0.3%

NASDAQ:TSLA traded up $1.21 during trading hours on Friday, reaching $407.76. 33,333,565 shares of the company traded hands, compared to its average volume of 42,504,768. The business’s 50-day moving average price is $410.46 and its two-hundred day moving average price is $409.23. The stock has a market capitalization of $1.53 trillion, a P/E ratio of 374.09, a P/E/G ratio of 14.89 and a beta of 1.80. Tesla, Inc. has a 1 year low of $297.82 and a 1 year high of $498.83. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLAGet Free Report) last released its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.96 billion. During the same period in the prior year, the firm posted $0.27 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. Analysts predict that Tesla, Inc. will post 1.3 earnings per share for the current year.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

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.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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