Focus Partners Advisor Solutions LLC Has $11.71 Million Position in Tesla, Inc. $TSLA

Focus Partners Advisor Solutions LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA) by 10.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,826 shares of the electric vehicle producer’s stock after buying an additional 3,453 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Tesla were worth $11,705,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TSLA. Arcadia Investment Management Corp MI bought a new position in shares of Tesla in the first quarter worth about $27,000. Chelsea Counsel Co. increased its holdings in shares of Tesla by 59.7% in the first 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 raised its position in Tesla by 833.3% in the 1st quarter. Centennial Bank AR now owns 112 shares of the electric vehicle producer’s stock worth $29,000 after purchasing an additional 100 shares during the last quarter. LGT Financial Advisors LLC acquired a new position in Tesla during the 2nd quarter worth $29,000. Finally, Compass Wealth Management LLC boosted its position in Tesla by 360.0% in the 1st quarter. Compass Wealth Management LLC now owns 115 shares of the electric vehicle producer’s stock valued at $30,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TSLA shares. Cantor Fitzgerald set a $510.00 price target on Tesla in a research note on Thursday. Royal Bank Of Canada restated an “outperform” rating and set a $500.00 target price on shares of Tesla in a research report on Thursday. William Blair reiterated a “market perform” rating on shares of Tesla in a research report on Friday, September 5th. Benchmark restated a “buy” rating on shares of Tesla in a report on Thursday. Finally, Industrial Alliance Securities set a $300.00 target price on shares of Tesla in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twelve have issued a Hold rating and eleven have assigned a Sell rating to the stock. According to data from MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus price target of $380.03.

Tesla Trading Down 3.4%

TSLA opened at $433.72 on Friday. The stock has a market capitalization of $1.44 trillion, a P/E ratio of 289.15, a P/E/G ratio of 16.13 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 firm’s fifty day simple moving average is $398.06 and its 200 day simple moving average is $339.92. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data 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. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The company had revenue of $28.10 billion for the quarter, compared to the consensus estimate of $24.98 billion. During the same period last year, the company earned $0.72 earnings per share. The firm’s revenue was up 11.6% compared to the same quarter last year. As a group, research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the transaction, the chief financial officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James R. Murdoch sold 120,000 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total value of $42,034,800.00. Following the completion of the sale, the director directly owned 697,031 shares of the company’s stock, valued at approximately $244,162,988.99. The trade was a 14.69% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 202,606 shares of company stock valued at $75,588,902. Insiders own 19.90% of the company’s stock.

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.