Tesla, Inc. $TSLA Shares Purchased by Waldron Private Wealth LLC

Waldron Private Wealth LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 6.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,500 shares of the electric vehicle producer’s stock after purchasing an additional 318 shares during the quarter. Waldron Private Wealth LLC’s holdings in Tesla were worth $1,747,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arcadia Investment Management Corp MI purchased a new position in Tesla during the first quarter worth $27,000. Chelsea Counsel Co. increased its position in 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 buying an additional 40 shares in the last quarter. Centennial Bank AR increased its position in Tesla by 833.3% during the first quarter. Centennial Bank AR now owns 112 shares of the electric vehicle producer’s stock worth $29,000 after buying an additional 100 shares in the last quarter. LGT Financial Advisors LLC purchased a new position in Tesla during the second quarter worth $29,000. Finally, Compass Wealth Management LLC increased its position in Tesla by 360.0% during the first quarter. Compass Wealth Management LLC now owns 115 shares of the electric vehicle producer’s stock worth $30,000 after buying an additional 90 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company’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 value of $918,302.28. Following the transaction, the chief financial officer directly owned 9,856 shares of the company’s stock, valued at $3,473,057.28. This represents a 20.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction, the director directly owned 637,031 shares in the company, valued at approximately $269,260,263.08. The trade was a 8.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 202,606 shares of company stock worth $75,588,902 in the last 90 days. 19.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on TSLA shares. HSBC raised their price target on Tesla from $120.00 to $127.00 in a research report on Monday, September 29th. JPMorgan Chase & Co. raised their price target on Tesla from $115.00 to $150.00 in a research report on Friday, October 3rd. Daiwa Capital Markets reaffirmed a “neutral” rating on shares of Tesla in a research report on Sunday, July 27th. China Renaissance lifted their price objective on Tesla from $349.00 to $380.00 and gave the company a “hold” rating in a research report on Friday. Finally, Glj Research reaffirmed a “sell” rating on shares of Tesla in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twelve have issued a Hold rating and eleven have given a Sell rating to the company’s stock. Based on data from MarketBeat, Tesla currently has a consensus rating of “Hold” and an average target price of $381.70.

Tesla Price Performance

TSLA stock opened at $433.72 on Friday. The stock has a 50-day moving average price of $398.06 and a two-hundred day moving average price of $340.74. The company has a market cap of $1.44 trillion, a PE ratio of 289.15, a price-to-earnings-growth ratio of 15.59 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 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 issued its quarterly earnings data on Wednesday, October 22nd. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $28.10 billion for the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 earnings per share. As a group, research analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Tesla 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.