Tesla, Inc. $TSLA Shares Sold by GWN Securities Inc.

GWN Securities Inc. lessened its holdings in Tesla, Inc. (NASDAQ:TSLA) by 50.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,626 shares of the electric vehicle producer’s stock after selling 5,749 shares during the quarter. GWN Securities Inc.’s holdings in Tesla were worth $1,809,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Tesla by 11.8% in the 4th 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 raised its position in Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after acquiring an additional 931 shares in the last quarter. Bison Wealth LLC grew its stake in shares of Tesla by 52.2% during 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 during the period. Golden State Wealth Management LLC grew its stake in shares of Tesla by 6.4% during the 1st quarter. Golden State Wealth Management LLC now owns 17,619 shares of the electric vehicle producer’s stock worth $4,566,000 after purchasing an additional 1,053 shares during the period. Finally, Colonial River Investments LLC grew its stake in shares of Tesla by 60.3% during the 1st quarter. Colonial River Investments LLC now owns 9,824 shares of the electric vehicle producer’s stock worth $2,546,000 after purchasing an additional 3,695 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $452.42 on Tuesday. The company has a market cap of $1.50 trillion, a PE ratio of 301.61, a price-to-earnings-growth ratio of 15.45 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 debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. The company has a 50-day simple moving average of $400.41 and a 200-day simple moving average of $342.47.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results 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. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, equities analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insiders Place Their Bets

In other Tesla news, Director James R. Murdoch sold 120,000 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the transaction, the director owned 697,031 shares of the company’s stock, valued at $244,162,988.99. This represents a 14.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 202,606 shares of company stock valued at $75,588,902 in the last quarter. 19.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on TSLA. China Renaissance boosted their price objective on shares of Tesla from $349.00 to $380.00 and gave the stock a “hold” rating in a report on Friday. Piper Sandler upped their target price on Tesla from $400.00 to $500.00 and gave the company an “overweight” rating in a report on Monday, September 22nd. Roth Capital set a $505.00 price objective on shares of Tesla and gave the stock a “buy” rating in a research report on Thursday. TD Cowen lifted their target price on shares of Tesla from $374.00 to $509.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Finally, Guggenheim restated a “sell” rating and set a $175.00 target price on shares of Tesla in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twelve have given a Hold rating and eleven have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $381.00.

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.