Core Wealth Partners LLC Grows Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Core Wealth Partners LLC boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 14.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,178 shares of the electric vehicle producer’s stock after buying an additional 149 shares during the quarter. Core Wealth Partners LLC’s holdings in Tesla were worth $207,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of TSLA. Vanguard Group Inc. boosted its position in shares of Tesla by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 229,806,372 shares of the electric vehicle producer’s stock valued at $57,102,287,000 after buying an additional 3,866,361 shares during the period. Norges Bank purchased a new stake in Tesla in the fourth quarter worth $7,844,757,000. Morgan Stanley lifted its position in shares of Tesla by 7.8% during the third quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock worth $7,546,823,000 after purchasing an additional 2,177,397 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Tesla by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,155,878 shares of the electric vehicle producer’s stock valued at $3,765,933,000 after purchasing an additional 458,804 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Tesla by 12.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,849,425 shares of the electric vehicle producer’s stock worth $1,731,430,000 after purchasing an additional 1,125,329 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Activity at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of the sale, the director now owns 15,000 shares in the company, valued at $2,772,900. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the sale, the director now owns 15,000 shares in the company, valued at $2,772,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the transaction, the senior vice president now owns 65,155 shares in the company, valued at $11,350,652.55. The disclosure for this sale can be found here. 20.90% of the stock is currently owned by corporate insiders.

Tesla Trading Up 6.5 %

NASDAQ TSLA traded up $15.13 during trading on Thursday, hitting $246.39. The stock had a trading volume of 166,561,471 shares, compared to its average volume of 80,957,576. The company has a market capitalization of $785.79 billion, a PE ratio of 62.85, a PEG ratio of 5.74 and a beta of 2.31. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average price of $182.57 and a 200 day moving average price of $191.32.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The firm had revenue of $21.30 billion during the quarter, compared to analysts’ expectations of $22.15 billion. As a group, equities research analysts forecast that Tesla, Inc. will post 1.86 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on TSLA. Sanford C. Bernstein reissued an “underperform” rating and issued a $120.00 price objective on shares of Tesla in a research report on Monday, June 10th. Morgan Stanley reissued an “overweight” rating and issued a $310.00 price objective on shares of Tesla in a research note on Thursday, June 20th. Canaccord Genuity Group lifted their target price on Tesla from $222.00 to $254.00 and gave the company a “buy” rating in a research report on Wednesday. Truist Financial reissued a “hold” rating and set a $162.00 price target on shares of Tesla in a research report on Wednesday. Finally, Bank of America raised shares of Tesla from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a report on Wednesday, April 24th. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $189.47.

Tesla Company 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.