Financial Perspectives Inc Acquires 117 Shares of Tesla, Inc. (NASDAQ:TSLA)

Financial Perspectives Inc lifted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 1.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,737 shares of the electric vehicle producer’s stock after buying an additional 117 shares during the quarter. Financial Perspectives Inc’s holdings in Tesla were worth $1,531,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bank & Trust Co bought a new position in Tesla in the 2nd quarter valued at $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of Tesla during the 2nd quarter worth approximately $26,000. OLD Point Trust & Financial Services N A bought a new stake in shares of Tesla during the fourth quarter worth approximately $37,000. Kessler Investment Group LLC boosted its stake in Tesla by 35.9% in the second quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle producer’s stock valued at $38,000 after acquiring an additional 51 shares during the last quarter. Finally, Aspect Partners LLC grew its holdings in Tesla by 121.3% during the 2nd quarter. Aspect Partners LLC now owns 208 shares of the electric vehicle producer’s stock worth $41,000 after acquiring an additional 114 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on TSLA. Piper Sandler restated an “overweight” rating and issued a $300.00 price target on shares of Tesla in a research report on Monday, August 19th. Canaccord Genuity Group reiterated a “buy” rating and issued a $254.00 price target on shares of Tesla in a report on Friday. HSBC raised their price objective on shares of Tesla from $120.00 to $130.00 in a report on Wednesday, July 10th. UBS Group lowered shares of Tesla from a “neutral” rating to a “sell” rating and upped their target price for the stock from $147.00 to $197.00 in a research note on Friday, July 12th. Finally, TD Cowen lifted their price target on Tesla from $160.00 to $180.00 and gave the company a “hold” rating in a research note on Wednesday, July 3rd. Nine investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus target price of $209.60.

Tesla Stock Up 0.2 %

Tesla stock opened at $230.29 on Monday. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $278.98. The company’s 50-day moving average price is $223.37 and its two-hundred day moving average price is $194.57. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. The stock has a market cap of $734.44 billion, a P/E ratio of 58.75, a P/E/G ratio of 6.08 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.10). The firm had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 earnings per share. As a group, analysts expect that Tesla, Inc. will post 1.75 EPS for the current year.

Insider Activity at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the sale, the senior vice president now owns 67,491 shares in the company, valued at approximately $14,967,479.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Robyn M. Denholm sold 66,364 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total value of $14,597,425.44. Following the transaction, the director now owns 85,000 shares in the company, valued at $18,696,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the sale, the senior vice president now directly owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. The disclosure for this sale can be found here. 25.10% of the stock is currently owned by corporate insiders.

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.