Tesla, Inc. $TSLA Shares Sold by BSW Wealth Partners

BSW Wealth Partners trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 6.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,724 shares of the electric vehicle producer’s stock after selling 178 shares during the period. BSW Wealth Partners’ holdings in Tesla were worth $865,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cherry Tree Wealth Management LLC boosted its stake in Tesla by 86.3% during the 1st quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer’s stock valued at $25,000 after purchasing an additional 44 shares during the period. First PREMIER Bank boosted its stake in Tesla by 79.2% during the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer’s stock valued at $25,000 after purchasing an additional 42 shares during the period. Newton One Investments LLC raised its position in shares of Tesla by 250.0% during the 1st quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer’s stock worth $27,000 after buying an additional 75 shares in the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Tesla during the 1st quarter worth about $27,000. Finally, Chelsea Counsel Co. raised its position in shares of Tesla by 59.7% during the 1st 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. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tesla

In related news, SVP Xiaotong Zhu sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the transaction, the senior vice president directly owned 47,600 shares of the company’s stock, valued at approximately $17,314,500. The trade was a 29.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $292.89, for a total transaction of $1,171,560.00. Following the transaction, the chief financial officer directly owned 5,924 shares in the company, valued at $1,735,080.36. The trade was a 40.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 208,606 shares of company stock valued at $77,360,462 over the last ninety days. Corporate insiders own 19.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley restated an “overweight” rating and set a $410.00 price target on shares of Tesla in a research report on Thursday. The Goldman Sachs Group boosted their price target on shares of Tesla from $300.00 to $395.00 and gave the stock a “neutral” rating in a research report on Thursday, September 18th. Dbs Bank boosted their price target on shares of Tesla from $300.00 to $450.00 in a research report on Wednesday, September 17th. Glj Research restated a “sell” rating on shares of Tesla in a research report on Thursday, July 24th. Finally, Needham & Company LLC restated a “hold” rating on shares of Tesla in a research report on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twelve have given a Hold rating and eight have issued a Sell rating to the company. According to data from MarketBeat, Tesla presently has a consensus rating of “Hold” and an average target price of $341.46.

Tesla Stock Performance

Tesla stock opened at $436.00 on Friday. The firm’s 50 day simple moving average is $361.74 and its 200-day simple moving average is $319.98. The company has a market cap of $1.45 trillion, a P/E ratio of 252.02, a price-to-earnings-growth ratio of 15.97 and a beta of 2.08. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. Tesla, Inc. has a fifty-two week low of $212.11 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). The firm had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%.The business’s revenue was down 11.8% on a year-over-year basis. During the same period last year, the business earned $0.52 earnings per share. As a group, equities research analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

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.