Measured Risk Portfolios Inc. Grows Stake in Tesla, Inc. $TSLA

Measured Risk Portfolios Inc. grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 15.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,651 shares of the electric vehicle producer’s stock after buying an additional 217 shares during the period. Measured Risk Portfolios Inc.’s holdings in Tesla were worth $524,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Beacon Financial Advisory LLC increased its position in Tesla by 21.8% during the 2nd quarter. Beacon Financial Advisory LLC now owns 9,137 shares of the electric vehicle producer’s stock valued at $2,902,000 after purchasing an additional 1,635 shares during the period. Gemmer Asset Management LLC increased its position in shares of Tesla by 4.1% during the second quarter. Gemmer Asset Management LLC now owns 4,418 shares of the electric vehicle producer’s stock valued at $1,403,000 after buying an additional 175 shares during the period. Marietta Wealth Management LLC raised its stake in Tesla by 19.8% in the second quarter. Marietta Wealth Management LLC now owns 3,388 shares of the electric vehicle producer’s stock worth $1,076,000 after buying an additional 560 shares in the last quarter. Mascoma Wealth Management LLC lifted its holdings in Tesla by 5.3% in the second quarter. Mascoma Wealth Management LLC now owns 740 shares of the electric vehicle producer’s stock worth $235,000 after buying an additional 37 shares during the period. Finally, Simplicity Wealth LLC boosted its position in Tesla by 20.8% during the 2nd quarter. Simplicity Wealth LLC now owns 36,675 shares of the electric vehicle producer’s stock valued at $11,650,000 after acquiring an additional 6,326 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 5.4%

Tesla stock opened at $453.25 on Tuesday. Tesla, Inc. has a 12 month low of $212.11 and a 12 month high of $488.54. The stock has a fifty day simple moving average of $366.57 and a two-hundred day simple moving average of $324.02. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.51 trillion, a price-to-earnings ratio of 261.99, a PEG ratio of 14.93 and a beta of 2.08.

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

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred 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 sale, the chief financial officer directly owned 9,856 shares in the company, valued at $3,473,057.28. The trade was a 20.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 $17,314,500. The trade was a 29.59% 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 90 days. 19.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. China Renaissance reissued a “hold” rating and issued a $349.00 target price on shares of Tesla in a research report on Friday, July 25th. Piper Sandler increased their price objective on Tesla from $400.00 to $500.00 and gave the stock an “overweight” rating in a report on Monday, September 22nd. Daiwa Capital Markets restated a “neutral” rating on shares of Tesla in a report on Sunday, July 27th. Argus reiterated a “hold” rating on shares of Tesla in a research note on Monday, June 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Tesla from $115.00 to $150.00 in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, thirteen have assigned a Hold rating and eight have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $344.40.

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.