Harel Insurance Investments & Financial Services Ltd. Has $3.82 Million Holdings in Tesla, Inc. $TSLA

Harel Insurance Investments & Financial Services Ltd. trimmed its stake in Tesla, Inc. (NASDAQ:TSLA) by 6.7% in the second quarter, HoldingsChannel.com reports. The firm owned 12,036 shares of the electric vehicle producer’s stock after selling 867 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Tesla were worth $3,823,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TSLA. LGT Financial Advisors LLC bought a new position in shares of Tesla during the second quarter worth about $29,000. Arcadia Investment Management Corp MI acquired a new position in shares of Tesla in the 1st quarter valued at about $27,000. Chelsea Counsel Co. boosted 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 valued at $28,000 after purchasing an additional 40 shares in the last quarter. Evergreen Private Wealth LLC grew its stake in Tesla by 270.0% during the second quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock worth $35,000 after purchasing an additional 81 shares during the period. Finally, Centennial Bank AR increased its holdings in Tesla by 833.3% in the first quarter. Centennial Bank AR now owns 112 shares of the electric vehicle producer’s stock worth $29,000 after purchasing an additional 100 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the transaction, the chief financial officer directly owned 9,856 shares of the company’s stock, valued at $3,473,057.28. The trade was a 20.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the company’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 202,606 shares of company stock valued at $75,588,902. Corporate insiders own 19.90% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Tesla in a report on Thursday. TD Cowen increased their target price on shares of Tesla from $374.00 to $509.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Tesla from $435.00 to $440.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Canaccord Genuity Group decreased their price target on shares of Tesla from $490.00 to $482.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Finally, Piper Sandler increased their price objective on shares of Tesla from $400.00 to $500.00 and gave the stock an “overweight” rating in a research report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have given a Hold rating and eleven have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $390.27.

Tesla Stock Up 3.7%

Tesla stock opened at $456.56 on Friday. The firm has a market capitalization of $1.52 trillion, a price-to-earnings ratio of 304.37, a price-to-earnings-growth ratio of 16.84 and a beta of 2.08. The firm’s fifty day moving average price is $410.52 and its two-hundred day moving average price is $348.12. Tesla, Inc. has a 1-year low of $214.25 and a 1-year high of $488.54. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The company 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 firm’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, equities research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.