OneAscent Family Office LLC Sells 350 Shares of Tesla, Inc. $TSLA

OneAscent Family Office LLC decreased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 10.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,148 shares of the electric vehicle producer’s stock after selling 350 shares during the period. Tesla accounts for about 0.9% of OneAscent Family Office LLC’s portfolio, making the stock its 20th largest holding. OneAscent Family Office LLC’s holdings in Tesla were worth $1,000,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Twin Capital Management Inc. boosted its holdings in shares of Tesla by 1.3% during the second quarter. Twin Capital Management Inc. now owns 42,092 shares of the electric vehicle producer’s stock worth $13,371,000 after acquiring an additional 527 shares during the period. Soltis Investment Advisors LLC boosted its stake in Tesla by 61.1% in the 2nd quarter. Soltis Investment Advisors LLC now owns 42,428 shares of the electric vehicle producer’s stock valued at $13,478,000 after purchasing an additional 16,090 shares during the period. Souders Financial Advisors increased its position in Tesla by 15.8% during the 2nd quarter. Souders Financial Advisors now owns 5,990 shares of the electric vehicle producer’s stock worth $1,903,000 after buying an additional 819 shares during the period. Mascagni Wealth Management Inc. increased its position in Tesla by 31.2% during the 2nd quarter. Mascagni Wealth Management Inc. now owns 1,124 shares of the electric vehicle producer’s stock worth $357,000 after buying an additional 267 shares during the period. Finally, Long Run Wealth Advisors LLC lifted its holdings in shares of Tesla by 6.3% during the second quarter. Long Run Wealth Advisors LLC now owns 884 shares of the electric vehicle producer’s stock worth $281,000 after buying an additional 52 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of the transaction, the chief financial officer directly owned 9,856 shares in the company, valued at approximately $3,473,057.28. This represents a 20.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $422.68, for a total value of $25,360,800.00. Following the sale, the director directly owned 637,031 shares in the company, valued at approximately $269,260,263.08. This trade represents a 8.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 202,606 shares of company stock valued at $75,588,902. 19.90% of the stock is currently owned by insiders.

Tesla Stock Performance

NASDAQ:TSLA opened at $462.07 on Thursday. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $488.54. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. The stock’s 50-day simple moving average is $417.05 and its 200 day simple moving average is $352.68. The firm has a market capitalization of $1.54 trillion, a PE ratio of 308.05, a price-to-earnings-growth ratio of 16.84 and a beta of 2.08.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $28.10 billion during the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 earnings per share. On average, analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on TSLA. Piper Sandler raised their price target 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. UBS Group set a $247.00 price target on shares of Tesla in a research report on Monday, October 6th. Barclays reiterated a “negative” rating and issued a $350.00 price target (up from $275.00) on shares of Tesla in a research note on Thursday, October 16th. Roth Capital set a $505.00 price objective on Tesla and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Bank of America upped their target price on Tesla from $341.00 to $471.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have given a Hold rating and eleven have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $391.08.

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.