Souders Financial Advisors Has $1.90 Million Holdings in Tesla, Inc. $TSLA

Souders Financial Advisors grew its stake in Tesla, Inc. (NASDAQ:TSLA) by 15.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 5,990 shares of the electric vehicle producer’s stock after buying an additional 819 shares during the quarter. Souders Financial Advisors’ holdings in Tesla were worth $1,903,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TSLA. Siren L.L.C. acquired a new position in shares of Tesla in the first quarter valued at approximately $2,332,000. Zuckerman Investment Group LLC increased its holdings in shares of Tesla by 6.9% in the first quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer’s stock valued at $3,304,000 after purchasing an additional 826 shares during the period. Keystone Global Partners LLC purchased a new stake in shares of Tesla in the first quarter valued at approximately $594,000. Strs Ohio purchased a new stake in shares of Tesla in the first quarter valued at approximately $205,495,000. Finally, AustralianSuper Pty Ltd boosted its stake in shares of Tesla by 1,823.0% in the second quarter. AustralianSuper Pty Ltd now owns 68,325 shares of the electric vehicle producer’s stock valued at $21,704,000 after buying an additional 64,772 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Trading Up 4.0%

Tesla stock opened at $462.07 on Thursday. The stock has a market cap of $1.54 trillion, a PE ratio of 308.05, a P/E/G ratio of 16.84 and a beta of 2.08. The stock has a 50-day moving average price of $417.05 and a 200 day moving average price of $352.68. Tesla, Inc. has a 52 week low of $214.25 and a 52 week 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 released its earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $28.10 billion during the quarter, compared to analyst estimates of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 earnings per share. Equities research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated 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 sale, the chief financial officer owned 9,856 shares in the company, valued at approximately $3,473,057.28. This trade represents a 20.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of the sale, the senior vice president owned 47,600 shares of the company’s stock, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 202,606 shares of company stock worth $75,588,902 over the last three months. 19.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TSLA has been the topic of a number of analyst reports. Benchmark restated a “buy” rating on shares of Tesla in a research note on Thursday, October 23rd. Cantor Fitzgerald set a $510.00 price target on Tesla and gave the company an “overweight” rating in a research note on Thursday, October 23rd. DZ Bank restated a “sell” rating on shares of Tesla in a research note on Thursday, October 23rd. Melius assumed coverage on Tesla in a research note on Monday, October 13th. They issued a “buy” rating and a $520.00 price target on the stock. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Tesla in a research report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have assigned a Hold rating and eleven have given a Sell rating to the stock. According to data from MarketBeat.com, the stock 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.