OneAscent Wealth Management LLC Has $512,000 Holdings in Tesla, Inc. $TSLA

OneAscent Wealth Management LLC boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 19.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,612 shares of the electric vehicle producer’s stock after buying an additional 267 shares during the period. OneAscent Wealth Management LLC’s holdings in Tesla were worth $512,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after buying an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Tesla by 21.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after acquiring an additional 931 shares in the last quarter. Bison Wealth LLC grew its holdings in Tesla by 52.2% in the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after purchasing an additional 3,558 shares during the period. Peddock Capital Advisors LLC raised its holdings in shares of Tesla by 5.2% during the first quarter. Peddock Capital Advisors LLC now owns 1,297 shares of the electric vehicle producer’s stock valued at $336,000 after purchasing an additional 64 shares during the period. Finally, Rogco LP boosted its position in shares of Tesla by 21.1% during the 1st quarter. Rogco LP now owns 2,558 shares of the electric vehicle producer’s stock worth $663,000 after purchasing an additional 446 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Trading Down 3.5%

Shares of Tesla stock opened at $445.91 on Friday. The firm has a market cap of $1.48 trillion, a PE ratio of 297.27, a P/E/G ratio of 16.84 and a beta of 2.06. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. The stock has a fifty day moving average price of $419.05 and a 200-day moving average price of $353.32.

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

Insider Activity at Tesla

In other Tesla news, Director James R. Murdoch sold 120,000 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the completion of the transaction, the director directly owned 697,031 shares of the company’s stock, valued at approximately $244,162,988.99. This represents a 14.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the transaction, the senior vice president owned 47,600 shares of the company’s stock, valued at $17,314,500. The trade was a 29.59% 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 worth $75,588,902. Insiders own 19.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. New Street Research boosted their target price on Tesla from $465.00 to $520.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Barclays restated a “negative” rating and set a $350.00 price objective (up previously from $275.00) on shares of Tesla in a report on Thursday, October 16th. CICC Research increased their target price on Tesla from $360.00 to $450.00 and gave the stock an “outperform” rating in a report on Thursday, September 18th. Guggenheim restated a “sell” rating and set a $175.00 price target on shares of Tesla in a research note on Wednesday, July 23rd. Finally, Truist Financial lifted their price objective on shares of Tesla from $280.00 to $406.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have issued a Hold rating and eleven have issued a Sell rating to the company. According to data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and an average price target of $391.08.

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.