EP Wealth Advisors LLC Has $32.70 Million Holdings in Tesla, Inc. $TSLA

EP Wealth Advisors LLC grew its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 12.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,944 shares of the electric vehicle producer’s stock after acquiring an additional 11,080 shares during the quarter. EP Wealth Advisors LLC’s holdings in Tesla were worth $32,701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Holos Integrated Wealth LLC raised its holdings in Tesla by 10.8% during the second quarter. Holos Integrated Wealth LLC now owns 309 shares of the electric vehicle producer’s stock worth $102,000 after buying an additional 30 shares during the last quarter. First Merchants Corp raised its holdings in shares of Tesla by 1.3% in the 2nd quarter. First Merchants Corp now owns 2,413 shares of the electric vehicle producer’s stock worth $767,000 after acquiring an additional 31 shares during the last quarter. Kaye Capital Management lifted its position in Tesla by 3.1% in the 2nd quarter. Kaye Capital Management now owns 1,047 shares of the electric vehicle producer’s stock valued at $333,000 after acquiring an additional 31 shares in the last quarter. Spectrum Wealth Advisory Group LLC lifted its position in Tesla by 3.4% in the 2nd quarter. Spectrum Wealth Advisory Group LLC now owns 941 shares of the electric vehicle producer’s stock valued at $299,000 after acquiring an additional 31 shares in the last quarter. Finally, Wambolt & Associates LLC boosted its stake in Tesla by 1.0% during the 2nd quarter. Wambolt & Associates LLC now owns 3,119 shares of the electric vehicle producer’s stock valued at $938,000 after purchasing an additional 31 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,637 shares of the business’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the sale, the chief financial officer directly owned 13,757 shares in the company, valued at $6,107,145.01. The trade was a 16.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James R. Murdoch sold 60,000 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $422.68, for a total value of $25,360,800.00. Following the transaction, the director owned 637,031 shares of the company’s stock, valued at $269,260,263.08. The trade was a 8.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 119,457 shares of company stock valued at $52,137,945 over the last ninety days. 19.90% of the stock is currently owned by insiders.

Tesla Stock Performance

Shares of TSLA stock opened at $458.96 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The firm has a market cap of $1.53 trillion, a price-to-earnings ratio of 305.97, a P/E/G ratio of 15.09 and a beta of 1.87. Tesla, Inc. has a 52 week low of $214.25 and a 52 week high of $488.54. The firm’s 50-day simple moving average is $435.52 and its two-hundred day simple moving average is $376.19.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (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 analyst estimates of $24.98 billion. During the same quarter last year, the business posted $0.72 EPS. Tesla’s quarterly revenue was up 11.6% compared to the same quarter last year. As a group, equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TSLA. Evercore ISI raised their target price on Tesla from $235.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. TD Cowen raised their price objective on Tesla from $374.00 to $509.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. New Street Research lifted their price objective on shares of Tesla from $465.00 to $520.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Wedbush reiterated an “outperform” rating and issued a $600.00 target price on shares of Tesla in a report on Wednesday, November 5th. Finally, Barclays restated a “neutral” rating and set a $350.00 price target on shares of Tesla in a report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have issued a Hold rating and nine have assigned a Sell rating to the company. According to MarketBeat.com, Tesla currently has a consensus rating of “Hold” and a consensus target price of $399.33.

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.