Petros Family Wealth LLC Purchases 140 Shares of Tesla, Inc. $TSLA

Petros Family Wealth LLC raised its position in Tesla, Inc. (NASDAQ:TSLA) by 4.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,095 shares of the electric vehicle producer’s stock after acquiring an additional 140 shares during the period. Petros Family Wealth LLC’s holdings in Tesla were worth $983,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Knights of Columbus Asset Advisors LLC lifted its stake in Tesla by 5.4% in the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 49,795 shares of the electric vehicle producer’s stock valued at $15,818,000 after acquiring an additional 2,573 shares in the last quarter. Marks Group Wealth Management Inc lifted its stake in Tesla by 11.0% in the 2nd quarter. Marks Group Wealth Management Inc now owns 1,437 shares of the electric vehicle producer’s stock valued at $456,000 after acquiring an additional 142 shares in the last quarter. Woodmont Investment Counsel LLC lifted its stake in Tesla by 5.3% in the 2nd quarter. Woodmont Investment Counsel LLC now owns 2,398 shares of the electric vehicle producer’s stock valued at $762,000 after acquiring an additional 120 shares in the last quarter. Three Bridge Wealth Advisors LLC bought a new stake in Tesla in the 2nd quarter valued at approximately $779,000. Finally, JSF Financial LLC lifted its stake in Tesla by 6.9% in the 2nd quarter. JSF Financial LLC now owns 2,392 shares of the electric vehicle producer’s stock valued at $760,000 after acquiring an additional 154 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 5.4%

TSLA opened at $453.25 on Tuesday. Tesla, Inc. has a 1-year low of $212.11 and a 1-year high of $488.54. The stock’s fifty day simple moving average is $366.57 and its 200 day simple moving average is $324.02. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.51 trillion, a PE ratio of 261.99, a price-to-earnings-growth ratio of 14.93 and a beta of 2.08.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The firm had revenue of $22.50 billion during the quarter, compared to analyst estimates of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The business’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 earnings per share. As a group, research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TSLA shares. William Blair reiterated a “market perform” rating on shares of Tesla in a research note on Friday, September 5th. The Goldman Sachs Group upped their price objective on Tesla from $395.00 to $425.00 and gave the stock a “neutral” rating in a research note on Friday. CICC Research upped their price objective on Tesla from $360.00 to $450.00 and gave the stock an “outperform” rating in a research note on Thursday, September 18th. Guggenheim reiterated a “sell” rating and set a $175.00 price objective on shares of Tesla in a research note on Wednesday, July 23rd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $355.00 price objective on shares of Tesla in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, thirteen have issued a Hold rating and eight have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $344.40.

Insiders Place Their Bets

In other Tesla news, 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 transaction of $7,275,000.00. Following the transaction, the senior vice president owned 47,600 shares in the company, valued at $17,314,500. This trade represents a 29.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the chief financial officer owned 9,856 shares in the company, valued at $3,473,057.28. The trade was a 20.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 202,606 shares of company stock worth $75,588,902 in the last 90 days. Company insiders own 19.90% of the company’s stock.

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.