Tesla, Inc. $TSLA Shares Sold by BOK Financial Private Wealth Inc.

BOK Financial Private Wealth Inc. lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 47.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 675 shares of the electric vehicle producer’s stock after selling 609 shares during the quarter. BOK Financial Private Wealth Inc.’s holdings in Tesla were worth $214,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in TSLA. Altman Advisors Inc. raised its holdings in Tesla by 0.5% during the second quarter. Altman Advisors Inc. now owns 9,158 shares of the electric vehicle producer’s stock worth $2,754,000 after purchasing an additional 44 shares in the last quarter. ProShare Advisors LLC increased its position in Tesla by 6.0% during the 2nd quarter. ProShare Advisors LLC now owns 2,506,451 shares of the electric vehicle producer’s stock worth $796,199,000 after purchasing an additional 141,295 shares during the period. Profund Advisors LLC raised its stake in shares of Tesla by 11.1% during the 2nd quarter. Profund Advisors LLC now owns 153,744 shares of the electric vehicle producer’s stock worth $48,838,000 after buying an additional 15,360 shares in the last quarter. Summit X LLC lifted its holdings in shares of Tesla by 1.1% in the 2nd quarter. Summit X LLC now owns 4,609 shares of the electric vehicle producer’s stock valued at $1,464,000 after buying an additional 52 shares during the period. Finally, Fonville Wealth Management LLC boosted its stake in shares of Tesla by 15.0% in the second quarter. Fonville Wealth Management LLC now owns 1,426 shares of the electric vehicle producer’s stock valued at $453,000 after buying an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 3.7%

TSLA stock opened at $445.23 on Tuesday. 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 company’s 50 day simple moving average is $423.19 and its 200-day simple moving average is $357.59. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $488.54. The firm has a market capitalization of $1.48 trillion, a PE ratio of 296.82, a P/E/G ratio of 16.84 and a beta of 2.06.

Tesla (NASDAQ:TSLA) last posted its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $28.10 billion for 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%.Tesla’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 EPS. Equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Roth Capital set a $505.00 target price on Tesla and gave the company a “buy” rating in a report on Thursday, October 23rd. Truist Financial increased their price target on shares of Tesla from $280.00 to $406.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. Canaccord Genuity Group decreased their price objective on shares of Tesla from $490.00 to $482.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Melius initiated coverage on shares of Tesla in a report on Monday, October 13th. They issued a “buy” rating and a $520.00 target price for the company. Finally, Mizuho boosted their price target on Tesla from $450.00 to $485.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have issued a Hold rating and eleven have assigned a Sell rating to the company. According to MarketBeat.com, Tesla has a consensus rating of “Hold” and an average price target of $391.08.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were 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 owned 9,856 shares of the company’s stock, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James R. Murdoch sold 120,000 shares of the firm’s stock in a transaction dated 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 sale, the director directly owned 697,031 shares in the company, valued at $244,162,988.99. This represents a 14.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 202,606 shares of company stock valued at $75,588,902 over the last three months. 19.90% of the stock is currently owned by insiders.

About Tesla

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.