1,029 Shares in Tesla, Inc. $TSLA Bought by MBE Wealth Management LLC

MBE Wealth Management LLC bought a new position in Tesla, Inc. (NASDAQ:TSLA) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 1,029 shares of the electric vehicle producer’s stock, valued at approximately $327,000.

A number of other large investors also recently added to or reduced their stakes in TSLA. Brighton Jones LLC raised its position in Tesla by 11.8% in the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after purchasing an additional 9,293 shares during the period. Revolve Wealth Partners LLC grew its holdings in Tesla by 21.2% in the 4th 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 during the last quarter. Bison Wealth LLC grew its holdings in Tesla by 52.2% in the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after acquiring an additional 3,558 shares during the last quarter. Park National Corp OH grew its holdings in Tesla by 5.7% in the 1st quarter. Park National Corp OH now owns 2,086 shares of the electric vehicle producer’s stock worth $541,000 after acquiring an additional 113 shares during the last quarter. Finally, Hiley Hunt Wealth Management bought a new stake in Tesla in the 1st quarter worth $243,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In related news, SVP Xiaotong Zhu sold 20,000 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the sale, the director directly owned 637,031 shares in the company, valued at $269,260,263.08. The trade was a 8.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 208,606 shares of company stock valued at $77,360,462 over the last quarter. Corporate insiders own 19.90% of the company’s stock.

Tesla Trading Up 4.0%

Shares of TSLA opened at $440.40 on Friday. The firm’s 50-day moving average price is $352.05 and its 200-day moving average price is $314.42. The firm has a market capitalization of $1.46 trillion, a price-to-earnings ratio of 254.57, a PEG ratio of 14.77 and a beta of 2.06. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a 1-year low of $212.11 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). Tesla had a net margin of 6.54% and a return on equity of 7.98%. The company had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $23.18 billion. During the same period in the previous year, the firm posted $0.52 EPS. The company’s revenue for the quarter was down 11.8% on a year-over-year basis. Sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. CICC Research raised their price target on shares of Tesla from $360.00 to $450.00 and gave the stock an “outperform” rating in a report on Thursday, September 18th. Mizuho raised their price target on shares of Tesla from $375.00 to $450.00 and gave the stock an “outperform” rating in a report on Tuesday. Bank of America raised their price target on shares of Tesla from $305.00 to $341.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Dbs Bank raised their price target on shares of Tesla from $300.00 to $450.00 in a report on Wednesday, September 17th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Tesla in a report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twelve have given a Hold rating and nine have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $332.33.

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.