JFG Wealth Management LLC Sells 2,646 Shares of Tesla, Inc. $TSLA

JFG Wealth Management LLC lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 59.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,830 shares of the electric vehicle producer’s stock after selling 2,646 shares during the period. JFG Wealth Management LLC’s holdings in Tesla were worth $581,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Siren L.L.C. bought a new stake in shares of Tesla in the 1st quarter valued at about $2,332,000. Zuckerman Investment Group LLC increased its stake in Tesla by 6.9% in the 1st quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer’s stock worth $3,304,000 after purchasing an additional 826 shares during the period. Keystone Global Partners LLC bought a new stake in Tesla in the first quarter valued at approximately $594,000. Strs Ohio purchased a new stake in shares of Tesla during the first quarter valued at approximately $205,495,000. Finally, AustralianSuper Pty Ltd grew its holdings in shares of Tesla by 1,823.0% in the second quarter. AustralianSuper Pty Ltd now owns 68,325 shares of the electric vehicle producer’s stock worth $21,704,000 after purchasing an additional 64,772 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In related news, SVP Xiaotong Zhu sold 20,000 shares of the firm’s 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 directly owned 47,600 shares of the company’s stock, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $422.68, for a total value of $25,360,800.00. Following the sale, the director directly owned 637,031 shares of the company’s stock, valued at $269,260,263.08. This represents a 8.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 202,606 shares of company stock valued at $75,588,902. Insiders own 19.90% of the company’s stock.

Tesla Stock Down 1.3%

Tesla stock opened at $439.62 on Wednesday. Tesla, Inc. has a one year low of $214.25 and a one year high of $488.54. The stock has a fifty day moving average of $425.40 and a 200 day moving average of $358.68. 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 stock has a market cap of $1.46 trillion, a PE ratio of 293.08, a price-to-earnings-growth ratio of 16.84 and a beta of 2.06.

Tesla (NASDAQ:TSLA) last released its quarterly 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. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. During the same period in the previous year, the company posted $0.72 EPS. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. As a group, sell-side analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. DZ Bank reissued a “sell” rating on shares of Tesla in a research note on Thursday, October 23rd. Roth Capital set a $505.00 price objective on shares of Tesla and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Robert W. Baird raised Tesla from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $320.00 to $548.00 in a research report on Friday, September 19th. Glj Research restated a “sell” rating on shares of Tesla in a report on Wednesday, October 22nd. Finally, Melius Research set a $520.00 price target on Tesla and gave the company a “buy” rating in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have given a Hold rating and eleven have issued a Sell rating to the stock. According to MarketBeat.com, Tesla has an average rating of “Hold” and an average target price 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.