Secured Retirement Advisors LLC Raises Stock Holdings in Tesla, Inc. $TSLA

Secured Retirement Advisors LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 97.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 6,806 shares of the electric vehicle producer’s stock after acquiring an additional 3,352 shares during the period. Tesla comprises 1.4% of Secured Retirement Advisors LLC’s portfolio, making the stock its 16th biggest position. Secured Retirement Advisors LLC’s holdings in Tesla were worth $2,530,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vertrix Wealth Management LLC bought a new position in Tesla in the 1st quarter valued at $362,000. Whelan Financial boosted its stake in shares of Tesla by 5.9% during the first quarter. Whelan Financial now owns 3,259 shares of the electric vehicle producer’s stock valued at $1,212,000 after purchasing an additional 183 shares during the period. Essex LLC boosted its stake in shares of Tesla by 18.4% during the first quarter. Essex LLC now owns 3,559 shares of the electric vehicle producer’s stock valued at $1,323,000 after purchasing an additional 553 shares during the period. USS Investment Management Ltd grew its holdings in shares of Tesla by 1.6% in the first quarter. USS Investment Management Ltd now owns 466,864 shares of the electric vehicle producer’s stock worth $173,979,000 after purchasing an additional 7,239 shares during the last quarter. Finally, Tcfg Wealth Management LLC increased its stake in Tesla by 10.9% in the 1st quarter. Tcfg Wealth Management LLC now owns 2,304 shares of the electric vehicle producer’s stock worth $855,000 after buying an additional 227 shares during the period. Institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

Shares of TSLA opened at $425.30 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. The company has a 50 day moving average price of $407.13 and a 200-day moving average price of $412.38. Tesla, Inc. has a fifty-two week low of $288.77 and a fifty-two week high of $498.83. The stock has a market capitalization of $1.60 trillion, a PE ratio of 390.18, a PEG ratio of 16.72 and a beta of 1.80.

Tesla (NASDAQ:TSLAGet Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. Tesla’s revenue was up 15.8% compared to the same quarter last year. During the same period last year, the company posted $0.27 earnings per share. Equities analysts predict that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

TSLA has been the subject of several research reports. Oppenheimer reissued a “market perform” rating on shares of Tesla in a research report on Thursday, June 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Tesla in a research report on Wednesday, June 24th. Glj Research reaffirmed a “sell” rating on shares of Tesla in a research note on Friday, June 12th. Roth Mkm reiterated a “buy” rating on shares of Tesla in a report on Thursday, April 23rd. Finally, HSBC restated a “hold” rating on shares of Tesla in a report on Monday, June 15th. Twenty-one investment analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $403.07.

View Our Latest Stock Analysis on TSLA

Tesla News Summary

Here are the key news stories impacting Tesla this week:

Insider Buying and Selling at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the transaction, the director owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the completion of the transaction, the chief financial officer owned 18,106 shares of the company’s stock, valued at $8,147,700. This represents a 14.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 32,015 shares of company stock valued at $12,383,640. Corporate insiders own 19.90% of the company’s stock.

Tesla Company Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean?energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery?electric vehicles and related services.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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