Tesla, Inc. (NASDAQ:TSLA) Shares Bought by MN Wealth Advisors LLC

MN Wealth Advisors LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 28.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,541 shares of the electric vehicle producer’s stock after purchasing an additional 338 shares during the period. MN Wealth Advisors LLC’s holdings in Tesla were worth $399,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. True Wealth Design LLC boosted its position in Tesla by 79.5% during the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 31 shares in the last quarter. Horrell Capital Management Inc. grew its holdings in Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock valued at $32,000 after purchasing an additional 34 shares during the last quarter. Pflug Koory LLC grew its holdings in Tesla by 370.4% in the first quarter. Pflug Koory LLC now owns 127 shares of the electric vehicle producer’s stock valued at $33,000 after purchasing an additional 100 shares during the last quarter. GS Investments Inc. grew its holdings in Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock valued at $36,000 after purchasing an additional 58 shares during the last quarter. Finally, Navigoe LLC acquired a new stake in Tesla in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Oppenheimer reissued a “mixed” rating on shares of Tesla in a report on Tuesday, March 18th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a report on Wednesday, April 23rd. Truist Financial set a $280.00 target price on Tesla in a report on Tuesday, April 22nd. Glj Research reissued a “sell” rating and issued a $19.05 target price (down previously from $24.86) on shares of Tesla in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. lowered their target price on Tesla from $120.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, April 23rd. Ten analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $293.67.

Tesla Stock Performance

Tesla stock opened at $316.73 on Wednesday. The stock’s 50-day moving average is $302.42 and its 200-day moving average is $332.66. The company has a market cap of $1.02 trillion, a price-to-earnings ratio of 174.03, a price-to-earnings-growth ratio of 12.36 and a beta of 2.47. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.54. Tesla, Inc. has a 12 month low of $179.66 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). The firm had revenue of $19.34 billion during the quarter, compared to analysts’ expectations of $22.93 billion. Tesla had a return on equity of 9.02% and a net margin of 6.66%. During the same quarter last year, the business earned $0.45 earnings per share. Equities analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Transactions at Tesla

In related news, SVP Xiaotong Zhu sold 15,000 shares of the firm’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the sale, the senior vice president now directly owns 67,600 shares in the company, valued at approximately $21,889,556. This trade represents a 18.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 2,564 shares of the firm’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $285.71, for a total value of $732,560.44. Following the sale, the chief financial officer now owns 5,924 shares in the company, valued at approximately $1,692,546.04. The trade was a 30.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 833,509 shares of company stock worth $278,648,925 in the last three months. 20.70% of the stock is currently owned by company 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.