Tesla, Inc. $TSLA Shares Bought by Acorns Advisers LLC

Acorns Advisers LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 29.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,343 shares of the electric vehicle producer’s stock after buying an additional 5,507 shares during the period. Tesla makes up 0.1% of Acorns Advisers LLC’s holdings, making the stock its 24th largest position. Acorns Advisers LLC’s holdings in Tesla were worth $6,309,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Acorn Wealth Advisors LLC increased its position in Tesla by 1.9% during the 1st quarter. Acorn Wealth Advisors LLC now owns 1,901 shares of the electric vehicle producer’s stock worth $493,000 after purchasing an additional 36 shares during the period. Solutions 4 Wealth Ltd lifted its stake in Tesla by 2.0% in the 1st quarter. Solutions 4 Wealth Ltd now owns 1,815 shares of the electric vehicle producer’s stock valued at $470,000 after buying an additional 36 shares in the last quarter. Capital Management Associates Inc lifted its stake in Tesla by 3.4% in the 1st quarter. Capital Management Associates Inc now owns 1,166 shares of the electric vehicle producer’s stock valued at $302,000 after buying an additional 38 shares in the last quarter. Graney & King LLC lifted its stake in shares of Tesla by 18.4% during the 1st quarter. Graney & King LLC now owns 245 shares of the electric vehicle producer’s stock worth $63,000 after purchasing an additional 38 shares during the period. Finally, Mraz Amerine & Associates Inc. lifted its stake in shares of Tesla by 3.8% during the 1st quarter. Mraz Amerine & Associates Inc. now owns 1,054 shares of the electric vehicle producer’s stock worth $278,000 after purchasing an additional 39 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 15,000 shares of Tesla stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total value of $4,857,150.00. Following the transaction, the senior vice president owned 67,600 shares in the company, valued at approximately $21,889,556. The trade was a 18.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James R. Murdoch sold 120,000 shares of Tesla stock in a transaction that occurred on 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 transaction, the director owned 697,031 shares in the company, valued at approximately $244,162,988.99. The trade was a 14.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,606 shares of company stock worth $49,581,812 over the last quarter. 20.70% of the stock is currently owned by company insiders.

Tesla Stock Performance

TSLA opened at $346.97 on Wednesday. Tesla, Inc. has a twelve month low of $212.11 and a twelve month high of $488.54. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.12 trillion, a PE ratio of 200.56, a price-to-earnings-growth ratio of 12.08 and a beta of 2.06. The business’s 50 day moving average is $325.50 and its 200-day moving average is $302.26.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS 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 analyst estimates of $23.18 billion. During the same quarter in the prior year, the business earned $0.52 EPS. Tesla’s revenue was down 11.8% compared to the same quarter last year. On average, analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TSLA shares. Royal Bank Of Canada reaffirmed an “overweight” rating on shares of Tesla in a research report on Tuesday, July 29th. Glj Research restated a “sell” rating on shares of Tesla in a research note on Thursday, July 24th. HSBC restated a “reduce” rating and set a $120.00 target price on shares of Tesla in a research note on Thursday, July 3rd. Piper Sandler reiterated an “overweight” rating and issued a $400.00 price target on shares of Tesla in a research note on Tuesday, June 10th. Finally, Bank of America lifted their price target on Tesla from $305.00 to $341.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, fourteen have given a Hold rating and nine have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $303.00.

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.