Tesla, Inc. $TSLA Shares Bought by Weaver Consulting Group

Weaver Consulting Group grew its holdings in Tesla, Inc. (NASDAQ:TSLA) by 7.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,182 shares of the electric vehicle producer’s stock after buying an additional 217 shares during the period. Weaver Consulting Group’s holdings in Tesla were worth $1,011,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. NFP Retirement Inc. grew its position in shares of Tesla by 31.0% in the second quarter. NFP Retirement Inc. now owns 5,777 shares of the electric vehicle producer’s stock valued at $1,835,000 after purchasing an additional 1,366 shares in the last quarter. GDS Wealth Management boosted its stake in Tesla by 48.6% during the second quarter. GDS Wealth Management now owns 2,209 shares of the electric vehicle producer’s stock worth $702,000 after buying an additional 722 shares during the last quarter. Real Talk Capital LLC acquired a new position in Tesla during the second quarter worth $437,000. Empirical Finance LLC grew its holdings in Tesla by 0.7% in the 2nd quarter. Empirical Finance LLC now owns 82,363 shares of the electric vehicle producer’s stock valued at $26,163,000 after buying an additional 576 shares in the last quarter. Finally, Nicholas Wealth LLC. increased its stake in shares of Tesla by 1.9% in the 2nd quarter. Nicholas Wealth LLC. now owns 15,787 shares of the electric vehicle producer’s stock worth $5,015,000 after acquiring an additional 300 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Up 3.8%

Tesla stock opened at $419.53 on Thursday. The company has a market capitalization of $1.40 trillion, a PE ratio of 279.66, a price-to-earnings-growth ratio of 16.84 and a beta of 2.06. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $488.54. The firm has a 50 day moving average price of $433.12 and a 200 day moving average price of $363.32.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $28.10 billion during the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The company’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. Research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the sale, the chief financial officer directly owned 9,856 shares in the company, valued at approximately $3,473,057.28. This represents a 20.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the senior vice president directly owned 47,600 shares in the company, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 202,606 shares of company stock worth $75,588,902. 19.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on TSLA shares. Wedbush reissued an “outperform” rating and set a $600.00 price target on shares of Tesla in a research report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Tesla from $440.00 to $470.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Baird R W raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Cowen restated a “buy” rating on shares of Tesla in a report on Monday. Finally, Mizuho upped their price objective on Tesla from $450.00 to $485.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have assigned a Hold rating and ten have issued a Sell rating to the company’s stock. According to MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus target price of $394.31.

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.