Tesla, Inc. $TSLA Shares Purchased by Gentry Private Wealth LLC

Gentry Private Wealth LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.5% in the second quarter, Holdings Channel reports. The firm owned 2,245 shares of the electric vehicle producer’s stock after acquiring an additional 55 shares during the period. Tesla accounts for 0.5% of Gentry Private Wealth LLC’s investment portfolio, making the stock its 28th biggest position. Gentry Private Wealth LLC’s holdings in Tesla were worth $713,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sachetta LLC grew its position in Tesla by 8.8% in the second quarter. Sachetta LLC now owns 1,711 shares of the electric vehicle producer’s stock valued at $544,000 after acquiring an additional 139 shares in the last quarter. 626 Financial LLC grew its position in Tesla by 5.3% in the second quarter. 626 Financial LLC now owns 2,800 shares of the electric vehicle producer’s stock valued at $889,000 after acquiring an additional 142 shares in the last quarter. KLP Kapitalforvaltning AS grew its position in Tesla by 4.1% in the second quarter. KLP Kapitalforvaltning AS now owns 1,033,510 shares of the electric vehicle producer’s stock valued at $328,305,000 after acquiring an additional 40,300 shares in the last quarter. Tyche Wealth Partners LLC grew its position in Tesla by 3.8% in the second quarter. Tyche Wealth Partners LLC now owns 22,412 shares of the electric vehicle producer’s stock valued at $7,119,000 after acquiring an additional 828 shares in the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in Tesla in the second quarter valued at approximately $216,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of TSLA opened at $438.69 on Thursday. The business’s fifty day moving average price is $371.20 and its 200 day moving average price is $325.56. Tesla, Inc. has a 12-month low of $212.11 and a 12-month high of $488.54. The stock has a market capitalization of $1.46 trillion, a PE ratio of 253.58, a price-to-earnings-growth ratio of 15.92 and a beta of 2.08. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). Tesla had a return on equity of 7.98% and a net margin of 6.54%.The firm had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $23.18 billion. During the same quarter last year, the business earned $0.52 earnings per share. The business’s revenue for the quarter was down 11.8% compared to the same quarter last year. Equities research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

TSLA has been the subject of several recent research reports. China Renaissance reaffirmed a “hold” rating and issued a $349.00 price objective on shares of Tesla in a research report on Friday, July 25th. Glj Research reaffirmed a “sell” rating on shares of Tesla in a research report on Thursday, July 24th. Mizuho increased their price objective on shares of Tesla from $375.00 to $450.00 and gave the company an “outperform” rating in a research report on Tuesday, September 23rd. Canaccord Genuity Group increased their target price on Tesla from $333.00 to $490.00 and gave the company a “buy” rating in a research note on Tuesday, September 30th. Finally, Dbs Bank increased their target price on Tesla from $300.00 to $450.00 in a research note on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, thirteen have given a Hold rating and eight have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $345.70.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $352.38, for a total value 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 trade represents a 20.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James R. Murdoch sold 120,000 shares of the firm’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total value of $42,034,800.00. Following the completion of the sale, the director owned 697,031 shares in the company, valued at $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 202,606 shares of company stock worth $75,588,902 over the last ninety days. 19.90% of the stock is owned by insiders.

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.