Tesla, Inc. $TSLA Shares Sold by Caliber Wealth Management LLC KS

Caliber Wealth Management LLC KS reduced its position in Tesla, Inc. (NASDAQ:TSLA) by 9.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,192 shares of the electric vehicle producer’s stock after selling 230 shares during the quarter. Caliber Wealth Management LLC KS’s holdings in Tesla were worth $696,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TSLA. Brighton Jones LLC raised its stake in shares of Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after purchasing an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Tesla by 21.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after purchasing an additional 931 shares during the last quarter. Bison Wealth LLC raised its stake in shares of Tesla by 52.2% during the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after purchasing an additional 3,558 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Tesla by 6.0% during the first quarter. GAMMA Investing LLC now owns 37,862 shares of the electric vehicle producer’s stock worth $9,812,000 after purchasing an additional 2,153 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Tesla by 486.4% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 692 shares of the electric vehicle producer’s stock worth $179,000 after purchasing an additional 574 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Trading Down 0.8%

Shares of TSLA stock opened at $438.97 on Thursday. Tesla, Inc. has a fifty-two week low of $212.11 and a fifty-two week high of $488.54. The stock has a market cap of $1.46 trillion, a P/E ratio of 253.74, a P/E/G ratio of 15.91 and a beta of 2.08. The business has a fifty day simple moving average of $393.73 and a 200-day simple moving average of $336.97. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Tesla had a return on equity of 7.98% and a net margin of 6.54%.The business had revenue of $28.10 billion during the quarter, compared to analysts’ expectations of $24.98 billion. During the same quarter last year, the business posted $0.72 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TSLA shares. UBS Group set a $247.00 price target on Tesla in a research note on Monday, October 6th. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research note on Thursday, July 24th. Baird R W upgraded Tesla from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Benchmark reiterated a “buy” rating and issued a $475.00 price objective (up previously from $350.00) on shares of Tesla in a research report on Thursday, June 26th. Finally, Industrial Alliance Securities set a $300.00 price objective on Tesla in a research report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have assigned a Hold rating and ten have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $363.54.

Insider Activity

In other news, Director James R. Murdoch sold 120,000 shares of the firm’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total value of $42,034,800.00. Following the completion of the transaction, the director owned 697,031 shares in the company, valued at $244,162,988.99. This trade represents a 14.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of the transaction, the chief financial officer owned 9,856 shares of the company’s stock, valued at approximately $3,473,057.28. This represents a 20.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 202,606 shares of company stock worth $75,588,902 over the last 90 days. 19.90% of the stock is currently owned by corporate insiders.

Tesla Company 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.