Tesla, Inc. $TSLA Stock Position Increased by Everpar Advisors LLC

Everpar Advisors LLC increased its position in Tesla, Inc. (NASDAQ:TSLA) by 8.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,127 shares of the electric vehicle producer’s stock after buying an additional 708 shares during the quarter. Tesla comprises approximately 1.3% of Everpar Advisors LLC’s holdings, making the stock its 14th largest position. Everpar Advisors LLC’s holdings in Tesla were worth $2,899,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TSLA. Elevation Wealth Partners LLC lifted its holdings in Tesla by 3.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 8,807 shares of the electric vehicle producer’s stock valued at $2,798,000 after acquiring an additional 316 shares during the last quarter. Juncture Wealth Strategies LLC raised its holdings in shares of Tesla by 25.0% in the 2nd quarter. Juncture Wealth Strategies LLC now owns 1,694 shares of the electric vehicle producer’s stock worth $538,000 after purchasing an additional 339 shares in the last quarter. Parisi Gray Wealth Management lifted its stake in Tesla by 0.8% during the second quarter. Parisi Gray Wealth Management now owns 12,815 shares of the electric vehicle producer’s stock valued at $4,071,000 after purchasing an additional 99 shares during the last quarter. Northstar Advisory Group LLC boosted its holdings in Tesla by 15.6% during the second quarter. Northstar Advisory Group LLC now owns 8,684 shares of the electric vehicle producer’s stock worth $2,759,000 after buying an additional 1,172 shares in the last quarter. Finally, Avity Investment Management Inc. acquired a new position in Tesla in the second quarter worth approximately $200,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Performance

TSLA stock opened at $410.04 on Tuesday. The firm has a 50 day simple moving average of $331.21 and a 200 day simple moving average of $304.53. Tesla, Inc. has a 52 week low of $212.11 and a 52 week high of $488.54. The stock has a market cap of $1.32 trillion, a P/E ratio of 237.02, a P/E/G ratio of 13.81 and a beta of 2.06. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The company had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%.The firm’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS. Research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TSLA shares. Piper Sandler reissued an “overweight” rating and set a $400.00 price objective on shares of Tesla in a research note on Tuesday, June 10th. Glj Research reissued a “sell” rating on shares of Tesla in a research note on Thursday, July 24th. Mizuho reduced their price objective on shares of Tesla from $390.00 to $375.00 and set an “outperform” rating for the company in a research note on Tuesday, July 8th. Argus reissued a “hold” rating on shares of Tesla in a research report on Monday, June 9th. Finally, Morgan Stanley restated an “overweight” rating and issued a $410.00 price target on shares of Tesla in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, fourteen have assigned a Hold rating and nine have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $303.00.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the sale, the chief financial officer directly owned 9,856 shares in the company, valued at $3,473,057.28. The trade was a 20.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of the transaction, the senior vice president owned 47,600 shares in the company, valued at $17,314,500. This represents a 29.59% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 148,606 shares of company stock valued at $51,999,662. Insiders own 20.70% of the company’s stock.

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.