VSM Wealth Advisory LLC Has $342,000 Holdings in Tesla, Inc. (NASDAQ:TSLA)

VSM Wealth Advisory LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 17.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,320 shares of the electric vehicle producer’s stock after acquiring an additional 193 shares during the period. VSM Wealth Advisory LLC’s holdings in Tesla were worth $342,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Sense Advisors Inc. grew its position in Tesla by 60.4% during the first quarter. Financial Sense Advisors Inc. now owns 68,558 shares of the electric vehicle producer’s stock worth $17,767,000 after buying an additional 25,820 shares in the last quarter. Oakwell Private Wealth Management LLC bought a new position in shares of Tesla in the 1st quarter valued at $249,000. Flynn Zito Capital Management LLC raised its position in Tesla by 6.1% during the 1st quarter. Flynn Zito Capital Management LLC now owns 3,266 shares of the electric vehicle producer’s stock worth $846,000 after purchasing an additional 188 shares during the last quarter. PFG Advisors raised its position in Tesla by 4.4% during the 1st quarter. PFG Advisors now owns 11,005 shares of the electric vehicle producer’s stock worth $2,852,000 after purchasing an additional 468 shares during the last quarter. Finally, Ignite Planners LLC grew its holdings in Tesla by 4.5% during the 1st quarter. Ignite Planners LLC now owns 17,743 shares of the electric vehicle producer’s stock worth $4,977,000 after acquiring an additional 767 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Insider Activity at Tesla

In related news, Director Robyn M. Denholm sold 112,395 shares of the firm’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $274.12, for a total transaction of $30,809,717.40. Following the completion of the sale, the director directly owned 85,000 shares of the company’s stock, valued at approximately $23,300,200. This trade represents a 56.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vaibhav Taneja sold 6,000 shares of the firm’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $341.02, for a total transaction of $2,046,120.00. Following the transaction, the chief financial officer directly owned 1,950 shares of the company’s stock, valued at approximately $664,989. This represents a 75.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 835,509 shares of company stock valued at $279,420,485 over the last 90 days. 20.70% of the stock is currently owned by insiders.

Tesla Stock Up 0.3%

Shares of Tesla stock traded up $0.89 during trading on Tuesday, hitting $329.38. 17,144,085 shares of the stock were exchanged, compared to its average volume of 98,534,701. The stock has a market cap of $1.06 trillion, a price-to-earnings ratio of 180.44, a price-to-earnings-growth ratio of 12.56 and a beta of 2.39. The firm’s 50-day moving average price is $326.27 and its 200 day moving average price is $316.26. Tesla, Inc. has a 12-month low of $182.00 and a 12-month high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.54.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). Tesla had a return on equity of 9.02% and a net margin of 6.66%. The firm had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. During the same quarter last year, the firm earned $0.45 earnings per share. As a group, analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TSLA shares. Bank of America raised their target price on Tesla from $305.00 to $341.00 and gave the company a “neutral” rating in a research note on Monday. Robert W. Baird reaffirmed a “neutral” rating and issued a $320.00 price target on shares of Tesla in a report on Monday, June 9th. Baird R W lowered Tesla from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 9th. Mizuho dropped their target price on Tesla from $390.00 to $375.00 and set an “outperform” rating for the company in a report on Tuesday, July 8th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $410.00 target price on shares of Tesla in a report on Friday, June 6th. Ten analysts have rated the stock with a sell rating, fourteen have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average price target of $298.97.

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.