Eagle Strategies LLC Acquires 1,053 Shares of Tesla, Inc. $TSLA

Eagle Strategies LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 18.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,847 shares of the electric vehicle producer’s stock after buying an additional 1,053 shares during the quarter. Eagle Strategies LLC’s holdings in Tesla were worth $2,175,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Tesla by 11.8% in 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 period. Revolve Wealth Partners LLC boosted its position in shares of Tesla by 21.2% in 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 period. Bison Wealth LLC boosted its position in shares of Tesla by 52.2% in 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 period. GAMMA Investing LLC boosted its position in shares of Tesla by 6.0% in 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 period. Finally, Ulland Investment Advisors LLC boosted its position in shares of Tesla by 30.8% in the first quarter. Ulland Investment Advisors LLC now owns 170 shares of the electric vehicle producer’s stock worth $44,000 after purchasing an additional 40 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Insider Activity at Tesla

In related news, SVP Xiaotong Zhu sold 20,000 shares of the company’s stock in a transaction 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 sale, the senior vice president owned 47,600 shares of the company’s stock, valued at $17,314,500. This represents a 29.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction 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. The trade was a 20.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 202,606 shares of company stock valued at $75,588,902 over the last 90 days. 19.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TSLA. Deutsche Bank Aktiengesellschaft upped their price target on shares of Tesla from $345.00 to $435.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Robert W. Baird upgraded shares of Tesla from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $320.00 to $548.00 in a research report on Friday, September 19th. TD Cowen upped their price target on shares of Tesla from $374.00 to $509.00 and gave the stock a “buy” rating in a research report on Thursday. China Renaissance reissued a “hold” rating and issued a $349.00 target price on shares of Tesla in a report on Friday, July 25th. Finally, Guggenheim reissued a “sell” rating and issued a $175.00 target price on shares of Tesla in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, thirteen have issued a Hold rating and eight have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $349.37.

Tesla Price Performance

Tesla stock opened at $435.54 on Friday. The company has a market cap of $1.45 trillion, a price-to-earnings ratio of 251.76, a PEG ratio of 16.04 and a beta of 2.08. The firm’s fifty day moving average is $373.75 and its 200 day moving average is $326.64. 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, Inc. has a 52-week low of $212.11 and a 52-week high of $488.54.

Tesla (NASDAQ:TSLA) last released its quarterly 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 business had revenue of $22.50 billion for the quarter, compared to analysts’ expectations of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 7.98%. Tesla’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 EPS. Sell-side analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.