Tesla, Inc. $TSLA Shares Acquired by SVB Wealth LLC

SVB Wealth LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 10.0% in the 1st quarter, HoldingsChannel reports. The firm owned 26,202 shares of the electric vehicle producer’s stock after purchasing an additional 2,391 shares during the period. SVB Wealth LLC’s holdings in Tesla were worth $9,741,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in TSLA. Networth Advisors LLC acquired a new position in Tesla during the fourth quarter worth $26,000. Davidson Capital Management Inc. boosted its position in shares of Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after purchasing an additional 27 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new stake in shares of Tesla during the 3rd quarter worth $30,000. Prism Advisors Inc. acquired a new position in shares of Tesla during the 4th quarter worth $30,000. Finally, Texas Capital Bancshares Inc TX purchased a new position in shares of Tesla in the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

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Tesla Stock Performance

NASDAQ TSLA opened at $375.53 on Thursday. Tesla, Inc. has a fifty-two week low of $288.77 and a fifty-two week high of $498.83. The stock has a market cap of $1.41 trillion, a price-to-earnings ratio of 344.52, a price-to-earnings-growth ratio of 15.25 and a beta of 1.80. The business has a fifty day moving average of $405.64 and a 200-day moving average of $413.97. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLAGet Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 earnings per share. As a group, analysts predict that Tesla, Inc. will post 1.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on TSLA. Glj Research reissued a “sell” rating on shares of Tesla in a report on Friday, June 12th. Roth Mkm reaffirmed a “buy” rating on shares of Tesla in a report on Thursday, April 23rd. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Tesla in a research report on Wednesday. Zacks Research raised Tesla from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a report on Thursday, June 11th. Twenty-one equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $405.06.

Check Out Our Latest Stock Report on TSLA

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $8,147,700. This represents a 14.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the sale, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 57,824 shares of company stock worth $21,657,588. 19.90% of the stock is owned by insiders.

Tesla Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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