Larson Financial Group LLC Has $1.66 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Larson Financial Group LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 12.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,437 shares of the electric vehicle producer’s stock after acquiring an additional 273 shares during the quarter. Larson Financial Group LLC’s holdings in Tesla were worth $1,656,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TSLA. Milestone Resources Group Ltd raised its holdings in shares of Tesla by 56.0% in the second quarter. Milestone Resources Group Ltd now owns 39 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. Harbor Investment Advisory LLC lifted its position in shares of Tesla by 0.7% during the 2nd quarter. Harbor Investment Advisory LLC now owns 2,234 shares of the electric vehicle producer’s stock worth $1,518,000 after buying an additional 15 shares in the last quarter. Anfield Capital Management LLC boosted its stake in shares of Tesla by 3.3% in the 2nd quarter. Anfield Capital Management LLC now owns 473 shares of the electric vehicle producer’s stock worth $321,000 after buying an additional 15 shares during the last quarter. Annapolis Financial Services LLC increased its position in shares of Tesla by 2.2% during the second quarter. Annapolis Financial Services LLC now owns 705 shares of the electric vehicle producer’s stock valued at $479,000 after acquiring an additional 15 shares during the last quarter. Finally, Hartline Investment Corp boosted its position in Tesla by 2.2% in the second quarter. Hartline Investment Corp now owns 707 shares of the electric vehicle producer’s stock worth $481,000 after purchasing an additional 15 shares during the last quarter. 40.28% of the stock is owned by hedge funds and other institutional investors.

In other news, CAO Vaibhav Taneja sold 4,459 shares of Tesla stock in a transaction that occurred on Tuesday, July 6th. The stock was sold at an average price of $661.59, for a total value of $2,950,029.81. Following the sale, the chief accounting officer now directly owns 19,721 shares in the company, valued at approximately $13,047,216.39. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Zachary Kirkhorn sold 1,250 shares of the company’s stock in a transaction on Thursday, June 17th. The stock was sold at an average price of $601.55, for a total transaction of $751,937.50. Following the completion of the transaction, the chief financial officer now owns 56,757 shares of the company’s stock, valued at $34,142,173.35. The disclosure for this sale can be found here. Insiders sold 90,652 shares of company stock valued at $64,733,947 over the last three months. 25.00% of the stock is currently owned by insiders.

Several brokerages have recently issued reports on TSLA. Canaccord Genuity decreased their price target on shares of Tesla from $812.00 to $768.00 and set a “buy” rating for the company in a research note on Tuesday, July 27th. Wells Fargo & Company upped their price target on Tesla from $590.00 to $660.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 27th. Roth Capital restated a “neutral” rating on shares of Tesla in a research note on Tuesday, July 27th. KGI Securities initiated coverage on shares of Tesla in a research note on Monday, August 2nd. They issued an “outperform” rating and a $855.00 target price for the company. Finally, Jefferies Financial Group upgraded shares of Tesla from a “hold” rating to a “buy” rating and upped their price target for the company from $700.00 to $850.00 in a research note on Monday, August 9th. Eight analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $602.16.

Shares of TSLA traded down $0.80 during midday trading on Wednesday, reaching $743.69. The stock had a trading volume of 255,026 shares, compared to its average volume of 28,276,143. The company has a current ratio of 1.51, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $736.26 billion, a price-to-earnings ratio of 387.76, a price-to-earnings-growth ratio of 6.20 and a beta of 1.95. The company’s 50-day moving average is $695.20 and its 200 day moving average is $668.15. Tesla, Inc. has a 12-month low of $351.30 and a 12-month high of $900.40.

Tesla (NASDAQ:TSLA) last issued its earnings results on Sunday, July 25th. The electric vehicle producer reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.93. Tesla had a return on equity of 9.75% and a net margin of 5.21%. The business had revenue of $11.96 billion during the quarter, compared to analyst estimates of $11.39 billion. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Research analysts forecast that Tesla, Inc. will post 3.39 EPS for the current fiscal year.

About Tesla

Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The company operates through the following segments: Automotive and Energy Generation and Storage.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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