BKA Wealth Consulting Inc. Grows Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

BKA Wealth Consulting Inc. increased its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 5.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,759 shares of the electric vehicle producer’s stock after buying an additional 88 shares during the period. BKA Wealth Consulting Inc.’s holdings in Tesla were worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TSLA. Glenview Trust co grew its position in shares of Tesla by 1.9% in the third quarter. Glenview Trust co now owns 6,290 shares of the electric vehicle producer’s stock valued at $1,574,000 after purchasing an additional 115 shares during the last quarter. PAX Financial Group LLC grew its position in shares of Tesla by 5.5% in the third quarter. PAX Financial Group LLC now owns 2,879 shares of the electric vehicle producer’s stock valued at $720,000 after purchasing an additional 150 shares during the last quarter. Bison Wealth LLC grew its position in shares of Tesla by 28.6% in the third quarter. Bison Wealth LLC now owns 11,159 shares of the electric vehicle producer’s stock valued at $2,792,000 after purchasing an additional 2,480 shares during the last quarter. Rathbones Group PLC grew its position in shares of Tesla by 94.4% in the third quarter. Rathbones Group PLC now owns 120,696 shares of the electric vehicle producer’s stock valued at $30,201,000 after purchasing an additional 58,599 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its position in shares of Tesla by 18.1% in the third quarter. V Square Quantitative Management LLC now owns 19,898 shares of the electric vehicle producer’s stock valued at $4,979,000 after purchasing an additional 3,049 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Down 1.8 %

TSLA traded down $3.29 during trading hours on Thursday, reaching $181.57. 55,616,465 shares of the stock traded hands, compared to its average volume of 96,340,117. The firm’s fifty day simple moving average is $173.61 and its two-hundred day simple moving average is $194.17. The company has a market cap of $579.06 billion, a price-to-earnings ratio of 46.16, a PEG ratio of 4.58 and a beta of 2.32. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $299.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17.

Tesla (NASDAQ:TSLAGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $21.30 billion during the quarter, compared to analyst estimates of $22.15 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. As a group, analysts forecast that Tesla, Inc. will post 1.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The disclosure for this sale can be found here. Insiders sold a total of 104,855 shares of company stock valued at $19,285,643 in the last ninety days. Corporate insiders own 25.10% of the company’s stock.

Analyst Upgrades and Downgrades

TSLA has been the topic of several recent analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $230.00 price objective on shares of Tesla in a research note on Wednesday, June 12th. Wedbush reissued an “outperform” rating and set a $275.00 price objective on shares of Tesla in a research note on Friday, June 14th. Roth Mkm reissued a “neutral” rating and set a $85.00 price objective on shares of Tesla in a research note on Wednesday, April 24th. Guggenheim reissued a “sell” rating and set a $122.00 price objective on shares of Tesla in a research note on Tuesday, April 23rd. Finally, Bank of America raised shares of Tesla from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a research note on Wednesday, April 24th. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $183.62.

View Our Latest Analysis on Tesla

Tesla Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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