Kowal Investment Group LLC Has $735,000 Stake in Tesla, Inc. (NASDAQ:TSLA)

Kowal Investment Group LLC increased its position in Tesla, Inc. (NASDAQ:TSLA) by 20.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,183 shares of the electric vehicle producer’s stock after buying an additional 703 shares during the period. Kowal Investment Group LLC’s holdings in Tesla were worth $735,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TSLA. Ancora Advisors LLC lifted its position in Tesla by 3.2% during the 3rd quarter. Ancora Advisors LLC now owns 5,086 shares of the electric vehicle producer’s stock worth $1,273,000 after acquiring an additional 156 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Tesla by 113.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 4,303 shares of the electric vehicle producer’s stock worth $1,077,000 after acquiring an additional 2,291 shares during the last quarter. Gallagher Fiduciary Advisors LLC lifted its position in Tesla by 8.2% during the 3rd quarter. Gallagher Fiduciary Advisors LLC now owns 5,219 shares of the electric vehicle producer’s stock worth $1,306,000 after acquiring an additional 396 shares during the last quarter. Insigneo Advisory Services LLC lifted its position in Tesla by 7.0% during the 3rd quarter. Insigneo Advisory Services LLC now owns 34,552 shares of the electric vehicle producer’s stock worth $8,646,000 after acquiring an additional 2,253 shares during the last quarter. Finally, Financial Planning & Information Services Inc. lifted its position in Tesla by 168.3% during the 3rd quarter. Financial Planning & Information Services Inc. now owns 2,136 shares of the electric vehicle producer’s stock worth $534,000 after acquiring an additional 1,340 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the transaction, the senior vice president now owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the sale, the senior vice president now owns 65,155 shares in the company, valued at $11,350,652.55. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction that occurred 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 sale, the director now owns 15,000 shares in the company, valued at approximately $2,772,900. The disclosure for this sale can be found here. Insiders own 20.90% of the company’s stock.

Tesla Trading Up 7.7 %

Shares of NASDAQ:TSLA traded up $15.30 during midday trading on Monday, hitting $213.18. 102,064,125 shares of the stock traded hands, compared to its average volume of 95,384,766. The stock has a market capitalization of $679.87 billion, a PE ratio of 53.55, a P/E/G ratio of 4.91 and a beta of 2.31. The business’s 50 day moving average is $177.80 and its two-hundred day moving average is $191.38. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. Tesla, Inc. has a one year low of $138.80 and a one year high of $299.29.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $21.30 billion during the quarter, compared to the consensus estimate of $22.15 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. As a group, research analysts forecast that Tesla, Inc. will post 1.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TSLA shares. Sanford C. Bernstein reiterated an “underperform” rating and issued a $120.00 target price on shares of Tesla in a research note on Monday, June 10th. Truist Financial dropped their price objective on shares of Tesla from $176.00 to $162.00 and set a “hold” rating for the company in a report on Wednesday, April 24th. Royal Bank of Canada dropped their price objective on shares of Tesla from $293.00 to $227.00 and set an “outperform” rating for the company in a report on Thursday, June 20th. Wells Fargo & Company reissued an “underweight” rating and set a $120.00 price target on shares of Tesla in a research note on Monday. Finally, Barclays reduced their price objective on shares of Tesla from $225.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. Seven equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Tesla currently has an average rating of “Hold” and a consensus target price of $187.30.

Tesla Company 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.