Tesla, Inc. $TSLA Shares Purchased by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 26.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,725 shares of the electric vehicle producer's stock after purchasing an additional 7,139 shares during the quarter. Sagespring Wealth Partners LLC's holdings in Tesla were worth $10,713,000 at the end of the most recent quarter.Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic?Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cherry Tree Wealth Management LLC boosted its position in shares of Tesla by 86.3% during the 1st quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock worth $25,000 after acquiring an additional 44 shares in the last quarter. First PREMIER Bank boosted its position in shares of Tesla by 79.2% during the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock worth $25,000 after acquiring an additional 42 shares in the last quarter. Newton One Investments LLC boosted its position in shares of Tesla by 250.0% during the 1st quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Tesla during the 1st quarter worth about $27,000. Finally, Chelsea Counsel Co. boosted its position in shares of Tesla by 59.7% during the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock worth $28,000 after acquiring an additional 40 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds. Wall Street Analyst Weigh InSeveral research firms have recently issued reports on TSLA. Deutsche Bank Aktiengesellschaft upped their price objective on Tesla from $345.00 to $435.00 and gave the stock a "buy" rating in a research report on Friday, September 26th. CICC Research upped their price objective on Tesla from $360.00 to $450.00 and gave the stock an "outperform" rating in a research report on Thursday, September 18th. Guggenheim reaffirmed a "sell" rating and set a $175.00 price objective on shares of Tesla in a research report on Wednesday, July 23rd. UBS Group set a $247.00 price objective on Tesla in a research report on Monday, October 6th. Finally, Melius started coverage on Tesla in a research report on Monday. They issued a "buy" rating and a $520.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have issued a Hold rating and eight have given a Sell rating to the company. According to data from MarketBeat, Tesla has a consensus rating of "Hold" and a consensus target price of $363.03.Lithium Americas: Why This 31% Rally Is More Than Just a HeadlineRead Our Latest Report on TeslaInsider Buying and Selling at TeslaIn other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the sale, the chief financial officer directly owned 9,856 shares of the company's stock, valued at $3,473,057.28. This represents a 20.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the sale, the senior vice president directly owned 47,600 shares of the company's stock, valued at approximately $17,314,500. This represents a 29.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 202,606 shares of company stock valued at $75,588,902 in the last ninety days. Insiders own 19.90% of the company's stock. Tesla Stock Up 1.4%MarketBeat Week in Review – 09/29 - 10/03TSLA opened at $435.15 on Thursday. The business has a 50 day moving average price of $383.21 and a two-hundred day moving average price of $330.90. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.45 trillion, a PE ratio of 251.53, a P/E/G ratio of 15.47 and a beta of 2.08. Tesla, Inc. has a 52 week low of $212.11 and a 52 week high of $488.54. Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). The company 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%. The firm's revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 earnings per share. As a group, research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year. Tesla Company 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.Recommended StoriesFive stocks we like better than Tesla3 Fintech Stocks With Good 2021 ProspectsPalantir’s New Healthcare Deal Boosts AI and Data Reach What is a Secondary Public Offering? What Investors Need to KnowGM's Billion-Dollar Bruise: GM's Strategic Pivot Makes It a BuyHow to Invest in Blue Chip StocksNovo Nordisk’s Akero Therapeutics Buy Targets Eli Lilly’s LeadWant to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Tesla Right Now?Before you consider Tesla, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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