Tesla, Inc. $TSLA Shares Sold by Allium Financial Advisors LLC

Allium Financial Advisors LLC decreased its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 51.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,864 shares of the electric vehicle producer's stock after selling 2,991 shares during the quarter. Tesla accounts for about 0.7% of Allium Financial Advisors LLC's holdings, making the stock its 24th biggest holding. Allium Financial Advisors LLC's holdings in Tesla were worth $910,000 at the end of the most recent reporting period.

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Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSLA. Chelsea Counsel Co. increased its holdings in Tesla by 59.7% in the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock valued at $28,000 after buying an additional 40 shares during the last quarter. LGT Financial Advisors LLC acquired a new position in shares of Tesla during the 2nd quarter worth about $29,000. Evergreen Private Wealth LLC increased its holdings in shares of Tesla by 270.0% in the 2nd quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer's stock valued at $35,000 after acquiring an additional 81 shares during the last quarter. Glynn Capital Management LLC acquired a new stake in shares of Tesla during the 2nd quarter worth about $35,000. Finally, LSV Asset Management lifted its stake in Tesla by 400.0% during the second quarter. LSV Asset Management now owns 120 shares of the electric vehicle producer's stock worth $38,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Up 1.7%

Tesla stock opened at $454.53 on Friday. The stock has a 50 day moving average of $434.64 and a two-hundred day moving average of $371.63. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $488.54. The stock has a market capitalization of $1.51 trillion, a price-to-earnings ratio of 303.02, a PEG ratio of 15.09 and a beta of 1.87. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07.

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Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business had revenue of $28.10 billion during the quarter, compared to analysts' expectations of $24.98 billion. During the same quarter in the prior year, the business earned $0.72 earnings per share. The company's quarterly revenue was up 11.6% compared to the same quarter last year. As a group, research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Robert W. Baird upgraded shares of Tesla from a "neutral" rating to an "outperform" rating and increased their price target for the company from $320.00 to $548.00 in a research note on Friday, September 19th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $500.00 target price on shares of Tesla in a research report on Thursday, October 23rd. DZ Bank reissued a "sell" rating on shares of Tesla in a research report on Thursday, October 23rd. Stifel Nicolaus raised their price objective on Tesla from $483.00 to $508.00 and gave the stock a "buy" rating in a report on Monday, November 17th. Finally, Melius Research set a $520.00 target price on Tesla and gave the company a "buy" rating in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have assigned a Hold rating and nine have given a Sell rating to the company's stock. Based on data from MarketBeat, Tesla presently has a consensus rating of "Hold" and a consensus price target of $398.92.

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Read Our Latest Stock Analysis on Tesla

Insiders Place Their Bets

In other news, SVP Xiaotong Zhu sold 20,000 shares of the firm's stock in a transaction 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 completion of the sale, the senior vice president owned 47,600 shares in the company, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the transaction, the director owned 637,031 shares in the company, valued at approximately $269,260,263.08. This trade represents a 8.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 82,606 shares of company stock worth $33,554,102. 19.90% of the stock is owned by insiders.

Tesla 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.

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