749 Shares in Tesla, Inc. $TSLA Purchased by SWP Financial LLC

Key Points

• SWP Financial LLC has purchased 749 shares of Tesla, Inc. for approximately $238,000, marking a new stake in the electric vehicle producer.
• Insider transactions revealed that Director James R. Murdoch sold 120,000 shares of Tesla stock for about $42 million, indicating a significant decrease in his ownership.
• Tesla's stock is currently trading at approximately $436, with a market cap of $1.45 trillion and a reported net margin of 6.54% for the last quarter.

SWP Financial LLC bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 749 shares of the electric vehicle producer's stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also made changes to their positions in TSLA. Brighton Jones LLC boosted its holdings in Tesla by 11.8% in the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock valued at $35,509,000 after acquiring an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in Tesla by 21.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock worth $2,147,000 after buying an additional 931 shares during the period. Bison Wealth LLC increased its position in shares of Tesla by 52.2% in the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer's stock worth $4,187,000 after acquiring an additional 3,558 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Tesla by 3.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 4,605 shares of the electric vehicle producer's stock valued at $1,193,000 after acquiring an additional 165 shares during the period. Finally, Apella Capital LLC lifted its holdings in shares of Tesla by 17.6% during the 1st quarter. Apella Capital LLC now owns 4,399 shares of the electric vehicle producer's stock valued at $1,197,000 after acquiring an additional 658 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tesla

In other Tesla news, Director James R. Murdoch sold 120,000 shares of Tesla stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the transaction, the director owned 697,031 shares of the company's stock, valued at $244,162,988.99. The trade was a 14.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $292.89, for a total transaction of $1,171,560.00. Following the completion of the sale, the chief financial officer directly owned 5,924 shares of the company's stock, valued at approximately $1,735,080.36. This trade represents a 40.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 208,606 shares of company stock worth $77,360,462 in the last 90 days. 19.90% of the stock is currently owned by insiders.

Tesla Stock Performance

TSLA stock opened at $436.00 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. Tesla, Inc. has a 1 year low of $212.11 and a 1 year high of $488.54. The company has a market cap of $1.45 trillion, a P/E ratio of 252.02, a price-to-earnings-growth ratio of 15.97 and a beta of 2.08. The stock's fifty day moving average price is $361.74 and its 200-day moving average price is $319.98.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). Tesla had a net margin of 6.54% and a return on equity of 7.98%. The firm had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $23.18 billion. The company's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 earnings per share. On average, equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TSLA shares. Piper Sandler increased their target price on Tesla from $400.00 to $500.00 and gave the company an "overweight" rating in a research note on Monday, September 22nd. Dbs Bank increased their price objective on shares of Tesla from $300.00 to $450.00 in a research report on Wednesday, September 17th. UBS Group reiterated a "sell" rating and issued a $215.00 price objective on shares of Tesla in a report on Thursday. Stifel Nicolaus set a $440.00 target price on Tesla in a research report on Friday, September 5th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $410.00 price target on shares of Tesla in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twelve have assigned a Hold rating and eight have assigned a Sell rating to the company. According to data from MarketBeat, Tesla currently has an average rating of "Hold" and an average target price of $341.46.

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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