Exencial Wealth Advisors LLC Has $4.43 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Key Points

• Exencial Wealth Advisors LLC increased its stake in Tesla by 17.1%, now holding 17,082 shares valued at approximately $4.43 million.
• Prominent hedge funds like Goldman Sachs and GAMMA Investing significantly boosted their positions in Tesla, with Goldman Sachs increasing its stake by 322.1%.
• Despite Tesla's stock trading up 0.7% to $322.27, the company reported a miss in EPS of $0.40 compared to the consensus estimate of $0.43 for the last quarter.

Exencial Wealth Advisors LLC grew its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 17.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 17,082 shares of the electric vehicle producer's stock after purchasing an additional 2,494 shares during the quarter. Exencial Wealth Advisors LLC's holdings in Tesla were worth $4,427,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Cherry Tree Wealth Management LLC grew its position in Tesla by 86.3% in the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock worth $25,000 after buying an additional 44 shares during the last quarter. First PREMIER Bank grew its holdings in shares of Tesla by 79.2% in 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 during the last quarter. Newton One Investments LLC raised its position in shares of Tesla by 250.0% during the first quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock worth $27,000 after purchasing an additional 75 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in shares of Tesla during the first quarter valued at $27,000. Finally, True Wealth Design LLC boosted its position in shares of Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 31 shares during the period. Institutional investors own 66.20% of the company's stock.

Tesla Price Performance

TSLA traded up $7.34 during midday trading on Friday, reaching $329.61. 90,979,625 shares of the company's stock were exchanged, compared to its average volume of 106,810,094. 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 business has a 50-day simple moving average of $319.07 and a two-hundred day simple moving average of $308.84. The firm has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 190.53, a price-to-earnings-growth ratio of 11.24 and a beta of 2.33. Tesla, Inc. has a one year low of $194.67 and a one year high of $488.54.

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

Insiders Place Their Bets

In related news, Director Ira Matthew Ehrenpreis sold 477,572 shares of Tesla stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total value of $170,636,475.60. Following the completion of the transaction, the director directly owned 855,394 shares of the company's stock, valued at $305,632,276.20. The trade was a 35.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kimbal Musk sold 91,588 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the sale, the director directly owned 1,463,220 shares in the company, valued at approximately $522,940,195.80. This represents a 5.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 602,724 shares of company stock valued at $214,176,831 over the last quarter. 20.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on TSLA shares. Argus restated a "hold" rating on shares of Tesla in a research report on Monday, June 9th. Baird R W cut Tesla from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 9th. Morgan Stanley reissued an "overweight" rating and issued a $410.00 price objective on shares of Tesla in a research note on Friday, June 6th. Robert W. Baird reaffirmed a "neutral" rating and set a $320.00 target price on shares of Tesla in a research note on Monday, June 9th. Finally, Raymond James Financial lowered shares of Tesla to an "outperform" rating in a research report on Tuesday, April 22nd. Ten equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $303.31.

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.