Integrated Wealth Concepts LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 5.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,511 shares of the electric vehicle producer's stock after buying an additional 5,930 shares during the period. Integrated Wealth Concepts LLC's holdings in Tesla were worth $28,122,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Acorn Wealth Advisors LLC grew its position in shares of Tesla by 1.9% in the first quarter. Acorn Wealth Advisors LLC now owns 1,901 shares of the electric vehicle producer's stock valued at $493,000 after purchasing an additional 36 shares in the last quarter. Solutions 4 Wealth Ltd grew its holdings in Tesla by 2.0% in the 1st quarter. Solutions 4 Wealth Ltd now owns 1,815 shares of the electric vehicle producer's stock valued at $470,000 after buying an additional 36 shares in the last quarter. Capital Management Associates Inc grew its holdings in Tesla by 3.4% in the 1st quarter. Capital Management Associates Inc now owns 1,166 shares of the electric vehicle producer's stock valued at $302,000 after buying an additional 38 shares in the last quarter. Graney & King LLC grew its stake in shares of Tesla by 18.4% in the 1st quarter. Graney & King LLC now owns 245 shares of the electric vehicle producer's stock valued at $63,000 after buying an additional 38 shares during the period. Finally, Mraz Amerine & Associates Inc. increased its holdings in shares of Tesla by 3.8% during the 1st quarter. Mraz Amerine & Associates Inc. now owns 1,054 shares of the electric vehicle producer's stock worth $278,000 after buying an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently commented on TSLA shares. Guggenheim reiterated a "sell" rating and issued a $175.00 price objective on shares of Tesla in a report on Wednesday, July 23rd. Daiwa Capital Markets restated a "neutral" rating on shares of Tesla in a report on Sunday, July 27th. UBS Group set a $290.00 target price on shares of Tesla in a research note on Monday, June 30th. Bank of America upped their price objective on shares of Tesla from $305.00 to $341.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Finally, Argus reiterated a "hold" rating on shares of Tesla in a report on Monday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, fourteen have given a Hold rating and nine have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $303.31.
Read Our Latest Analysis on TSLA
Insider Buying and Selling
In related news, SVP Xiaotong Zhu sold 15,000 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $323.81, for a total value of $4,857,150.00. Following the transaction, the senior vice president owned 67,600 shares of the company's stock, valued at $21,889,556. This represents a 18.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $292.89, for a total value of $1,171,560.00. Following the completion of the sale, the chief financial officer owned 5,924 shares in the company, valued at approximately $1,735,080.36. This represents a 40.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,564 shares of company stock worth $49,396,070. Corporate insiders own 20.70% of the company's stock.
Tesla Stock Up 1.3%
TSLA stock opened at $338.53 on Friday. The company's 50 day moving average price is $323.45 and its 200 day moving average price is $302.67. The firm has a market capitalization of $1.09 trillion, a price-to-earnings ratio of 195.68, a PEG ratio of 11.66 and a beta of 2.06. Tesla, Inc. has a fifty-two week low of $210.51 and a fifty-two week high of $488.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04.
Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results 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). Tesla had a return on equity of 7.98% and a net margin of 6.54%.The firm had revenue of $22.50 billion for the quarter, compared to analyst estimates of $23.18 billion. During the same quarter last year, the firm earned $0.52 EPS. The company's revenue was down 11.8% on a year-over-year basis. On average, equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal 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.
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