Kercheville Advisors LLC Has $5.84 Million Stock Position in Tesla, Inc. $TSLA

Key Points

• Kercheville Advisors LLC increased its holdings in Tesla, Inc. by 75.4%, owning 18,397 shares valued at approximately $5.84 million, marking it as the 20th largest position in their portfolio.
• Insiders have been selling Tesla shares, with SVP Xiaotong Zhu and CFO Vaibhav Taneja selling significant amounts, leading to a total of 202,606 shares sold valued at over $75 million in the last ninety days.
• Several analysts have raised their price targets for Tesla, with Piper Sandler increasing it from $400 to $500, while the average rating from analysts remains at "Hold."

Kercheville Advisors LLC raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 75.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,397 shares of the electric vehicle producer's stock after acquiring an additional 7,910 shares during the quarter. Tesla makes up approximately 2.0% of Kercheville Advisors LLC's holdings, making the stock its 20th biggest position. Kercheville Advisors LLC's holdings in Tesla were worth $5,844,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Global Strategic Investment Solutions LLC boosted its holdings in Tesla by 79.6% during the second quarter. Global Strategic Investment Solutions LLC now owns 2,162 shares of the electric vehicle producer's stock worth $687,000 after purchasing an additional 958 shares during the last quarter. Innovative Wealth Building LLC acquired a new position in shares of Tesla during the 2nd quarter worth about $234,000. Measured Risk Portfolios Inc. grew its holdings in shares of Tesla by 15.1% in the 2nd quarter. Measured Risk Portfolios Inc. now owns 1,651 shares of the electric vehicle producer's stock valued at $524,000 after acquiring an additional 217 shares in the last quarter. Beacon Financial Advisory LLC increased its position in shares of Tesla by 21.8% in the second quarter. Beacon Financial Advisory LLC now owns 9,137 shares of the electric vehicle producer's stock valued at $2,902,000 after acquiring an additional 1,635 shares during the last quarter. Finally, Gemmer Asset Management LLC raised its holdings in Tesla by 4.1% during the second quarter. Gemmer Asset Management LLC now owns 4,418 shares of the electric vehicle producer's stock worth $1,403,000 after acquiring an additional 175 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the transaction, the senior vice president owned 47,600 shares in the company, valued at $17,314,500. This trade represents a 29.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following 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 disclosure for this sale can be found here. Insiders have sold a total of 202,606 shares of company stock valued at $75,588,902 in the last ninety days. 19.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Piper Sandler boosted their price target on Tesla from $400.00 to $500.00 and gave the stock an "overweight" rating in a research report on Monday, September 22nd. Royal Bank Of Canada restated a "buy" rating on shares of Tesla in a report on Friday, September 26th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Tesla from $345.00 to $435.00 and gave the company a "buy" rating in a research note on Friday, September 26th. Baird R W upgraded shares of Tesla from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 19th. Finally, Daiwa Capital Markets reiterated a "neutral" rating on shares of Tesla in a research note on Sunday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, thirteen have given a Hold rating and eight have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Tesla presently has an average rating of "Hold" and an average price target of $344.40.

Tesla Stock Up 5.4%

Shares of TSLA opened at $453.25 on Tuesday. The firm has a market cap of $1.51 trillion, a P/E ratio of 261.99, a price-to-earnings-growth ratio of 14.93 and a beta of 2.08. 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, Inc. has a 52 week low of $212.11 and a 52 week high of $488.54. The firm's 50-day simple moving average is $366.57 and its 200 day simple moving average is $324.02.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data 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 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 the consensus estimate of $23.18 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The company's revenue was down 11.8% on a year-over-year basis. On average, analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

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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