OneAscent Family Office LLC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,498 shares of the electric vehicle producer's stock, valued at approximately $936,000. Tesla makes up 0.9% of OneAscent Family Office LLC's portfolio, making the stock its 26th biggest holding.
Several other large investors also recently bought and sold shares of the stock. 1ST Source Bank raised its holdings in shares of Tesla by 9.8% in the first quarter. 1ST Source Bank now owns 1,144 shares of the electric vehicle producer's stock valued at $296,000 after buying an additional 102 shares during the last quarter. Covenant Asset Management LLC increased its position in shares of Tesla by 75.7% in the first quarter. Covenant Asset Management LLC now owns 3,876 shares of the electric vehicle producer's stock valued at $1,005,000 after buying an additional 1,670 shares in the last quarter. Berkeley Capital Partners LLC raised its position in Tesla by 7.4% during the first quarter. Berkeley Capital Partners LLC now owns 2,843 shares of the electric vehicle producer's stock worth $737,000 after acquiring an additional 195 shares during the last quarter. Calton & Associates Inc. raised its holdings in shares of Tesla by 89.9% in the first quarter. Calton & Associates Inc. now owns 1,926 shares of the electric vehicle producer's stock worth $499,000 after acquiring an additional 912 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its holdings in Tesla by 4.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 176,034 shares of the electric vehicle producer's stock valued at $45,621,000 after purchasing an additional 7,085 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.
Analyst Ratings Changes
TSLA has been the topic of a number of recent analyst reports. Truist Financial set a $280.00 price target on shares of Tesla in a research note on Tuesday, April 22nd. Glj Research reaffirmed a "sell" rating and set a $19.05 price target (down previously from $24.86) on shares of Tesla in a research note on Monday, April 21st. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research report on Wednesday, April 23rd. Cfra Research lowered Tesla from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, Argus restated a "hold" rating on shares of Tesla in a research report on Monday, June 9th. Ten research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $300.19.
Check Out Our Latest Analysis on TSLA
Insiders Place Their Bets
In related news, SVP Xiaotong Zhu sold 15,000 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president owned 67,600 shares in the company, valued at $21,889,556. This represents a 18.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kimbal Musk sold 91,588 shares of Tesla stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total value of $32,732,635.32. Following the transaction, the director owned 1,463,220 shares of the company's stock, valued at $522,940,195.80. The trade was a 5.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 835,509 shares of company stock worth $279,420,485 in the last three months. Insiders own 20.70% of the company's stock.
Tesla Price Performance
TSLA opened at $329.65 on Friday. Tesla, Inc. has a twelve month low of $182.00 and a twelve month high of $488.54. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 181.13, a PEG ratio of 12.56 and a beta of 2.39. The firm has a 50-day moving average price of $326.27 and a 200-day moving average price of $316.70.
Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The company had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a net margin of 6.66% and a return on equity of 9.02%. During the same quarter in the previous year, the firm posted $0.45 EPS. Equities analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.
About Tesla
(
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.
Further Reading
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