Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 81.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,190 shares of the electric vehicle producer's stock after acquiring an additional 13,968 shares during the quarter. Larson Financial Group LLC's holdings in Tesla were worth $8,083,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TSLA. Grange Capital LLC grew its stake in shares of Tesla by 14.7% in the 1st quarter. Grange Capital LLC now owns 1,784 shares of the electric vehicle producer's stock valued at $462,000 after buying an additional 229 shares during the period. PAX Financial Group LLC boosted its stake in Tesla by 5.3% during the first quarter. PAX Financial Group LLC now owns 5,606 shares of the electric vehicle producer's stock worth $1,453,000 after buying an additional 281 shares during the period. Wealthfront Advisers LLC boosted its stake in Tesla by 23.1% during the first quarter. Wealthfront Advisers LLC now owns 359,448 shares of the electric vehicle producer's stock worth $93,154,000 after buying an additional 67,506 shares during the period. Landaas & Co. WI ADV boosted its stake in Tesla by 61.9% during the first quarter. Landaas & Co. WI ADV now owns 6,286 shares of the electric vehicle producer's stock worth $1,629,000 after buying an additional 2,403 shares during the period. Finally, Schwarz Dygos Wheeler Investment Advisors LLC boosted its stake in Tesla by 81.6% during the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 1,175 shares of the electric vehicle producer's stock worth $305,000 after buying an additional 528 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Trading Up 1.1%

Shares of Tesla stock opened at $316.90 on Tuesday. Tesla, Inc. has a 1 year low of $182.00 and a 1 year high of $488.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00. The company has a market capitalization of $1.02 trillion, a P/E ratio of 174.12, a PEG ratio of 9.33 and a beta of 2.39. The company's fifty day moving average is $323.33 and its two-hundred day moving average is $318.52.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 9.02% and a net margin of 6.66%. The firm had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same quarter last year, the business posted $0.45 EPS. Analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,000 shares of the firm's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the sale, the chief financial officer owned 5,924 shares in the company, valued at approximately $1,777,200. This trade represents a 25.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the completion of the sale, the director owned 855,394 shares of the company's stock, valued at $305,632,276.20. This trade represents a 35.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 835,509 shares of company stock worth $279,420,485 over the last quarter. Insiders own 20.70% of the company's stock.

Wall Street Analysts Forecast Growth

TSLA has been the subject of several research analyst reports. Baird R W lowered shares of Tesla from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 9th. The Goldman Sachs Group lowered their price objective on shares of Tesla from $315.00 to $285.00 and set a "neutral" rating for the company in a research note on Friday. William Blair lowered shares of Tesla from an "outperform" rating to a "market perform" rating in a research note on Monday, July 7th. Roth Mkm lowered their price objective on shares of Tesla from $450.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, Truist Financial set a $280.00 price objective on shares of Tesla in a research note on Tuesday, April 22nd. Ten investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $300.19.

Tesla Company 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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