Tesla, Inc. $TSLA Shares Acquired by ORG Wealth Partners LLC

Key Points

• ORG Wealth Partners LLC increased its ownership of Tesla, Inc. by 46.6%, acquiring an additional 2,234 shares during the second quarter, making it the firm's 19th largest position with shares valued at approximately $2.1 million.
• Brokerage firms have varied opinions on Tesla, with Guggenheim maintaining a "sell" rating at $175, while Robert W. Baird raised its rating to "outperform" with a price target of $548.
• Tesla's stock opened at $440.40 and has seen significant volatility, with a one-year low of $212.11 and high of $488.54, highlighting its fluctuating market performance.

ORG Wealth Partners LLC raised its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 46.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,029 shares of the electric vehicle producer's stock after buying an additional 2,234 shares during the quarter. Tesla accounts for about 0.6% of ORG Wealth Partners LLC's holdings, making the stock its 19th biggest position. ORG Wealth Partners LLC's holdings in Tesla were worth $2,115,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSLA. Means Investment CO. Inc. boosted its stake in Tesla by 37.7% in the first quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer's stock valued at $5,984,000 after buying an additional 6,323 shares in the last quarter. Focus Financial Network Inc. increased its stake in shares of Tesla by 3.1% in the 1st quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer's stock worth $5,823,000 after acquiring an additional 670 shares in the last quarter. Siren L.L.C. bought a new stake in shares of Tesla during the 1st quarter valued at about $2,332,000. Zuckerman Investment Group LLC grew its holdings in Tesla by 6.9% during the 1st quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer's stock valued at $3,304,000 after buying an additional 826 shares in the last quarter. Finally, Keystone Global Partners LLC purchased a new position in shares of Tesla during the first quarter worth approximately $594,000. Institutional investors own 66.20% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TSLA. Guggenheim restated a "sell" rating and issued a $175.00 price objective on shares of Tesla in a report on Wednesday, July 23rd. Robert W. Baird raised Tesla from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $320.00 to $548.00 in a research report on Friday, September 19th. Dbs Bank increased their price objective on shares of Tesla from $300.00 to $450.00 in a research note on Wednesday, September 17th. Argus restated a "hold" rating on shares of Tesla in a report on Monday, June 9th. Finally, Benchmark restated a "buy" rating and issued a $475.00 target price (up previously from $350.00) on shares of Tesla in a research report on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twelve have assigned a Hold rating and nine have given a Sell rating to the stock. According to MarketBeat, Tesla presently has a consensus rating of "Hold" and a consensus price target of $332.33.

Tesla Stock Up 4.0%

Shares of Tesla stock opened at $440.40 on Friday. Tesla, Inc. has a one year low of $212.11 and a one year high of $488.54. The stock's 50-day moving average is $352.05 and its 200 day moving average is $314.88. The firm has a market cap of $1.46 trillion, a price-to-earnings ratio of 254.57, a PEG ratio of 15.36 and a beta of 2.06. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55.

Tesla (NASDAQ:TSLA - Get Free Report) last released its 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). The company had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%.The company's revenue was down 11.8% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. Equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Transactions at Tesla

In other news, SVP Xiaotong Zhu sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the sale, the senior vice president directly owned 47,600 shares in the company, valued at approximately $17,314,500. This represents a 29.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James R. Murdoch sold 60,000 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $422.68, for a total value of $25,360,800.00. Following the completion of the sale, the director owned 637,031 shares of the company's stock, valued at $269,260,263.08. This trade represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 208,606 shares of company stock worth $77,360,462 over the last ninety days. 19.90% of the stock is currently owned by corporate insiders.

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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