Tesla, Inc. $TSLA Shares Purchased by B.O.S.S. Retirement Advisors LLC

Key Points

• B.O.S.S. Retirement Advisors LLC increased its Tesla holdings by 12.6% in Q2, owning 10,319 shares valued at approximately $3.28 million.
• Institutional investors now control 66.20% of Tesla's stock, with significant increases from firms like Goldman Sachs and Kingstone Capital Partners.
• Tesla shares have a current average rating of "Hold" among analysts, with a consensus target price of $341.46 despite fluctuations in market performance.

B.O.S.S. Retirement Advisors LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 12.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,319 shares of the electric vehicle producer's stock after purchasing an additional 1,156 shares during the period. Tesla accounts for about 0.8% of B.O.S.S. Retirement Advisors LLC's holdings, making the stock its 28th biggest holding. B.O.S.S. Retirement Advisors LLC's holdings in Tesla were worth $3,278,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. Goldman Sachs Group Inc. increased its position in Tesla by 322.1% during the first quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock worth $6,891,201,000 after purchasing an additional 20,291,139 shares during the last quarter. Nuveen LLC acquired a new stake in Tesla during the first quarter worth about $3,247,619,000. Kingstone Capital Partners Texas LLC increased its position in shares of Tesla by 581,880.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer's stock valued at $2,044,683,000 after acquiring an additional 6,435,598 shares during the last quarter. Amundi increased its position in shares of Tesla by 29.4% during the first quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer's stock valued at $4,482,789,000 after acquiring an additional 3,814,610 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Tesla by 1.5% during the first quarter. Vanguard Group Inc. now owns 246,887,705 shares of the electric vehicle producer's stock valued at $63,983,418,000 after acquiring an additional 3,694,524 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Guggenheim reiterated a "sell" rating and set a $175.00 price target on shares of Tesla in a research report on Wednesday, July 23rd. William Blair reiterated a "market perform" rating on shares of Tesla in a research report on Friday, September 5th. CICC Research lifted their price target on shares of Tesla from $360.00 to $450.00 and gave the company an "outperform" rating in a research report on Thursday, September 18th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Tesla from $345.00 to $435.00 and gave the company a "buy" rating in a research report on Friday, September 26th. Finally, Robert W. Baird upgraded shares of Tesla from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $320.00 to $548.00 in a research report on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twelve have assigned a Hold rating and eight have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $341.46.

Tesla Stock Down 5.1%

Shares of Tesla stock opened at $436.00 on Friday. Tesla, Inc. has a 52-week low of $212.11 and a 52-week high of $488.54. The company has a 50 day moving average of $361.74 and a 200 day moving average of $319.98. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1.45 trillion, a P/E ratio of 252.02, a P/E/G ratio of 15.97 and a beta of 2.08.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $23.18 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The firm's revenue was down 11.8% compared to the same quarter last year. As a group, research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director James R. Murdoch sold 120,000 shares of Tesla stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total value of $42,034,800.00. Following the completion of the transaction, the director owned 697,031 shares in the company, valued at $244,162,988.99. The trade was a 14.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $292.89, for a total transaction of $1,171,560.00. Following the sale, the chief financial officer owned 5,924 shares of the company's stock, valued at $1,735,080.36. This represents a 40.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 208,606 shares of company stock worth $77,360,462 over the last 90 days. 19.90% of the stock is owned by insiders.

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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