Tesla, Inc. $TSLA Shares Purchased by FSM Wealth Advisors LLC

Key Points

• FSM Wealth Advisors LLC increased its holdings in Tesla, Inc. by 87.7% in Q2, acquiring a total of 9,073 shares valued at approximately $2.67 million.
• Insider transactions revealed that CFO Vaibhav Taneja sold 2,606 shares, and Director James R. Murdoch sold 120,000 shares, reducing their ownership by 20.91% and 14.69% respectively.
• Tesla shares recently opened at $420.11 and have a market cap of $1.40 trillion, with analysts projecting an average price target of $375.50 for the stock.

FSM Wealth Advisors LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 87.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,073 shares of the electric vehicle producer's stock after purchasing an additional 4,238 shares during the period. FSM Wealth Advisors LLC's holdings in Tesla were worth $2,667,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TSLA. Vanguard Group Inc. raised its position in Tesla by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 246,887,705 shares of the electric vehicle producer's stock worth $63,983,418,000 after buying an additional 3,694,524 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Tesla by 322.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock valued at $6,891,201,000 after acquiring an additional 20,291,139 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Tesla by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 18,174,941 shares of the electric vehicle producer's stock valued at $4,710,218,000 after acquiring an additional 849,091 shares in the last quarter. Amundi increased its holdings in Tesla by 29.4% during the 1st 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 in the last quarter. Finally, Invesco Ltd. increased its holdings in Tesla by 17.6% during the 1st quarter. Invesco Ltd. now owns 14,786,414 shares of the electric vehicle producer's stock valued at $3,832,047,000 after acquiring an additional 2,211,300 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the transaction, the chief financial officer directly owned 9,856 shares of the company's stock, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James R. Murdoch sold 120,000 shares of the business's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the transaction, the director directly owned 697,031 shares in the company, valued at approximately $244,162,988.99. The trade was a 14.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 202,606 shares of company stock valued at $75,588,902. Corporate insiders own 19.90% of the company's stock.

Tesla Trading Down 4.3%

Shares of TSLA stock opened at $420.11 on Thursday. The stock has a market cap of $1.40 trillion, a price-to-earnings ratio of 243.56, a price-to-earnings-growth ratio of 15.91 and a beta of 2.08. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $488.54. The firm's 50 day moving average price is $393.73 and its two-hundred day moving average price is $336.97.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The firm had revenue of $28.10 billion for the quarter, compared to analysts' expectations of $24.98 billion. During the same period in the previous year, the company posted $0.72 earnings per share. Tesla's revenue was up 11.6% compared to the same quarter last year. On average, analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Canaccord Genuity Group dropped their target price on shares of Tesla from $490.00 to $482.00 and set a "buy" rating for the company in a report on Thursday. Piper Sandler lifted their price target on shares of Tesla from $400.00 to $500.00 and gave the stock an "overweight" rating in a report on Monday, September 22nd. Wedbush reiterated an "outperform" rating and set a $600.00 price target on shares of Tesla in a report on Monday. Barclays reiterated a "negative" rating and set a $350.00 price target (up from $275.00) on shares of Tesla in a report on Thursday, October 16th. Finally, Robert W. Baird upgraded shares of 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 report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and ten have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $375.50.

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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