Tesla, Inc. $TSLA Stake Boosted by Quotient Wealth Partners LLC

Key Points

• Quotient Wealth Partners LLC increased its stake in Tesla by 24.9%, owning 13,469 shares valued at approximately $4.27 million after adding 2,684 shares in the second quarter.
• Despite recent insider sales totaling $75.6 million, with notable sales from SVP Xiaotong Zhu and CFO Vaibhav Taneja, insiders still hold 19.90% of the company stock.
• Tesla's stock recently saw a 2.5% increase, with its market cap at $1.46 trillion and a P/E ratio of 253.94, while its quarterly revenue decreased 11.8% year-over-year.

Quotient Wealth Partners LLC increased its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 24.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,469 shares of the electric vehicle producer's stock after purchasing an additional 2,684 shares during the period. Quotient Wealth Partners LLC's holdings in Tesla were worth $4,279,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. First PREMIER Bank increased its holdings in shares of Tesla by 79.2% in the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock worth $25,000 after acquiring an additional 42 shares during the period. Arcadia Investment Management Corp MI bought a new position in Tesla in the 1st quarter worth about $27,000. Chelsea Counsel Co. increased its stake in shares of Tesla by 59.7% in the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 40 shares during the period. Evergreen Private Wealth LLC raised its holdings in shares of Tesla by 270.0% during the second quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer's stock valued at $35,000 after buying an additional 81 shares during the last quarter. Finally, Centennial Bank AR boosted its position in shares of Tesla by 833.3% during the first quarter. Centennial Bank AR now owns 112 shares of the electric vehicle producer's stock worth $29,000 after buying an additional 100 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Insider Transactions at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 20,000 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the sale, the senior vice president owned 47,600 shares in the company, valued at approximately $17,314,500. The trade was a 29.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the transaction, the chief financial officer 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 disclosure for this sale can be found here. Insiders have sold 202,606 shares of company stock valued at $75,588,902 over the last three months. Company insiders own 19.90% of the company's stock.

Tesla Stock Up 2.5%

NASDAQ TSLA opened at $439.31 on Friday. Tesla, Inc. has a 12 month low of $212.11 and a 12 month high of $488.54. The company has a market capitalization of $1.46 trillion, a P/E ratio of 253.94, a PEG ratio of 15.79 and a beta of 2.08. The company's 50 day simple moving average is $387.54 and its 200 day simple moving average is $333.60. 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 issued its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The business had revenue of $22.50 billion for 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 quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 earnings per share. Equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. William Blair reaffirmed a "market perform" rating on shares of Tesla in a research note on Friday, September 5th. Melius began coverage on shares of Tesla in a report on Monday, October 13th. They issued a "buy" rating and a $520.00 price objective for the company. UBS Group set a $247.00 target price on shares of Tesla in a research report on Monday, October 6th. Weiss Ratings restated a "hold (c)" rating on shares of Tesla in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Tesla from $345.00 to $435.00 and gave the company a "buy" rating in a report on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have issued a Hold rating and ten have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $363.54.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.