TLW Wealth Management LLC Has $5.04 Million Stock Position in Tesla, Inc. $TSLA

Key Points

• TLW Wealth Management LLC recently increased its position in Tesla, Inc. by 3.8%, holding 15,864 shares, valued at approximately $5.04 million.
• Wall Street analysts have mixed views on Tesla, with estimates ranging from a $150 target by JPMorgan to a $548 price objective by Robert W. Baird, while many analysts maintain a Hold rating.
• Insider trading activity saw Tesla's SVP and CFO selling significant shares, with SVP Xiaotong Zhu selling 20,000 shares for $7.27 million, indicating a decrease in their respective ownership stakes.

TLW Wealth Management LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,864 shares of the electric vehicle producer's stock after acquiring an additional 584 shares during the quarter. Tesla comprises about 2.8% of TLW Wealth Management LLC's investment portfolio, making the stock its 14th largest position. TLW Wealth Management LLC's holdings in Tesla were worth $5,039,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSLA. First Merchants Corp lifted its holdings in Tesla by 1.3% in the second quarter. First Merchants Corp now owns 2,413 shares of the electric vehicle producer's stock valued at $767,000 after buying an additional 31 shares during the period. Alaska Wealth Advisors lifted its stake in shares of Tesla by 3.4% in the 2nd quarter. Alaska Wealth Advisors now owns 985 shares of the electric vehicle producer's stock valued at $313,000 after purchasing an additional 32 shares during the period. KWB Wealth boosted its position in shares of Tesla by 2.4% in the 2nd quarter. KWB Wealth now owns 1,381 shares of the electric vehicle producer's stock worth $439,000 after purchasing an additional 33 shares during the last quarter. Conrad Siegel Investment Advisors Inc. grew its stake in shares of Tesla by 3.6% during the second quarter. Conrad Siegel Investment Advisors Inc. now owns 976 shares of the electric vehicle producer's stock worth $310,000 after purchasing an additional 34 shares during the period. Finally, Guyasuta Investment Advisors Inc. increased its holdings in Tesla by 0.7% in the second quarter. Guyasuta Investment Advisors Inc. now owns 5,107 shares of the electric vehicle producer's stock valued at $1,622,000 after purchasing an additional 34 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 brokerages recently issued reports on TSLA. JPMorgan Chase & Co. boosted their price objective on shares of Tesla from $115.00 to $150.00 in a report on Friday, October 3rd. China Renaissance reissued a "hold" rating and issued a $349.00 price target on shares of Tesla in a report on Friday, July 25th. Robert W. Baird raised Tesla from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $320.00 to $548.00 in a research note on Friday, September 19th. BNP Paribas Exane assumed coverage on Tesla in a report on Thursday, October 16th. They set an "underperform" rating and a $307.00 target price on the stock. Finally, Benchmark restated a "buy" rating and issued a $475.00 price target (up from $350.00) on shares of Tesla in a report on Thursday, June 26th. Two research 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's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $363.54.

Insider Activity

In other Tesla news, SVP Xiaotong Zhu sold 20,000 shares of the firm'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 completion of the transaction, the senior vice president directly owned 47,600 shares in the company, valued at $17,314,500. This trade represents a 29.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the transaction, the chief financial officer directly owned 9,856 shares in the company, valued at $3,473,057.28. This trade represents a 20.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold 202,606 shares of company stock worth $75,588,902 in the last quarter. Corporate insiders own 19.90% of the company's stock.

Tesla Stock Up 1.8%

Shares of Tesla stock opened at $447.43 on Tuesday. The firm has a market cap of $1.49 trillion, a PE ratio of 258.63, a P/E/G ratio of 15.79 and a beta of 2.08. The business's 50 day simple moving average is $389.71 and its 200 day simple moving average is $335.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. Tesla, Inc. has a 52-week low of $212.11 and a 52-week high of $488.54.

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

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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