Traveka Wealth LLC Buys 655 Shares of Tesla, Inc. $TSLA

Key Points

• Traveka Wealth LLC increased its stake in Tesla, Inc. by 25.1% during the second quarter, holding a total of 3,267 shares valued at approximately $1,038,000.
• Tesla reported $22.50 billion in revenue for its recent quarter, which was below analyst estimates, leading to a 11.8% year-over-year decline.
• Insiders at Tesla have sold a total of 208,606 shares worth approximately $77.36 million in the last 90 days, indicating significant insider transactions.

Traveka Wealth LLC lifted its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 25.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,267 shares of the electric vehicle producer's stock after acquiring an additional 655 shares during the period. Traveka Wealth LLC's holdings in Tesla were worth $1,038,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC increased its position in Tesla by 11.8% in the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after buying an additional 9,293 shares during the period. Revolve Wealth Partners LLC increased its position in Tesla by 21.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock worth $2,147,000 after buying an additional 931 shares during the period. Bison Wealth LLC increased its position in Tesla by 52.2% in the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer's stock worth $4,187,000 after buying an additional 3,558 shares during the period. Park National Corp OH increased its position in Tesla by 5.7% in the 1st quarter. Park National Corp OH now owns 2,086 shares of the electric vehicle producer's stock worth $541,000 after buying an additional 113 shares during the period. Finally, Hiley Hunt Wealth Management bought a new position in Tesla in the 1st quarter worth approximately $243,000. 66.20% of the stock is owned by institutional investors.

Tesla Price Performance

Shares of TSLA stock opened at $440.40 on Friday. The stock's fifty day simple moving average is $352.05 and its 200 day simple moving average is $314.42. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. The firm has a market cap of $1.46 trillion, a price-to-earnings ratio of 254.57, a P/E/G ratio of 14.77 and a beta of 2.06. Tesla, Inc. has a one year low of $212.11 and a one year high of $488.54.

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

Insider Activity at Tesla

In related news, SVP Xiaotong Zhu sold 20,000 shares of the business's stock in a transaction 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 owned 47,600 shares of the company's stock, valued at $17,314,500. The trade was a 29.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $918,302.28. Following the completion of the sale, the chief financial officer directly owned 9,856 shares in the company, valued at approximately $3,473,057.28. This represents a 20.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 208,606 shares of company stock valued at $77,360,462 in the last 90 days. 19.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on TSLA shares. Glj Research reaffirmed a "sell" rating on shares of Tesla in a research report on Thursday, July 24th. Wedbush lifted their price target on Tesla from $500.00 to $600.00 and gave the stock an "outperform" rating in a research report on Friday. Dbs Bank lifted their price objective on Tesla from $300.00 to $450.00 in a report on Wednesday, September 17th. Stifel Nicolaus set a $440.00 price objective on Tesla in a report on Friday, September 5th. Finally, Argus reissued a "hold" rating on shares of Tesla in a report on Monday, June 9th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twelve have given a Hold rating and nine have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $332.33.

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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