Werba Rubin Papier Wealth Management Has $1.90 Million Stake in Tesla, Inc. $TSLA

Key Points

• Werba Rubin Papier Wealth Management has increased its stake in Tesla, Inc. by 15%, owning 5,969 shares worth approximately $1.90 million after acquiring additional shares during the second quarter.
• Tesla reported quarterly earnings of $0.40 per share, missing the consensus estimate of $0.43, with revenue of $22.50 billion, down 11.8% compared to the same quarter last year.
• Analysts have set varied price targets for Tesla, with predictions ranging from a low of $175 to a high of $548, reflecting a mix of ratings including "buy," "hold," and "sell."

Werba Rubin Papier Wealth Management lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 15.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,969 shares of the electric vehicle producer's stock after acquiring an additional 778 shares during the period. Werba Rubin Papier Wealth Management's holdings in Tesla were worth $1,896,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TSLA. Cherry Tree Wealth Management LLC raised its holdings in Tesla by 86.3% during the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock worth $25,000 after buying an additional 44 shares during the last quarter. First PREMIER Bank raised its holdings in Tesla by 79.2% during the first quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock worth $25,000 after buying an additional 42 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in Tesla during the first quarter worth $27,000. Chelsea Counsel Co. raised its holdings in Tesla by 59.7% during the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock worth $28,000 after buying an additional 40 shares during the last quarter. Finally, Centennial Bank AR raised its holdings in 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 last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Price Performance

TSLA opened at $428.75 on Friday. The firm has a market cap of $1.43 trillion, a P/E ratio of 247.83, a PEG ratio of 15.64 and a beta of 2.08. The firm has a 50-day moving average of $385.34 and a 200 day moving average of $332.07. 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 fifty-two week low of $212.11 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). The company had revenue of $22.50 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $0.52 EPS. On average, research analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on TSLA shares. China Renaissance restated a "hold" rating and set a $349.00 price objective on shares of Tesla in a report on Friday, July 25th. Industrial Alliance Securities set a $300.00 target price on shares of Tesla in a research note on Monday. Guggenheim reiterated a "sell" rating and issued a $175.00 target price on shares of Tesla in a research note on Wednesday, July 23rd. The Goldman Sachs Group upped their target price on shares of Tesla from $395.00 to $425.00 and gave the stock a "neutral" rating in a research note on Friday, October 3rd. Finally, Robert W. Baird upgraded shares of Tesla from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $320.00 to $548.00 in a research note on Friday, September 19th. 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $363.54.

Insiders Place Their Bets

In other Tesla news, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the transaction, the senior vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James R. Murdoch sold 120,000 shares of the stock in a transaction dated 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 owned 697,031 shares of the company's stock, valued at $244,162,988.99. This represents a 14.69% 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 over the last quarter. 19.90% of the stock is currently owned by company 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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