Frisch Financial Group Inc. Has $542,000 Holdings in Tesla, Inc. (NASDAQ:TSLA)

Frisch Financial Group Inc. boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 9.4% in the second quarter, Holdings Channel.com reports. The firm owned 2,741 shares of the electric vehicle producer’s stock after acquiring an additional 236 shares during the period. Frisch Financial Group Inc.’s holdings in Tesla were worth $542,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TSLA. Bank & Trust Co bought a new position in Tesla during the 2nd quarter worth about $25,000. Valley Wealth Managers Inc. bought a new position in Tesla during the 2nd quarter worth about $26,000. OLD Point Trust & Financial Services N A bought a new position in Tesla during the 4th quarter worth about $37,000. Kessler Investment Group LLC increased its holdings in Tesla by 35.9% during the 2nd quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle producer’s stock worth $38,000 after purchasing an additional 51 shares in the last quarter. Finally, Aspect Partners LLC increased its holdings in Tesla by 121.3% during the 2nd quarter. Aspect Partners LLC now owns 208 shares of the electric vehicle producer’s stock worth $41,000 after purchasing an additional 114 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on TSLA. Stifel Nicolaus initiated coverage on Tesla in a report on Tuesday, June 25th. They set a “buy” rating and a $265.00 target price for the company. Cantor Fitzgerald restated a “neutral” rating and issued a $245.00 price objective on shares of Tesla in a report on Monday. Piper Sandler restated an “overweight” rating and issued a $300.00 price objective on shares of Tesla in a report on Monday, August 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $295.00 price objective on shares of Tesla in a report on Tuesday, September 10th. Finally, Barclays decreased their price objective on Tesla from $225.00 to $220.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. Nine analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $209.60.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the transaction, the director now directly owns 85,000 shares in the company, valued at $18,696,600. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the transaction, the director now directly owns 85,000 shares in the company, valued at $18,696,600. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the sale, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. The disclosure for this sale can be found here. Company insiders own 25.10% of the company’s stock.

Tesla Stock Down 1.5 %

NASDAQ TSLA opened at $226.78 on Tuesday. The company has a current ratio of 1.91, a quick ratio of 1.40 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $273.93. The company has a 50 day moving average of $222.85 and a 200-day moving average of $194.75. The company has a market cap of $723.25 billion, a price-to-earnings ratio of 57.85, a PEG ratio of 6.08 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The business had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. During the same quarter in the previous year, the firm posted $0.78 earnings per share. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities research analysts expect that Tesla, Inc. will post 1.75 earnings per share for the current fiscal year.

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.