Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Shariaportfolio Inc.

Shariaportfolio Inc. raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 11.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 106,381 shares of the electric vehicle producer’s stock after purchasing an additional 11,318 shares during the period. Tesla accounts for approximately 11.4% of Shariaportfolio Inc.’s holdings, making the stock its 3rd biggest holding. Shariaportfolio Inc.’s holdings in Tesla were worth $21,051,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bank & Trust Co acquired a new stake in Tesla during the second quarter valued at approximately $25,000. Valley Wealth Managers Inc. bought a new position in Tesla during the second quarter worth $26,000. OLD Point Trust & Financial Services N A bought a new stake in Tesla during the fourth quarter valued at $37,000. Guardian Wealth Management Inc. acquired a new stake in shares of Tesla during the fourth quarter worth $47,000. Finally, Kessler Investment Group LLC lifted its position in shares of Tesla by 35.9% in the 2nd quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle producer’s stock worth $38,000 after buying an additional 51 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TSLA shares. TD Cowen upped their target price on Tesla from $160.00 to $180.00 and gave the company a “hold” rating in a report on Wednesday, July 3rd. New Street Research lowered shares of Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price target for the company. in a research report on Wednesday, July 24th. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research report on Wednesday, July 24th. Mizuho upped their target price on shares of Tesla from $180.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Finally, Wolfe Research assumed coverage on Tesla in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Nine investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Tesla presently has an average rating of “Hold” and an average price target of $209.60.

Insider Activity at Tesla

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

Tesla Price Performance

NASDAQ TSLA opened at $227.87 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $726.72 billion, a PE ratio of 58.13, a price-to-earnings-growth ratio of 6.08 and a beta of 2.29. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $273.93. The company has a 50 day moving average price of $222.16 and a two-hundred day moving average price of $194.93.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the previous year, the firm posted $0.78 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities analysts predict that Tesla, Inc. will post 1.75 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.