Leelyn Smith LLC Has $3.46 Million Position in Tesla, Inc. $TSLA

Leelyn Smith LLC lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 10,901 shares of the electric vehicle producer’s stock after selling 149 shares during the period. Leelyn Smith LLC’s holdings in Tesla were worth $3,463,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. LGT Financial Advisors LLC bought a new stake in Tesla in the second quarter valued at approximately $29,000. Arcadia Investment Management Corp MI bought a new position in shares of Tesla during the first quarter worth approximately $27,000. Chelsea Counsel Co. grew its position 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 in the last quarter. Evergreen Private Wealth LLC grew its position in Tesla by 270.0% during the second quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock worth $35,000 after buying an additional 81 shares in the last quarter. Finally, Centennial Bank AR grew its position 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 in the last quarter. Institutional investors own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TSLA shares. Royal Bank Of Canada reissued an “outperform” rating and set a $500.00 price target on shares of Tesla in a research report on Thursday. Baird R W raised Tesla from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. William Blair reissued a “market perform” rating on shares of Tesla in a report on Friday, September 5th. The Goldman Sachs Group raised their price objective on Tesla from $395.00 to $425.00 and gave the company a “neutral” rating in a report on Friday, October 3rd. Finally, UBS Group set a $247.00 target price on Tesla in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twelve have issued a Hold rating and eleven have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $380.03.

Tesla Stock Performance

Shares of TSLA opened at $433.72 on Friday. Tesla, Inc. has a 52 week low of $214.25 and a 52 week high of $488.54. The stock has a 50 day moving average price of $398.06 and a two-hundred day moving average price of $339.92. The firm has a market capitalization of $1.44 trillion, a P/E ratio of 289.15, a P/E/G ratio of 16.13 and a beta of 2.08. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.07.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, October 22nd. The electric vehicle producer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $28.10 billion for the quarter, compared to the consensus estimate of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.Tesla’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 earnings per share. Equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director James R. Murdoch sold 60,000 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $422.68, for a total value of $25,360,800.00. Following the transaction, the director owned 637,031 shares of the company’s stock, valued at approximately $269,260,263.08. This represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the transaction, the chief financial officer directly owned 9,856 shares in the company, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 202,606 shares of company stock worth $75,588,902 over the last 90 days. Corporate insiders own 19.90% of the company’s stock.

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.