967 Shares in Tesla, Inc. $TSLA Acquired by Benchmark Financial Wealth Advisors LLC

Benchmark Financial Wealth Advisors LLC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 967 shares of the electric vehicle producer’s stock, valued at approximately $307,000.

Several other institutional investors also recently made changes to their positions in TSLA. LGT Financial Advisors LLC acquired a new stake in Tesla during the second quarter worth about $29,000. Arcadia Investment Management Corp MI purchased a new stake in shares of Tesla during the 1st quarter worth about $27,000. Chelsea Counsel Co. increased its position in Tesla by 59.7% during the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 40 shares in the last quarter. Evergreen Private Wealth LLC raised its holdings in Tesla by 270.0% in the second quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock valued at $35,000 after buying an additional 81 shares during the period. Finally, Centennial Bank AR lifted 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 valued at $29,000 after buying an additional 100 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Trading Up 3.7%

NASDAQ:TSLA opened at $456.56 on Monday. The stock has a market cap of $1.52 trillion, a price-to-earnings ratio of 304.37, a price-to-earnings-growth ratio of 16.84 and a beta of 2.08. Tesla, Inc. has a one year low of $214.25 and a one year high of $488.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The business’s 50-day simple moving average is $410.52 and its 200 day simple moving average is $348.87.

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

Insider Transactions at Tesla

In other news, Director James R. Murdoch sold 60,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the completion of the sale, the director owned 637,031 shares of the company’s stock, valued at approximately $269,260,263.08. This trade represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the company’s stock in a transaction on 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 sale, the senior vice president directly owned 47,600 shares in the company, valued at $17,314,500. This represents a 29.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 202,606 shares of company stock valued at $75,588,902. 19.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TSLA. Melius initiated coverage on shares of Tesla in a research report on Monday, October 13th. They issued a “buy” rating and a $520.00 price objective for the company. Roth Capital set a $505.00 price target on Tesla and gave the company a “buy” rating in a report on Thursday, October 23rd. Truist Financial raised their price objective on Tesla from $280.00 to $406.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. Piper Sandler upped their target price on Tesla from $400.00 to $500.00 and gave the stock an “overweight” rating in a research report on Monday, September 22nd. Finally, DZ Bank reiterated a “sell” rating on shares of Tesla in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have issued a Hold rating and eleven have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $390.27.

About Tesla

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.