Atlantic Union Bankshares Corp Has $10.79 Million Stock Position in Tesla, Inc. $TSLA

Atlantic Union Bankshares Corp increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 199.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,953 shares of the electric vehicle producer’s stock after acquiring an additional 22,602 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Tesla were worth $10,785,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TSLA. Brighton Jones LLC increased its position in Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after acquiring an additional 9,293 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Tesla by 21.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after purchasing an additional 931 shares during the period. Bison Wealth LLC increased its position in shares of Tesla by 52.2% during the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock valued at $4,187,000 after purchasing an additional 3,558 shares during the period. 49 Wealth Management LLC increased its position in shares of Tesla by 8.0% during the first quarter. 49 Wealth Management LLC now owns 1,138 shares of the electric vehicle producer’s stock valued at $295,000 after purchasing an additional 84 shares during the period. Finally, Trek Financial LLC increased its position in shares of Tesla by 14.2% during the first quarter. Trek Financial LLC now owns 23,916 shares of the electric vehicle producer’s stock valued at $6,198,000 after purchasing an additional 2,978 shares during the period. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of NASDAQ:TSLA opened at $462.07 on Thursday. The business’s fifty day moving average price is $417.05 and its two-hundred day moving average price is $352.68. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $488.54. The stock has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 308.05, a price-to-earnings-growth ratio of 16.84 and a beta of 2.08. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results 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. The firm had revenue of $28.10 billion for the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.72 earnings per share. As a group, analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TSLA has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Tesla from $440.00 to $470.00 and gave the company a “buy” rating in a research report on Monday. TD Cowen boosted their price objective on Tesla from $374.00 to $509.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Dbs Bank boosted their price objective on Tesla from $300.00 to $450.00 in a research report on Wednesday, September 17th. JPMorgan Chase & Co. boosted their price objective on Tesla from $115.00 to $150.00 in a research report on Friday, October 3rd. Finally, CICC Research boosted their price objective on Tesla from $360.00 to $450.00 and gave the company an “outperform” rating in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have assigned a Hold rating and eleven have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $391.08.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the transaction, the chief financial officer owned 9,856 shares of the company’s stock, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of the transaction, the senior vice president directly owned 47,600 shares in the company, valued at approximately $17,314,500. This represents a 29.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 202,606 shares of company stock valued at $75,588,902. 19.90% of the stock is currently owned by corporate 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.