HHM Wealth Advisors LLC Raises Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

HHM Wealth Advisors LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 32.3% in the second quarter, Holdings Channel.com reports. The fund owned 4,261 shares of the electric vehicle producer’s stock after acquiring an additional 1,041 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Tesla were worth $843,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Bank & Trust Co purchased a new stake in shares of Tesla in the second quarter valued at approximately $25,000. OLD Point Trust & Financial Services N A purchased a new position in shares of Tesla during the fourth quarter valued at $37,000. Kessler Investment Group LLC lifted its stake in Tesla by 35.9% in the second quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle producer’s stock worth $38,000 after acquiring an additional 51 shares during the period. Aspect Partners LLC grew 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 acquiring an additional 114 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in Tesla during the 2nd quarter valued at about $42,000. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

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

NASDAQ:TSLA opened at $226.17 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91. The stock has a market capitalization of $722.53 billion, a PE ratio of 57.70, a P/E/G ratio of 5.57 and a beta of 2.29. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $278.98. The company has a fifty day moving average of $224.49 and a two-hundred day moving average of $193.96.

Tesla (NASDAQ:TSLA) last issued 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 company had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same period in the prior year, the business posted $0.78 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, research analysts forecast that Tesla, Inc. will post 1.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TSLA has been the topic of several research reports. Mizuho lifted their price objective on shares of Tesla from $180.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Morgan Stanley reiterated an “overweight” rating and issued a $310.00 target price on shares of Tesla in a research note on Thursday, September 5th. Robert W. Baird reissued an “outperform” rating and set a $280.00 price target on shares of Tesla in a research report on Tuesday, August 20th. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research report on Tuesday, July 9th. Finally, William Blair began coverage on shares of Tesla in a research report on Thursday, August 29th. They set an “outperform” rating for the company. Nine investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Tesla presently has an average rating of “Hold” and an average price target of $209.03.

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.