Tlwm Increases Holdings in Tesla, Inc. (NASDAQ:TSLA)

Tlwm raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,430 shares of the electric vehicle producer’s stock after purchasing an additional 205 shares during the period. Tesla accounts for about 0.7% of Tlwm’s portfolio, making the stock its 15th biggest position. Tlwm’s holdings in Tesla were worth $2,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of TSLA. Maryland State Retirement & Pension System grew its holdings in shares of Tesla by 3.5% in the second quarter. Maryland State Retirement & Pension System now owns 211,295 shares of the electric vehicle producer’s stock worth $55,311,000 after purchasing an additional 7,176 shares during the last quarter. Empower Advisory Group LLC purchased a new stake in shares of Tesla in the 1st quarter worth approximately $98,698,000. DoubleLine ETF Adviser LP bought a new position in shares of Tesla during the first quarter valued at approximately $11,384,000. Private Trust Co. NA increased its holdings in Tesla by 87.8% during the first quarter. Private Trust Co. NA now owns 5,138 shares of the electric vehicle producer’s stock valued at $1,066,000 after buying an additional 2,402 shares during the period. Finally, Berkeley Capital Partners LLC raised its stake in Tesla by 1.6% in the first quarter. Berkeley Capital Partners LLC now owns 5,212 shares of the electric vehicle producer’s stock worth $1,081,000 after buying an additional 81 shares in the last quarter. 41.87% of the stock is owned by institutional investors.

Insider Transactions at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $243.13, for a total value of $2,552,865.00. Following the sale, the senior vice president now owns 66,834 shares of the company’s stock, valued at $16,249,350.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tesla news, SVP Xiaotong Zhu sold 2,500 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $276.35, for a total transaction of $690,875.00. Following the sale, the senior vice president now directly owns 62,938 shares of the company’s stock, valued at approximately $17,392,916.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $243.13, for a total transaction of $2,552,865.00. Following the transaction, the senior vice president now directly owns 66,834 shares in the company, valued at approximately $16,249,350.42. The disclosure for this sale can be found here. Insiders have sold 55,815 shares of company stock valued at $14,384,135 in the last quarter. 20.90% of the stock is currently owned by corporate insiders.

Tesla Stock Performance

Shares of TSLA stock opened at $265.28 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.07 and a debt-to-equity ratio of 0.02. The stock has a 50 day simple moving average of $255.83 and a 200-day simple moving average of $220.81. The company has a market cap of $842.00 billion, a price-to-earnings ratio of 75.15, a price-to-earnings-growth ratio of 4.28 and a beta of 2.09. Tesla, Inc. has a 12-month low of $101.81 and a 12-month high of $313.80.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, July 19th. The electric vehicle producer reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.22. The business had revenue of $24.93 billion for the quarter, compared to analysts’ expectations of $24.22 billion. Tesla had a net margin of 12.97% and a return on equity of 26.10%. The business’s revenue for the quarter was up 47.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 EPS. On average, equities analysts forecast that Tesla, Inc. will post 2.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $275.00 price target on shares of Tesla in a report on Monday. Canaccord Genuity Group increased their price target on shares of Tesla from $257.00 to $293.00 and gave the company a “buy” rating in a research report on Monday, July 3rd. KGI Securities raised shares of Tesla from a “neutral” rating to an “outperform” rating in a research report on Monday, June 12th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Tesla from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, July 3rd. Finally, Citigroup upped their price target on Tesla from $215.00 to $278.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 12th. Six research analysts have rated the stock with a sell rating, eighteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $239.43.

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. It 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, retail merchandise, and vehicle insurance services.