Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Burney Co.

Burney Co. raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 187.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,061 shares of the electric vehicle producer’s stock after buying an additional 11,118 shares during the period. Burney Co.’s holdings in Tesla were worth $2,999,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Patten & Patten Inc. TN raised its stake in shares of Tesla by 1.1% during the 4th quarter. Patten & Patten Inc. TN now owns 4,601 shares of the electric vehicle producer’s stock worth $1,143,000 after purchasing an additional 48 shares in the last quarter. Washburn Capital Management Inc. raised its stake in shares of Tesla by 1.7% during the 4th quarter. Washburn Capital Management Inc. now owns 2,990 shares of the electric vehicle producer’s stock worth $743,000 after purchasing an additional 50 shares in the last quarter. Davis R M Inc. raised its stake in shares of Tesla by 0.7% during the 4th quarter. Davis R M Inc. now owns 6,991 shares of the electric vehicle producer’s stock worth $1,737,000 after purchasing an additional 52 shares in the last quarter. Wealthcare Capital Management LLC raised its stake in shares of Tesla by 3.3% during the 4th quarter. Wealthcare Capital Management LLC now owns 1,744 shares of the electric vehicle producer’s stock worth $433,000 after purchasing an additional 56 shares in the last quarter. Finally, Clear Investment Research LLC raised its stake in shares of Tesla by 25.4% during the 4th quarter. Clear Investment Research LLC now owns 281 shares of the electric vehicle producer’s stock worth $70,000 after purchasing an additional 57 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

TSLA has been the topic of a number of analyst reports. HSBC upped their price objective on Tesla from $120.00 to $130.00 in a research note on Wednesday, July 10th. Jefferies Financial Group dropped their price target on Tesla from $185.00 to $165.00 and set a “hold” rating on the stock in a research note on Wednesday, April 10th. Guggenheim restated a “sell” rating and issued a $134.00 price target on shares of Tesla in a research note on Tuesday, July 23rd. Oppenheimer restated a “market perform” rating on shares of Tesla in a research note on Tuesday, July 9th. Finally, Piper Sandler increased their price target on Tesla from $205.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Nine research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $204.30.

Tesla Trading Down 4.2 %

Tesla stock traded down $9.19 during trading hours on Friday, hitting $207.67. The stock had a trading volume of 82,880,120 shares, compared to its average volume of 126,158,848. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. The stock has a market cap of $663.43 billion, a price-to-earnings ratio of 52.98, a P/E/G ratio of 5.60 and a beta of 2.31. Tesla, Inc. has a one year low of $138.80 and a one year high of $278.98. The business’s 50 day simple moving average is $210.01 and its 200-day simple moving average is $191.08.

Tesla (NASDAQ:TSLA) last posted its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The firm had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. During the same quarter in the prior year, the business posted $0.78 earnings per share. Tesla’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities analysts predict that Tesla, Inc. will post 1.79 EPS for the current fiscal year.

Insider Transactions at Tesla

In other news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at $2,772,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of the sale, the director now directly owns 15,000 shares in the company, valued at $2,772,900. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the sale, the senior vice president now owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The disclosure for this sale can be found here. Insiders sold 160,719 shares of company stock worth $32,032,968 over the last ninety days. 25.10% of the stock is owned by 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.