Ieq Capital LLC Grows Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Ieq Capital LLC raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 17.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 183,349 shares of the electric vehicle producer’s stock after buying an additional 27,296 shares during the period. Ieq Capital LLC’s holdings in Tesla were worth $36,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in TSLA. Bank & Trust Co purchased a new stake in shares of Tesla in the 2nd quarter worth approximately $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of Tesla in the 2nd quarter worth approximately $26,000. OLD Point Trust & Financial Services N A purchased a new stake in shares of Tesla in the 4th quarter worth approximately $37,000. Kessler Investment Group LLC lifted its position in shares of Tesla by 35.9% in the 2nd quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle producer’s stock worth $38,000 after purchasing an additional 51 shares during the period. Finally, Aspect Partners LLC lifted its position in shares of Tesla by 121.3% in the 2nd quarter. Aspect Partners LLC now owns 208 shares of the electric vehicle producer’s stock worth $41,000 after purchasing an additional 114 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Tesla

In related news, Director Robyn M. Denholm sold 66,364 shares of Tesla stock in a transaction that occurred on 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 transaction, the director now owns 85,000 shares in the company, valued at $18,696,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Robyn M. Denholm sold 66,364 shares of Tesla stock in a transaction that occurred on 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 transaction, the director now owns 85,000 shares in the company, valued at $18,696,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the transaction, the senior vice president now owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. The disclosure for this sale can be found here. Company insiders own 25.10% of the company’s stock.

Tesla Price Performance

Shares of TSLA opened at $243.92 on Friday. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $273.93. The stock has a market cap of $777.91 billion, a PE ratio of 62.22, a P/E/G ratio of 6.00 and a beta of 2.29. The firm has a 50-day simple moving average of $221.50 and a two-hundred day simple moving average of $195.49. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data 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). The business had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. As a group, analysts forecast that Tesla, Inc. will post 1.75 EPS for the current year.

Analysts Set New Price Targets

TSLA has been the subject of several research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $310.00 price target on shares of Tesla in a research report on Thursday, September 5th. Truist Financial reissued a “hold” rating and set a $215.00 target price on shares of Tesla in a research report on Wednesday, August 14th. Oppenheimer reissued a “market perform” rating on shares of Tesla in a research report on Tuesday, July 9th. Wells Fargo & Company reissued an “underweight” rating and set a $120.00 target price on shares of Tesla in a research report on Monday, July 1st. Finally, William Blair started coverage on shares of Tesla in a research note on Thursday, August 29th. They set an “outperform” rating on the stock. Nine investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $209.60.

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.