Semmax Financial Advisors Inc. Raises Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Semmax Financial Advisors Inc. grew its position in Tesla, Inc. (NASDAQ:TSLA) by 9.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 921 shares of the electric vehicle producer’s stock after buying an additional 80 shares during the period. Semmax Financial Advisors Inc.’s holdings in Tesla were worth $191,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bank & Trust Co purchased a new stake in Tesla in the second quarter valued at $25,000. Valley Wealth Managers Inc. purchased a new position in Tesla during the second quarter worth about $26,000. OLD Point Trust & Financial Services N A acquired a new stake in shares of Tesla during the fourth quarter valued at about $37,000. Guardian Wealth Management Inc. acquired a new position in shares of Tesla in the 4th quarter worth approximately $47,000. Finally, Kessler Investment Group LLC lifted its holdings 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 acquiring an additional 51 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other news, Director Robyn M. Denholm sold 66,364 shares of the firm’s stock in a transaction 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 sale, the director now owns 85,000 shares in the company, valued at approximately $18,696,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 66,364 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the sale, the director now owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. The disclosure for this sale can be found here. 25.10% of the stock is currently owned by corporate insiders.

Tesla Trading Up 4.9 %

Shares of Tesla stock opened at $250.00 on Tuesday. 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 company has a market capitalization of $797.30 billion, a P/E ratio of 63.78, a PEG ratio of 6.00 and a beta of 2.29. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $271.00. The company’s fifty day moving average is $221.24 and its two-hundred day moving average is $196.58.

Tesla (NASDAQ:TSLA) last posted 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). Tesla had a return on equity of 10.41% and a net margin of 13.00%. The company had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. During the same period in the previous year, the business posted $0.78 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. Analysts forecast that Tesla, Inc. will post 1.75 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on TSLA. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research report on Wednesday, July 24th. Roth Mkm reiterated a “neutral” rating and set a $85.00 price target on shares of Tesla in a research note on Wednesday, July 24th. Royal Bank of Canada dropped their price objective on shares of Tesla from $227.00 to $224.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. William Blair initiated coverage on shares of Tesla in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. Finally, Truist Financial reaffirmed a “hold” rating and set a $215.00 price objective on shares of Tesla in a research report on Wednesday, August 14th. Nine research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.