Garde Capital Inc. Has $2.06 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Garde Capital Inc. decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 14.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,430 shares of the electric vehicle producer’s stock after selling 1,778 shares during the period. Garde Capital Inc.’s holdings in Tesla were worth $2,064,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank & Trust Co acquired a new stake in shares of Tesla in the 2nd quarter valued at about $25,000. Abich Financial Wealth Management LLC raised its holdings in Tesla by 168.8% during the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock worth $26,000 after acquiring an additional 81 shares in the last quarter. Valley Wealth Managers Inc. bought a new stake in Tesla during the second quarter worth about $26,000. OLD Point Trust & Financial Services N A bought a new stake in Tesla during the fourth quarter worth about $37,000. Finally, Guardian Wealth Management Inc. bought a new stake in Tesla in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 66,364 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 85,000 shares in the company, valued at approximately $18,696,600. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction dated Friday, September 6th. The stock was 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 in the company, valued at approximately $14,967,479.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robyn M. Denholm sold 66,364 shares of Tesla stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $18,696,600. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,661 shares of company stock worth $16,663,291. Company insiders own 25.10% of the company’s stock.

Tesla Stock Up 2.5 %

Shares of NASDAQ:TSLA opened at $260.46 on Monday. The firm has a market cap of $830.66 billion, a P/E ratio of 66.44, a P/E/G ratio of 6.92 and a beta of 2.29. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $271.00. The business has a fifty day simple moving average of $221.89 and a 200 day simple moving average of $198.88.

Tesla (NASDAQ:TSLA) last announced its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $24.38 billion. During the same period in the prior year, the business earned $0.78 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts predict that Tesla, Inc. will post 1.75 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on TSLA. William Blair initiated coverage on Tesla in a research note on Thursday, August 29th. They issued an “outperform” rating on the stock. HSBC upped their target price on Tesla from $120.00 to $130.00 in a research report on Wednesday, July 10th. Guggenheim upped their target price on Tesla from $134.00 to $153.00 and gave the company a “sell” rating in a research report on Friday, September 13th. Cantor Fitzgerald reissued a “neutral” rating and set a $245.00 price target on shares of Tesla in a research report on Monday, September 23rd. Finally, Oppenheimer reissued a “market perform” rating on shares of Tesla in a research report on Tuesday, July 9th. Nine equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Tesla currently has an average rating of “Hold” and a consensus price target of $209.90.

Tesla 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.