Tesla, Inc. (NASDAQ:TSLA) Stock Position Raised by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT lifted its position in Tesla, Inc. (NASDAQ:TSLA) by 36.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,797 shares of the electric vehicle producer’s stock after buying an additional 747 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Tesla were worth $554,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bank & Trust Co bought a new stake in Tesla in the second quarter worth $25,000. Valley Wealth Managers Inc. bought a new stake in shares of Tesla during the 2nd quarter worth about $26,000. OLD Point Trust & Financial Services N A acquired a new position in shares of Tesla during the 4th quarter valued at about $37,000. Kessler Investment Group LLC raised its stake 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 valued at $38,000 after acquiring an additional 51 shares in the last quarter. Finally, Aspect Partners LLC lifted its holdings in 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 last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Tesla stock opened at $243.92 on Friday. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $273.93. The stock has a 50-day simple moving average of $221.50 and a 200 day simple moving average of $195.49. 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 capitalization of $779.24 billion, a price-to-earnings ratio of 62.22, a P/E/G ratio of 6.00 and a beta of 2.29.

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 analysts’ consensus estimates of $0.62 by ($0.10). The company had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. Tesla had a return on equity of 10.41% and a net margin of 13.00%. Tesla’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 earnings per share. On average, research analysts anticipate that Tesla, Inc. will post 1.75 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other news, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction 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 owns 85,000 shares of the company’s stock, valued at $18,696,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of Tesla 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 completion of the sale, the senior vice president now owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 66,364 shares of the 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 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. Corporate insiders own 25.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TSLA shares. Piper Sandler reissued an “overweight” rating and issued a $300.00 price target on shares of Tesla in a research report on Monday, August 19th. Robert W. Baird reiterated an “outperform” rating and issued a $280.00 target price on shares of Tesla in a report on Tuesday, August 20th. Truist Financial restated a “hold” rating and set a $215.00 price target on shares of Tesla in a report on Wednesday, August 14th. Barclays dropped their price objective on Tesla from $225.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Finally, Mizuho increased their target price on Tesla from $180.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Nine research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $209.60.

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.