1,091 Shares in Tesla, Inc. (NASDAQ:TSLA) Acquired by Ariadne Wealth Management LP

Ariadne Wealth Management LP purchased a new position in Tesla, Inc. (NASDAQ:TSLA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,091 shares of the electric vehicle producer’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 3Chopt Investment Partners LLC bought a new stake in shares of Tesla during the 2nd quarter valued at about $1,323,000. Heartland Bank & Trust Co lifted its position in Tesla by 1.1% during the second quarter. Heartland Bank & Trust Co now owns 6,373 shares of the electric vehicle producer’s stock valued at $1,261,000 after purchasing an additional 69 shares during the last quarter. Granite Bay Wealth Management LLC purchased a new position in Tesla in the 2nd quarter worth approximately $9,305,000. Ted Buchan & Co bought a new position in shares of Tesla in the 2nd quarter worth $308,000. Finally, Advisory Alpha LLC raised its position in shares of Tesla by 13.5% during the 2nd quarter. Advisory Alpha LLC now owns 13,305 shares of the electric vehicle producer’s stock valued at $2,633,000 after buying an additional 1,578 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 8,000 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $26,258,000. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Vaibhav Taneja sold 8,000 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at $26,258,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value 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 $14,967,479.07. The disclosure for this sale can be found here. Insiders sold a total of 74,661 shares of company stock worth $16,663,291 in the last three months. Insiders own 25.10% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $261.63 on Tuesday. The business has a fifty day moving average price of $222.10 and a 200-day moving average price of $199.58. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40. The company has a market capitalization of $835.81 billion, a PE ratio of 66.74, a PEG ratio of 7.08 and a beta of 2.29. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $271.00.

Tesla (NASDAQ:TSLA) last released 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 firm had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 earnings per share. As a group, equities analysts expect that Tesla, Inc. will post 1.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TSLA. Piper Sandler upped their target price on shares of Tesla from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company reiterated an “underweight” rating and set a $120.00 price objective on shares of Tesla in a research report on Monday, July 1st. HSBC boosted their target price on Tesla from $120.00 to $130.00 in a research report on Wednesday, July 10th. Roth Mkm reiterated a “neutral” rating and set a $85.00 price target on shares of Tesla in a research report on Wednesday, July 24th. Finally, KGI Securities restated a “neutral” rating and issued a $236.00 price objective on shares of Tesla in a report on Thursday, July 25th. Nine analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus 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.