Tesla, Inc. $TSLA Shares Sold by Emerald Advisers LLC

by · The Cerbat Gem

Emerald Advisers LLC lessened its holdings in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 4.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,550 shares of the electric vehicle producer’s stock after selling 71 shares during the quarter. Emerald Advisers LLC’s holdings in Tesla were worth $492,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TSLA. Brighton Jones LLC raised its stake in shares of Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after purchasing an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Tesla by 21.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after purchasing an additional 931 shares during the period. Bison Wealth LLC raised its position in Tesla by 52.2% in the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after purchasing an additional 3,558 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Tesla by 6.4% during the first quarter. Golden State Wealth Management LLC now owns 17,619 shares of the electric vehicle producer’s stock valued at $4,566,000 after acquiring an additional 1,053 shares during the period. Finally, Smallwood Wealth Investment Management LLC acquired a new position in Tesla in the first quarter valued at about $47,000. Institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 20,000 shares of Tesla stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the transaction, the senior vice president owned 47,600 shares of the company’s stock, valued at $17,314,500. The trade was a 29.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the transaction, the chief financial officer directly owned 9,856 shares in the company, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 202,606 shares of company stock worth $75,588,902 in the last quarter. Insiders own 19.90% of the company’s stock.

Tesla Stock Performance

Shares of Tesla stock opened at $461.51 on Thursday. The stock has a market cap of $1.53 trillion, a price-to-earnings ratio of 307.67, a P/E/G ratio of 16.81 and a beta of 2.08. The company’s fifty day moving average is $405.79 and its 200 day moving average is $345.40. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA – Get Free Report) last released its earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The company had revenue of $28.10 billion for the quarter, compared to the consensus estimate of $24.98 billion. During the same quarter in the previous year, the company earned $0.72 EPS. Tesla’s quarterly revenue was up 11.6% compared to the same quarter last year. Sell-side analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of research reports. CICC Research raised their price target on shares of Tesla from $360.00 to $450.00 and gave the company an “outperform” rating in a report on Thursday, September 18th. Guggenheim reissued a “sell” rating and set a $175.00 price objective on shares of Tesla in a research note on Wednesday, July 23rd. Evercore ISI decreased their target price on Tesla from $300.00 to $235.00 in a research note on Friday, October 24th. Royal Bank Of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of Tesla in a research note on Thursday, October 23rd. Finally, New Street Research lifted their price objective on shares of Tesla from $465.00 to $520.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have issued a Hold rating and eleven have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $388.51.

Read Our Latest Stock Report on TSLA

About Tesla

(Free Report)

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.

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