Juncture Wealth Strategies LLC Has $538,000 Stake in Tesla, Inc. $TSLA

by · The Cerbat Gem

Juncture Wealth Strategies LLC raised its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 25.0% in the second quarter, Holdings Channel reports. The fund owned 1,694 shares of the electric vehicle producer’s stock after buying an additional 339 shares during the quarter. Juncture Wealth Strategies LLC’s holdings in Tesla were worth $538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in TSLA. Brighton Jones LLC lifted its holdings in shares of Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after buying an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after purchasing an additional 931 shares during the period. Mascagni Wealth Management Inc. acquired a new position in shares of Tesla during the fourth quarter valued at about $346,000. Highview Capital Management LLC DE acquired a new position in shares of Tesla during the fourth quarter valued at about $2,367,000. Finally, Bison Wealth LLC grew its position in Tesla by 52.2% during the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after buying an additional 3,558 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction on Monday, July 7th. The stock was sold at an average price of $292.89, for a total value of $1,171,560.00. Following the completion of the sale, the chief financial officer directly owned 5,924 shares of the company’s stock, valued at approximately $1,735,080.36. This trade represents a 40.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James R. Murdoch sold 120,000 shares of the company’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total value of $42,034,800.00. Following the transaction, the director directly owned 697,031 shares in the company, valued at $244,162,988.99. This trade represents a 14.69% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 148,606 shares of company stock worth $51,999,662. Corporate insiders own 20.70% of the company’s stock.

Tesla Stock Up 3.6%

NASDAQ TSLA opened at $410.04 on Tuesday. The stock’s 50 day simple moving average is $331.21 and its 200 day simple moving average is $304.53. Tesla, Inc. has a one year low of $212.11 and a one year high of $488.54. The firm has a market cap of $1.32 trillion, a PE ratio of 237.02, a price-to-earnings-growth ratio of 13.81 and a beta of 2.06. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55.

Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). Tesla had a return on equity of 7.98% and a net margin of 6.54%.The business had revenue of $22.50 billion during the quarter, compared to analyst estimates of $23.18 billion. During the same period in the prior year, the firm posted $0.52 EPS. Tesla’s revenue for the quarter was down 11.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TSLA. William Blair reissued a “market perform” rating on shares of Tesla in a report on Friday, September 5th. Royal Bank Of Canada restated an “overweight” rating on shares of Tesla in a research note on Tuesday, July 29th. Argus reissued a “hold” rating on shares of Tesla in a research note on Monday, June 9th. Benchmark restated a “buy” rating and set a $475.00 price target (up previously from $350.00) on shares of Tesla in a research note on Thursday, June 26th. Finally, Bank of America upped their price objective on Tesla from $305.00 to $341.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, fourteen have issued a Hold rating and nine have issued a Sell rating to the company. According to MarketBeat.com, Tesla has a consensus rating of “Hold” and a consensus price target of $303.00.

View Our Latest Analysis on Tesla

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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