Signal Advisors Wealth LLC Has $7.37 Million Holdings in Tesla, Inc. $TSLA

Signal Advisors Wealth LLC raised its stake in Tesla, Inc. (NASDAQ:TSLAFree Report) by 34.9% in the first quarter, Holdings Channel.com reports. The firm owned 19,811 shares of the electric vehicle producer’s stock after acquiring an additional 5,128 shares during the period. Signal Advisors Wealth LLC’s holdings in Tesla were worth $7,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Networth Advisors LLC bought a new stake in shares of Tesla in the fourth quarter valued at about $26,000. Chapman Financial Group LLC bought a new position in Tesla during the second quarter valued at about $26,000. Davidson Capital Management Inc. raised its holdings in Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after acquiring an additional 27 shares in the last quarter. Prism Advisors Inc. bought a new stake in shares of Tesla in the 4th quarter worth approximately $30,000. Finally, Turning Point Benefit Group Inc. acquired a new stake in shares of Tesla during the 3rd quarter worth approximately $30,000. Institutional investors own 66.20% of the company’s stock.

Key Tesla News

Here are the key news stories impacting Tesla this week:

Tesla Stock Performance

Tesla stock opened at $375.53 on Thursday. The firm has a market capitalization of $1.41 trillion, a P/E ratio of 344.52, a P/E/G ratio of 15.25 and a beta of 1.80. The stock has a fifty day moving average price of $405.64 and a two-hundred day moving average price of $413.97. Tesla, Inc. has a 52-week low of $288.77 and a 52-week high of $498.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62.

Tesla (NASDAQ:TSLAGet Free Report) last issued its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.27 EPS. As a group, analysts anticipate that Tesla, Inc. will post 1.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TSLA shares. HSBC reaffirmed a “hold” rating on shares of Tesla in a research report on Monday, June 15th. TD Cowen reaffirmed a “buy” rating and set a $490.00 price objective on shares of Tesla in a report on Thursday, June 4th. President Capital lifted their target price on shares of Tesla from $424.00 to $428.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Wedbush reissued an “outperform” rating and issued a $600.00 target price on shares of Tesla in a research note on Tuesday, April 21st. Finally, Mizuho dropped their price target on shares of Tesla from $540.00 to $480.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Twenty-one investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $405.06.

Get Our Latest Stock Analysis on Tesla

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the transaction, the chief financial officer owned 18,106 shares in the company, valued at approximately $8,147,700. The trade was a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the transaction, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 57,824 shares of company stock worth $21,657,588. Company insiders own 19.90% of the company’s stock.

Tesla Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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