Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. lifted its position in Tesla, Inc. (NASDAQ:TSLA) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,362 shares of the electric vehicle producer’s stock after purchasing an additional 100 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Tesla were worth $1,404,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TSLA. Lakewood Asset Management LLC purchased a new stake in shares of Tesla in the fourth quarter valued at about $25,000. Alpha Paradigm Partners LLC acquired a new position in Tesla in the 3rd quarter valued at about $27,000. GW&K Investment Management LLC purchased a new stake in Tesla during the 1st quarter valued at approximately $30,000. MayTech Global Investments LLC acquired a new stake in Tesla during the 4th quarter worth approximately $30,000. Finally, St. Johns Investment Management Company LLC grew its stake in shares of Tesla by 451.9% in the 1st quarter. St. Johns Investment Management Company LLC now owns 149 shares of the electric vehicle producer’s stock valued at $31,000 after purchasing an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 41.87% of the company’s stock.

Tesla Trading Down 0.6 %

Shares of TSLA stock opened at $274.39 on Friday. Tesla, Inc. has a twelve month low of $101.81 and a twelve month high of $313.80. The company has a market capitalization of $870.91 billion, a price-to-earnings ratio of 77.73, a PEG ratio of 4.30 and a beta of 2.09. The firm has a 50-day moving average price of $255.83 and a 200 day moving average price of $220.11. The company has a current ratio of 1.59, a quick ratio of 1.07 and a debt-to-equity ratio of 0.02.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, July 19th. The electric vehicle producer reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.22. The business had revenue of $24.93 billion for the quarter, compared to the consensus estimate of $24.22 billion. Tesla had a net margin of 12.97% and a return on equity of 26.10%. The company’s quarterly revenue was up 47.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Research analysts forecast that Tesla, Inc. will post 2.94 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Xiaotong Zhu sold 1,065 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $249.62, for a total transaction of $265,845.30. Following the completion of the transaction, the senior vice president now owns 59,540 shares of the company’s stock, valued at approximately $14,862,374.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $250.02, for a total transaction of $1,000,080.00. Following the transaction, the chief financial officer now directly owns 104,504 shares of the company’s stock, valued at $26,128,090.08. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Xiaotong Zhu sold 1,065 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $249.62, for a total transaction of $265,845.30. Following the completion of the sale, the senior vice president now directly owns 59,540 shares of the company’s stock, valued at approximately $14,862,374.80. The disclosure for this sale can be found here. Insiders sold a total of 55,815 shares of company stock valued at $14,384,135 over the last quarter. Company insiders own 25.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TSLA shares. Truist Financial increased their price target on Tesla from $240.00 to $254.00 and gave the stock a “hold” rating in a report on Thursday, July 20th. JPMorgan Chase & Co. lifted their target price on shares of Tesla from $115.00 to $120.00 and gave the company an “underweight” rating in a report on Monday, July 3rd. Barclays cut shares of Tesla from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $220.00 to $260.00 in a report on Wednesday, June 21st. Bank of America lifted their price objective on Tesla from $225.00 to $300.00 in a report on Thursday, July 6th. Finally, The Goldman Sachs Group increased their target price on Tesla from $248.00 to $275.00 and gave the stock a “neutral” rating in a research note on Monday, July 3rd. Six research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Tesla presently has an average rating of “Hold” and a consensus price target of $239.43.

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. It 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, retail merchandise, and vehicle insurance services.