Inspirion Wealth Advisors LLC maintained its position in shares of Tesla Inc. (NASDAQ:TSLA) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 759 shares of the electric vehicle producer’s stock at the end of the second quarter. Inspirion Wealth Advisors LLC’s holdings in Tesla were worth $274,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in TSLA. Patten & Patten Inc. TN purchased a new position in shares of Tesla during the second quarter valued at approximately $597,000. Aperio Group LLC increased its stake in shares of Tesla by 16.9% in the second quarter. Aperio Group LLC now owns 29,536 shares of the electric vehicle producer’s stock worth $10,680,000 after buying an additional 4,274 shares during the last quarter. Beech Hill Advisors Inc. increased its stake in shares of Tesla by 10.4% in the second quarter. Beech Hill Advisors Inc. now owns 3,209 shares of the electric vehicle producer’s stock worth $1,160,000 after buying an additional 303 shares during the last quarter. Main Street Research LLC bought a new stake in shares of Tesla during the second quarter worth $602,000. Finally, North Star Investment Management Corp. increased its stake in shares of Tesla by 2.8% in the second quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock worth $122,000 after buying an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 63.75% of the company’s stock.
Tesla Inc. (NASDAQ:TSLA) traded up 0.63% during midday trading on Thursday, hitting $327.30. The company had a trading volume of 2,407,882 shares. Tesla Inc. has a 52-week low of $178.19 and a 52-week high of $386.99. The stock has a 50 day moving average of $351.07 and a 200 day moving average of $295.15. The firm’s market cap is $53.76 billion.
Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, May 3rd. The electric vehicle producer reported ($1.97) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.67) by $1.30. Tesla had a negative net margin of 8.46% and a negative return on equity of 17.13%. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.56 billion. On average, analysts anticipate that Tesla Inc. will post ($5.75) EPS for the current year.
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A number of equities research analysts recently weighed in on the company. Vetr raised Tesla from a “strong sell” rating to a “sell” rating and set a $335.62 price objective on the stock in a research report on Tuesday, June 13th. Robert W. Baird reissued an “outperform” rating and issued a $368.00 price target on shares of Tesla in a report on Tuesday, June 20th. BidaskClub downgraded Tesla from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Goldman Sachs Group, Inc. (The) set a $180.00 price target on Tesla and gave the stock a “sell” rating in a report on Friday, June 30th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $305.00 price target on shares of Tesla in a report on Monday, June 12th. Seven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $296.39.
In other Tesla news, insider Jeffrey B. Straubel sold 106,000 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $307.44, for a total transaction of $32,588,640.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robyn M. Denholm sold 20,000 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $311.76, for a total value of $6,235,200.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $6,235,200. The disclosure for this sale can be found here. Insiders sold 242,290 shares of company stock worth $74,919,505 in the last quarter. 23.10% of the stock is owned by insiders.
About Tesla
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
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