Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,150 shares of the electric vehicle producer’s stock after selling 491 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Tesla were worth $2,713,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bridgewealth Advisory Group LLC purchased a new stake in Tesla during the second quarter worth $214,000. Frank Rimerman Advisors LLC boosted its position in shares of Tesla by 1,125.7% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 31,427 shares of the electric vehicle producer’s stock worth $6,219,000 after buying an additional 28,863 shares in the last quarter. Holderness Investments Co. boosted its position in shares of Tesla by 10.0% in the 2nd quarter. Holderness Investments Co. now owns 3,198 shares of the electric vehicle producer’s stock worth $633,000 after buying an additional 290 shares in the last quarter. Circle Wealth Management LLC increased its holdings in Tesla by 50.9% during the 2nd quarter. Circle Wealth Management LLC now owns 21,318 shares of the electric vehicle producer’s stock valued at $4,218,000 after acquiring an additional 7,193 shares in the last quarter. Finally, Merriman Wealth Management LLC raised its position in Tesla by 5.8% during the second quarter. Merriman Wealth Management LLC now owns 13,349 shares of the electric vehicle producer’s stock worth $2,641,000 after acquiring an additional 728 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on TSLA. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $120.00 target price on shares of Tesla in a research note on Monday, July 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $310.00 price objective on shares of Tesla in a research note on Thursday, September 5th. Cantor Fitzgerald reissued a “neutral” rating and issued a $245.00 target price on shares of Tesla in a research note on Monday, September 16th. Piper Sandler reaffirmed an “overweight” rating and set a $300.00 price target on shares of Tesla in a research note on Monday, August 19th. Finally, Roth Mkm reissued a “neutral” rating and issued a $85.00 price objective on shares of Tesla in a research report on Wednesday, July 24th. Nine equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $209.60.

Tesla Stock Performance

Shares of TSLA opened at $238.25 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40. Tesla, Inc. has a one year low of $138.80 and a one year high of $271.00. The company’s fifty day moving average price is $221.30 and its 200 day moving average price is $195.94. The company has a market capitalization of $759.83 billion, a PE ratio of 60.78, a price-to-earnings-growth ratio of 6.00 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.10). The company had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. Tesla had a return on equity of 10.41% and a net margin of 13.00%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 EPS. As a group, analysts expect that Tesla, Inc. will post 1.75 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the transaction, the senior vice president now directly owns 67,491 shares in the company, valued at $14,967,479.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the transaction, the senior vice president now directly owns 67,491 shares in the company, valued at $14,967,479.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at approximately $18,696,600. The disclosure for this sale can be found here. 25.10% of the stock is owned by company insiders.

Tesla Company Profile

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.