Holistic Financial Partners Has $794,000 Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Holistic Financial Partners cut its holdings in Tesla, Inc. (NASDAQ:TSLA) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,015 shares of the electric vehicle producer’s stock after selling 53 shares during the quarter. Holistic Financial Partners’ holdings in Tesla were worth $794,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TSLA. Bank & Trust Co acquired a new position in shares of Tesla during the second quarter worth about $25,000. OLD Point Trust & Financial Services N A bought a new position in shares of Tesla in the fourth quarter valued at $37,000. Kessler Investment Group LLC increased its stake in shares of Tesla by 35.9% during the 2nd quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle producer’s stock worth $38,000 after purchasing an additional 51 shares during the last quarter. Aspect Partners LLC raised its stake in Tesla by 121.3% in the second quarter. Aspect Partners LLC now owns 208 shares of the electric vehicle producer’s stock valued at $41,000 after buying an additional 114 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Tesla during the 2nd quarter worth approximately $42,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insiders Place Their Bets

In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now directly owns 65,155 shares in the company, valued at approximately $11,350,652.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Xiaotong Zhu sold 650 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares in the company, valued at $11,350,652.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robyn M. Denholm sold 66,364 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $219.96, for a total value of $14,597,425.44. Following the completion of the sale, the director now owns 85,000 shares of the company’s stock, valued at $18,696,600. The disclosure for this sale can be found here. 25.10% of the stock is currently owned by corporate insiders.

Tesla Price Performance

Shares of TSLA opened at $214.11 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 1 year low of $138.80 and a 1 year high of $278.98. The business has a 50-day moving average of $222.00 and a 200-day moving average of $192.82. The company has a market capitalization of $684.00 billion, a price-to-earnings ratio of 54.62, a price-to-earnings-growth ratio of 5.55 and a beta of 2.31.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). Tesla had a return on equity of 10.41% and a net margin of 13.00%. The business had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. During the same quarter in the previous year, the business posted $0.78 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. As a group, equities research analysts anticipate that Tesla, Inc. will post 1.79 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on TSLA. Royal Bank of Canada decreased their price objective on shares of Tesla from $227.00 to $224.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Glj Research lifted their price target on Tesla from $22.86 to $24.86 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. William Blair assumed coverage on Tesla in a report on Thursday. They issued an “outperform” rating on the stock. Sanford C. Bernstein reissued an “underperform” rating and set a $120.00 target price on shares of Tesla in a report on Monday, June 10th. Finally, The Goldman Sachs Group decreased their price target on shares of Tesla from $248.00 to $230.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Nine investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $204.21.

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.