EverSource Wealth Advisors LLC Has $14.29 Million Position in Tesla, Inc. (NASDAQ:TSLA)

EverSource Wealth Advisors LLC boosted its position in Tesla, Inc. (NASDAQ:TSLA) by 33.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 72,191 shares of the electric vehicle producer’s stock after buying an additional 18,193 shares during the quarter. Tesla makes up about 0.9% of EverSource Wealth Advisors LLC’s portfolio, making the stock its 23rd biggest position. EverSource Wealth Advisors LLC’s holdings in Tesla were worth $14,285,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TSLA. DDFG Inc increased its stake in Tesla by 7.1% in the 4th quarter. DDFG Inc now owns 1,065 shares of the electric vehicle producer’s stock valued at $265,000 after buying an additional 71 shares during the last quarter. Vantage Financial Partners LLC raised its holdings in Tesla by 6.4% during the fourth quarter. Vantage Financial Partners LLC now owns 5,763 shares of the electric vehicle producer’s stock worth $1,432,000 after acquiring an additional 346 shares in the last quarter. Gilbert & Cook Inc. boosted its position in Tesla by 8.7% during the fourth quarter. Gilbert & Cook Inc. now owns 13,511 shares of the electric vehicle producer’s stock valued at $3,357,000 after purchasing an additional 1,086 shares during the last quarter. 9258 Wealth Management LLC increased its position in shares of Tesla by 1.1% during the 4th quarter. 9258 Wealth Management LLC now owns 6,165 shares of the electric vehicle producer’s stock worth $1,532,000 after purchasing an additional 69 shares during the last quarter. Finally, Rollins Financial boosted its holdings in shares of Tesla by 10.2% in the 4th quarter. Rollins Financial now owns 120,416 shares of the electric vehicle producer’s stock valued at $29,921,000 after buying an additional 11,191 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other news, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction dated 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were 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 owns 67,491 shares in the company, valued at approximately $14,967,479.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 66,364 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following 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. Corporate insiders own 25.10% of the company’s stock.

Tesla Stock Performance

NASDAQ TSLA opened at $238.25 on Friday. The firm’s fifty day moving average price is $221.30 and its two-hundred day moving average price is $195.94. The stock has a market cap of $759.83 billion, a PE ratio of 60.78, a PEG ratio of 6.00 and a beta of 2.29. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $271.00.

Tesla (NASDAQ:TSLA) last issued its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) 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 firm had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. During the same period in the previous year, the company earned $0.78 EPS. Tesla’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts expect that Tesla, Inc. will post 1.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TSLA shares. Argus restated a “buy” rating and set a $286.00 price objective on shares of Tesla in a research note on Friday, July 26th. Stifel Nicolaus started coverage on Tesla in a research note on Tuesday, June 25th. They set a “buy” rating and a $265.00 target price for the company. Wells Fargo & Company reaffirmed an “underweight” rating and set a $120.00 price objective on shares of Tesla in a research report on Monday, July 1st. UBS Group lowered shares of Tesla from a “neutral” rating to a “sell” rating and increased their price objective for the company from $147.00 to $197.00 in a research report on Friday, July 12th. Finally, KGI Securities reiterated a “neutral” rating and issued a $236.00 price target on shares of Tesla in a research note on Thursday, July 25th. 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 stock has a consensus rating of “Hold” and an average target price of $209.60.

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.