Altiora Financial Group LLC Acquires 2,052 Shares of Tesla, Inc. $TSLA

Altiora Financial Group LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 68.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,060 shares of the electric vehicle producer’s stock after buying an additional 2,052 shares during the period. Altiora Financial Group LLC’s holdings in Tesla were worth $1,607,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in TSLA. Brighton Jones LLC lifted its holdings in shares of Tesla by 11.8% in the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after buying an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after acquiring an additional 931 shares during the period. Bison Wealth LLC lifted its stake in Tesla by 52.2% in the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after purchasing an additional 3,558 shares in the last quarter. Tributary Capital Management LLC boosted its holdings in Tesla by 69.7% in the 1st quarter. Tributary Capital Management LLC now owns 1,485 shares of the electric vehicle producer’s stock valued at $385,000 after purchasing an additional 610 shares during the period. Finally, Bailard Inc. grew its position in shares of Tesla by 2.1% during the 1st quarter. Bailard Inc. now owns 11,746 shares of the electric vehicle producer’s stock valued at $3,044,000 after purchasing an additional 238 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Benchmark reissued a “buy” rating on shares of Tesla in a research note on Thursday, October 23rd. JPMorgan Chase & Co. lifted their price target on Tesla from $115.00 to $150.00 in a research report on Friday, October 3rd. Canaccord Genuity Group cut their price objective on Tesla from $490.00 to $482.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Roth Capital set a $505.00 target price on shares of Tesla and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Truist Financial boosted their price target on shares of Tesla from $280.00 to $406.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have issued a Hold rating and ten have issued a Sell rating to the company. Based on data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus target price of $393.61.

Tesla Stock Performance

Tesla stock opened at $404.35 on Friday. The firm has a fifty day simple moving average of $429.67 and a two-hundred day simple moving average of $360.30. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $488.54. The company has a market capitalization of $1.34 trillion, a PE ratio of 269.57, a P/E/G ratio of 16.84 and a beta of 2.06.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $28.10 billion for the quarter, compared to the consensus estimate of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share. Research analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the sale, the chief financial officer directly owned 9,856 shares in the company, valued at approximately $3,473,057.28. This represents a 20.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of the sale, the senior vice president owned 47,600 shares of the company’s stock, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 202,606 shares of company stock valued at $75,588,902. Insiders own 19.90% of the company’s stock.

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.