Intergy Private Wealth LLC Increases Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Intergy Private Wealth LLC raised its position in Tesla, Inc. (NASDAQ:TSLA) by 25.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,573 shares of the electric vehicle producer’s stock after buying an additional 518 shares during the period. Intergy Private Wealth LLC’s holdings in Tesla were worth $667,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Fiduciary Planning LLC increased its stake in shares of Tesla by 26.6% in the 1st quarter. Fiduciary Planning LLC now owns 6,923 shares of the electric vehicle producer’s stock valued at $1,794,000 after purchasing an additional 1,454 shares in the last quarter. AAFMAA Wealth Management & Trust LLC grew its holdings in Tesla by 39.0% in the first quarter. AAFMAA Wealth Management & Trust LLC now owns 1,710 shares of the electric vehicle producer’s stock valued at $443,000 after purchasing an additional 480 shares during the period. DKM Wealth Management Inc. increased its position in shares of Tesla by 29.2% in the first quarter. DKM Wealth Management Inc. now owns 1,608 shares of the electric vehicle producer’s stock valued at $417,000 after buying an additional 363 shares in the last quarter. Blue Zone Wealth Advisors LLC raised its stake in shares of Tesla by 4.1% during the 1st quarter. Blue Zone Wealth Advisors LLC now owns 7,749 shares of the electric vehicle producer’s stock worth $2,008,000 after buying an additional 306 shares during the period. Finally, KFG Wealth Management LLC lifted its position in shares of Tesla by 9.7% during the 1st quarter. KFG Wealth Management LLC now owns 3,433 shares of the electric vehicle producer’s stock valued at $890,000 after buying an additional 303 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 1,000 shares of Tesla stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $350.00, for a total transaction of $350,000.00. Following the completion of the sale, the chief financial officer now directly owns 1,950 shares in the company, valued at $682,500. This trade represents a 33.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James R. Murdoch sold 54,776 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the transaction, the director now owns 477,011 shares in the company, valued at approximately $114,859,478.69. This represents a 10.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 870,721 shares of company stock worth $286,248,728. Company insiders own 20.70% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the subject of several recent analyst reports. UBS Group cut their price target on shares of Tesla from $225.00 to $190.00 and set a “sell” rating for the company in a report on Thursday, April 10th. Wells Fargo & Company cut their target price on shares of Tesla from $135.00 to $130.00 and set an “underweight” rating for the company in a research note on Friday, March 14th. Cowen raised shares of Tesla from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Deutsche Bank Aktiengesellschaft cut their price objective on Tesla from $420.00 to $345.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Finally, JPMorgan Chase & Co. decreased their target price on Tesla from $120.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 23rd. Ten analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $294.27.

Tesla Trading Up 3.7%

TSLA opened at $295.14 on Friday. The stock has a market capitalization of $950.63 billion, a PE ratio of 144.68, a P/E/G ratio of 5.86 and a beta of 2.47. Tesla, Inc. has a one year low of $167.41 and a one year high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The business’s 50 day moving average price is $292.17 and its 200 day moving average price is $333.62.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). The business had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same period last year, the company earned $0.45 EPS. As a group, equities research analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Tesla 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.