Tesla, Inc. $TSLA Holdings Raised by Centaurus Financial Inc.

Centaurus Financial Inc. increased its position in Tesla, Inc. (NASDAQ:TSLA) by 9.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,036 shares of the electric vehicle producer’s stock after acquiring an additional 5,252 shares during the period. Tesla makes up about 1.1% of Centaurus Financial Inc.’s investment portfolio, making the stock its 10th biggest position. Centaurus Financial Inc.’s holdings in Tesla were worth $19,389,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. Norges Bank purchased a new position in shares of Tesla in the second quarter valued at $11,839,824,000. Kingstone Capital Partners Texas LLC boosted its position in shares of Tesla by 581,880.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer’s stock worth $2,044,683,000 after buying an additional 6,435,598 shares in the last quarter. Vanguard Group Inc. grew its stake in Tesla by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock valued at $79,856,764,000 after acquiring an additional 4,502,976 shares during the last quarter. Amundi increased its holdings in Tesla by 29.4% during the 1st quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer’s stock valued at $4,482,789,000 after acquiring an additional 3,814,610 shares in the last quarter. Finally, Caxton Associates LLP purchased a new position in Tesla during the 1st quarter valued at about $469,339,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Price Performance

TSLA opened at $458.96 on Monday. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $488.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The company’s 50 day simple moving average is $435.52 and its 200 day simple moving average is $376.42. The stock has a market capitalization of $1.53 trillion, a PE ratio of 305.97, a P/E/G ratio of 15.50 and a beta of 1.87.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TSLA. Barclays reaffirmed a “neutral” rating and issued a $350.00 price target on shares of Tesla in a report on Monday, December 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Tesla in a report on Thursday, October 30th. Canaccord Genuity Group decreased their price target on shares of Tesla from $490.00 to $482.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Cowen reissued a “buy” rating on shares of Tesla in a research report on Monday, November 17th. Finally, Truist Financial upped their price objective on shares of Tesla from $280.00 to $406.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, fourteen have given a Hold rating and nine have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tesla presently has an average rating of “Hold” and a consensus price target of $399.33.

Insider Activity

In other news, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total value of $25,606,501.20. Following the transaction, the director directly owned 1,391,615 shares of the company’s stock, valued at $627,145,215.90. The trade was a 3.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Vaibhav Taneja sold 2,637 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the sale, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at approximately $6,107,145.01. This trade represents a 16.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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.