Montag A & Associates Inc. buys 1,071 shares of Tesla, Inc. (NASDAQ:TSLA)

Montag A & Associates Inc. increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 33.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,256 shares of the electric vehicle maker’s stock after purchasing an additional 1,071 shares during the period. The holdings of Montag A & Associates Inc. holdings in Tesla were worth $842,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TSLA. Bank & Trust Co purchased a new position in shares of Tesla in the second quarter valued at about $25,000. OLD Point Trust & Financial Services NA bought a new stake in Tesla in the fourth quarter valued at about $37,000. Kessler Investment Group LLC boosted its stake in shares of Tesla by 35.9% in the second quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle maker’s stock worth $38,000 after buying an additional 51 shares in the last quarter. Aspect Partners LLC boosted its holdings in shares of Tesla by 121.3% in the second quarter. Aspect Partners LLC now owns 208 shares of the electric vehicle maker’s stock valued at $41,000 after purchasing an additional 114 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Tesla during the second quarter valued at about $42,000. Hedge funds and other institutional investors own 66.20% of the company’s shares.

Insiders place their bets

In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 85,000 shares in the company, valued at approximately $18,696,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this link. In related news, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the transaction, the senior vice president now owns 65,155 shares in the company, valued at $11,350,652.55. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 85,000 shares in the company, valued at $18,696,600. The disclosure for this sale can be found here. Corporate insiders own 25.10% of the company’s shares.

Analysts set new price targets

A number of analysts have commented on TSLA shares. Truist Financial restated a “hold” rating and issued a $215.00 target price on shares of Tesla in a research note on Wednesday, August 14th. Roth Mkm reissued a “neutral” rating and issued a $85.00 target price on shares of Tesla in a research report on Wednesday, July 24th. HSBC upped their target price on shares of Tesla from $120.00 to $130.00 in a research note on Wednesday, July 10th. Mizuho raised their target price on shares of Tesla from $180.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Finally, Goldman Sachs Group dropped their price objective on shares of Tesla from $248.00 to $230.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th . Nine research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $204.21, based on data from MarketBeat.

Read the latest stock report on TSLA

Tesla stock performance

NASDAQ:TSLA opened at $214.11 on Monday. The stock has a 50-day moving average price of $222.00 and a 200-day moving average price of $192.91. The company has a current ratio of 1.91, a quick ratio of 1.40, and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $278.98. The stock has a market cap of $682.84 billion, a P/E ratio of 54.62, a P/E/G ratio of 5.55 and a beta of 2.31.

Tesla (NASDAQ:TSLA – Get Your Free Report ) last released its quarterly earnings data on Tuesday, July 23rd. The electric vehicle maker reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The company had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. In the same quarter last year, the business earned $0.78 EPS. The company’s quarterly revenue was up 2.3% year over year. Equities research analysts forecast that Tesla, Inc. will post 1.79 EPS for the current fiscal year.

Tesla Company Profile

(Free report)

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 Power Generation and Storage. The Auto segment offers electric vehicles as well as sells auto regulatory credits; and non-warranty aftermarket vehicles, used vehicles, body and parts, supercharging, retail merchandise and vehicle insurance services.

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