Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. lowered its stake in Tesla, Inc. (NASDAQ:TSLA) by 35.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,509 shares of the electric vehicle producer’s stock after selling 818 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Tesla were worth $299,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Bank & Trust Co purchased a new stake in shares of Tesla during the second quarter valued at $25,000. Valley Wealth Managers Inc. acquired a new stake in Tesla during the 2nd quarter worth about $26,000. OLD Point Trust & Financial Services N A purchased a new stake in Tesla during the fourth quarter valued at about $37,000. Kessler Investment Group LLC boosted its holdings in shares of Tesla by 35.9% in the second quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle producer’s stock worth $38,000 after buying an additional 51 shares during the period. Finally, Aspect Partners LLC increased its position in shares of Tesla by 121.3% in the second quarter. Aspect Partners LLC now owns 208 shares of the electric vehicle producer’s stock worth $41,000 after acquiring an additional 114 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Insider Transactions at Tesla

In related news, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction 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 directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Robyn M. Denholm sold 66,364 shares of Tesla 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 sale, the director now owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the transaction, the senior vice president now owns 67,491 shares of the company’s stock, valued at $14,967,479.07. The disclosure for this sale can be found here. 25.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on TSLA shares. Roth Mkm restated a “neutral” rating and issued a $85.00 price target on shares of Tesla in a research report on Wednesday, July 24th. William Blair started coverage on Tesla in a research report on Thursday, August 29th. They issued an “outperform” rating for the company. UBS Group lowered Tesla from a “neutral” rating to a “sell” rating and upped their price target for the company from $147.00 to $197.00 in a research report on Friday, July 12th. China Renaissance raised Tesla from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Friday, July 5th. Finally, Glj Research reaffirmed a “sell” rating and set a $24.86 target price on shares of Tesla in a research note on Thursday, September 5th. Nine analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $209.60.

Tesla Stock Down 1.5 %

TSLA stock opened at $226.78 on Tuesday. The stock has a market capitalization of $723.25 billion, a price-to-earnings ratio of 57.85, a price-to-earnings-growth ratio of 6.08 and a beta of 2.29. The company has a 50-day moving average of $222.85 and a two-hundred day moving average of $194.75. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $273.93. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40.

Tesla (NASDAQ:TSLA) last announced its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.10). The business had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. Tesla’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.78 EPS. As a group, equities research analysts anticipate that Tesla, Inc. will post 1.75 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.