1,733 Shares in Tesla, Inc. $TSLA Acquired by Blue Capital Inc.

Blue Capital Inc. acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 1,733 shares of the electric vehicle producer’s stock, valued at approximately $551,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TSLA. Chelsea Counsel Co. increased its position in shares of Tesla by 59.7% in the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock worth $28,000 after acquiring an additional 40 shares in the last quarter. LGT Financial Advisors LLC purchased a new stake in shares of Tesla during the second quarter worth about $29,000. CoreFirst Bank & Trust acquired a new position in shares of Tesla in the 2nd quarter valued at approximately $30,000. ESL Trust Services LLC raised its holdings in Tesla by 1,900.0% in the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock valued at $32,000 after acquiring an additional 95 shares in the last quarter. Finally, Evergreen Private Wealth LLC lifted its position in shares of Tesla by 270.0% during the second quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock worth $35,000 after purchasing an additional 81 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Up 2.7%

TSLA stock opened at $458.96 on Friday. The company has a market cap of $1.53 trillion, a price-to-earnings ratio of 305.97, a PEG ratio of 15.09 and a beta of 1.87. Tesla, Inc. has a 12-month low of $214.25 and a 12-month high of $488.54. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $435.52 and a two-hundred day moving average of $376.19.

Tesla (NASDAQ:TSLA) last posted its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $28.10 billion during the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The company’s revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 earnings per share. On average, equities analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $422.68, for a total value of $25,360,800.00. Following the transaction, the director directly owned 637,031 shares in the company, valued at approximately $269,260,263.08. The trade was a 8.61% 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, CFO Vaibhav Taneja sold 2,637 shares of Tesla stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the transaction, the chief financial officer directly owned 13,757 shares in the company, valued at approximately $6,107,145.01. This represents a 16.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 119,457 shares of company stock valued at $52,137,945 over the last 90 days. 19.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TSLA has been the topic of several research analyst reports. Evercore ISI raised their price objective on Tesla from $235.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. DZ Bank reiterated a “sell” rating on shares of Tesla in a research report on Thursday, October 23rd. Glj Research reiterated a “sell” rating on shares of Tesla in a research report on Wednesday, October 22nd. Robert W. Baird upgraded Tesla from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $320.00 to $548.00 in a research report on Friday, September 19th. Finally, President Capital boosted their target price on shares of Tesla from $373.00 to $529.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have issued a Hold rating and nine have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Tesla has a consensus rating of “Hold” and an average target price of $399.33.

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.