Cahill Financial Advisors Inc. Purchases New Position in Tesla, Inc. $TSLA

Cahill Financial Advisors Inc. acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 699 shares of the electric vehicle producer’s stock, valued at approximately $222,000.

Several other large investors have also recently bought and sold shares of TSLA. Chelsea Counsel Co. increased its position in shares of Tesla by 59.7% in the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 40 shares in the last quarter. LGT Financial Advisors LLC bought a new stake in shares of Tesla in the second quarter worth about $29,000. Evergreen Private Wealth LLC increased its holdings in shares of Tesla by 270.0% in the second quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock worth $35,000 after acquiring an additional 81 shares in the last quarter. Graybill Wealth Management LTD. acquired a new stake in shares of Tesla during the first quarter worth about $36,000. Finally, Pacific Center for Financial Services lifted its holdings in shares of Tesla by 44.7% during the 1st quarter. Pacific Center for Financial Services now owns 149 shares of the electric vehicle producer’s stock valued at $39,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of research reports. Barclays restated a “negative” rating and set a $350.00 target price (up from $275.00) on shares of Tesla in a report on Thursday, October 16th. HSBC raised their price objective on shares of Tesla from $120.00 to $127.00 in a report on Monday, September 29th. UBS Group reaffirmed a “sell” rating on shares of Tesla in a research note on Friday. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Thursday, October 23rd. Finally, TD Cowen boosted their price target on Tesla from $374.00 to $509.00 and gave the company a “buy” rating in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have assigned a Hold rating and eleven have given a Sell rating to the stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus target price of $391.08.

Insider Transactions at Tesla

In other news, Director James R. Murdoch sold 60,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the director owned 637,031 shares of the company’s stock, valued at approximately $269,260,263.08. This represents a 8.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the transaction, the senior vice president directly owned 47,600 shares of the company’s stock, valued at $17,314,500. This represents a 29.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 202,606 shares of company stock worth $75,588,902 in the last 90 days. Corporate insiders own 19.90% of the company’s stock.

Tesla Trading Up 3.7%

Tesla stock opened at $445.23 on Tuesday. The company has a market cap of $1.48 trillion, a price-to-earnings ratio of 296.82, a P/E/G ratio of 16.84 and a beta of 2.06. The firm has a 50-day moving average of $423.19 and a 200-day moving average of $357.59. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. Tesla, Inc. has a one year low of $214.25 and a one year high of $488.54.

Tesla (NASDAQ:TSLA) last released 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. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business had revenue of $28.10 billion for the quarter, compared to the consensus estimate of $24.98 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. Tesla’s quarterly revenue was up 11.6% on a year-over-year basis. On average, equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

About Tesla

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.