Eubel Brady & Suttman Asset Management Inc. Acquires New Stake in Tesla, Inc. $TSLA

Eubel Brady & Suttman Asset Management Inc. acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 731 shares of the electric vehicle producer’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arcadia Investment Management Corp MI bought a new stake in Tesla during the 1st quarter valued at $27,000. Chelsea Counsel Co. raised its position in Tesla by 59.7% during the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 40 shares in the last quarter. Centennial Bank AR raised its position in Tesla by 833.3% during the 1st quarter. Centennial Bank AR now owns 112 shares of the electric vehicle producer’s stock valued at $29,000 after purchasing an additional 100 shares in the last quarter. LGT Financial Advisors LLC bought a new stake in Tesla during the 2nd quarter valued at $29,000. Finally, Compass Wealth Management LLC raised its position in Tesla by 360.0% during the 1st quarter. Compass Wealth Management LLC now owns 115 shares of the electric vehicle producer’s stock valued at $30,000 after purchasing an additional 90 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the transaction, the senior vice president directly owned 47,600 shares of the company’s stock, valued at approximately $17,314,500. This represents a 29.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of the transaction, the chief financial officer directly owned 9,856 shares in the company, valued at $3,473,057.28. This represents a 20.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 202,606 shares of company stock valued at $75,588,902. Company insiders own 19.90% of the company’s stock.

Tesla Trading Up 1.8%

Shares of NASDAQ:TSLA opened at $460.55 on Wednesday. The business’s 50-day moving average is $403.03 and its 200 day moving average is $343.93. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $488.54. The firm has a market capitalization of $1.53 trillion, a P/E ratio of 307.03, a P/E/G ratio of 16.51 and a beta of 2.08. 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 (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The company’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.72 earnings per share. On average, research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of analyst reports. Stifel Nicolaus set a $483.00 price objective on Tesla and gave the stock a “buy” rating in a research note on Wednesday, October 8th. TD Cowen upped their price objective on Tesla from $374.00 to $509.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Baird R W upgraded Tesla from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Truist Financial upped their price objective on Tesla from $280.00 to $406.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. Finally, Barclays restated a “negative” rating and set a $350.00 price objective (up from $275.00) on shares of Tesla in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twelve have assigned a Hold rating and eleven have given a Sell rating to the company. According to MarketBeat, Tesla has a consensus rating of “Hold” and a consensus price target of $381.00.

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.