Horrell Capital Management Inc. Purchases 200 Shares of Tesla, Inc. $TSLA

Horrell Capital Management Inc. lifted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 253.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 279 shares of the electric vehicle producer’s stock after purchasing an additional 200 shares during the period. Horrell Capital Management Inc.’s holdings in Tesla were worth $89,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Chelsea Counsel Co. lifted its position in Tesla by 59.7% during the first 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. LGT Financial Advisors LLC purchased a new position in shares of Tesla during the 2nd quarter valued at about $29,000. Evergreen Private Wealth LLC grew its stake in shares of Tesla by 270.0% during the 2nd quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock valued at $35,000 after acquiring an additional 81 shares during the period. Glynn Capital Management LLC purchased a new stake in Tesla in the 2nd quarter worth approximately $35,000. Finally, Pacific Center for Financial Services raised its stake in Tesla by 44.7% during the 1st quarter. Pacific Center for Financial Services now owns 149 shares of the electric vehicle producer’s stock worth $39,000 after acquiring an additional 46 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Tesla Trading Down 2.1%

TSLA opened at $430.60 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The stock’s 50 day moving average price is $427.33 and its 200-day moving average price is $359.18. Tesla, Inc. has a one year low of $214.25 and a one year high of $488.54. The stock has a market cap of $1.43 trillion, a price-to-earnings ratio of 287.07, a P/E/G ratio of 16.84 and a beta of 2.06.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $28.10 billion during 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%.Tesla’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company earned $0.72 EPS. On average, equities analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Transactions at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 20,000 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were 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 in the company, valued at $17,314,500. This represents a 29.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the transaction, the chief financial officer directly owned 9,856 shares in the company, valued at approximately $3,473,057.28. This trade represents a 20.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 202,606 shares of company stock worth $75,588,902. Insiders own 19.90% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the topic of several recent analyst reports. HSBC raised their price objective on shares of Tesla from $120.00 to $127.00 in a research report on Monday, September 29th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a report on Thursday, October 23rd. DZ Bank reaffirmed a “sell” rating on shares of Tesla in a research note on Thursday, October 23rd. Barclays reissued a “negative” rating and set a $350.00 target price (up previously from $275.00) on shares of Tesla in a research note on Thursday, October 16th. Finally, Roth Capital set a $505.00 price target on Tesla and gave the stock a “buy” rating in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have assigned a Hold rating and ten have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Tesla currently has an average rating of “Hold” and a consensus target price of $391.08.

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.