Level Four Advisory Services LLC Acquires 4,784 Shares of Tesla, Inc. $TSLA

Level Four Advisory Services LLC raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 21.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,531 shares of the electric vehicle producer’s stock after buying an additional 4,784 shares during the period. Level Four Advisory Services LLC’s holdings in Tesla were worth $8,745,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Patrick M Sweeney & Associates Inc. grew its position in shares of Tesla by 3.7% during the 2nd quarter. Patrick M Sweeney & Associates Inc. now owns 1,802 shares of the electric vehicle producer’s stock valued at $568,000 after acquiring an additional 64 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Tesla by 6.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 284,641 shares of the electric vehicle producer’s stock valued at $90,419,000 after purchasing an additional 17,353 shares in the last quarter. Corsair Capital Management L.P. bought a new stake in Tesla during the second quarter valued at about $679,000. State Board of Administration of Florida Retirement System increased its position in Tesla by 1.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 2,733,662 shares of the electric vehicle producer’s stock worth $868,375,000 after buying an additional 40,206 shares in the last quarter. Finally, Johnson Financial Group Inc. raised its stake in shares of Tesla by 60.2% in the second quarter. Johnson Financial Group Inc. now owns 3,394 shares of the electric vehicle producer’s stock worth $1,078,000 after buying an additional 1,276 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Performance

TSLA opened at $426.58 on Friday. The stock has a market capitalization of $1.42 trillion, a price-to-earnings ratio of 284.39, a PEG ratio of 16.84 and a beta of 2.06. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $488.54. 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 company has a fifty day moving average of $433.87 and a 200 day moving average of $368.17.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The business’s revenue was up 11.6% on a year-over-year basis. As a group, sell-side analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the sale, the chief financial officer owned 9,856 shares of the company’s stock, valued at $3,473,057.28. The trade was a 20.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction that occurred on 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 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 sold 82,606 shares of company stock worth $33,554,102 in the last quarter. 19.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TSLA shares. Cowen reiterated a “buy” rating on shares of Tesla in a research note on Monday, November 17th. Glj Research reiterated a “sell” rating on shares of Tesla in a research report on Wednesday, October 22nd. BNP Paribas Exane began coverage on shares of Tesla in a research report on Thursday, October 16th. They set an “underperform” rating and a $307.00 price objective on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Tesla in a report on Thursday, October 23rd. Finally, TD Cowen increased their price target on Tesla from $374.00 to $509.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have given a Hold rating and ten have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $394.03.

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.