Seaview Investment Managers LLC Increases Stock Holdings in Tesla, Inc. $TSLA

Seaview Investment Managers LLC increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 191.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,336 shares of the electric vehicle producer’s stock after acquiring an additional 1,535 shares during the quarter. Seaview Investment Managers LLC’s holdings in Tesla were worth $742,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LGT Financial Advisors LLC acquired a new position in shares of Tesla during the 2nd quarter worth about $29,000. Chelsea Counsel Co. raised its holdings in shares of 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 acquiring an additional 40 shares during the last quarter. Evergreen Private Wealth LLC raised its holdings 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 valued at $35,000 after acquiring an additional 81 shares during the last quarter. Glynn Capital Management LLC purchased a new position in shares of Tesla in the second quarter valued at approximately $35,000. Finally, LSV Asset Management boosted its stake in shares of Tesla by 400.0% in the second quarter. LSV Asset Management now owns 120 shares of the electric vehicle producer’s stock worth $38,000 after acquiring an additional 96 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Up 0.1%

TSLA stock opened at $455.00 on Friday. Tesla, Inc. has a one year low of $214.25 and a one year high of $488.54. The firm has a market cap of $1.51 trillion, a PE ratio of 303.33, a PEG ratio of 15.36 and a beta of 1.87. The firm’s 50 day moving average price is $434.93 and its 200-day moving average price is $372.41. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07.

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

Insider Activity at Tesla

In related news, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $422.68, for a total value of $25,360,800.00. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $3,473,057.28. This trade represents a 20.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 82,606 shares of company stock worth $33,554,102. Company insiders own 19.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TSLA. New Street Research increased their price objective on Tesla from $465.00 to $520.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Tesla in a research report on Thursday, October 23rd. China Renaissance upped their price objective on shares of Tesla from $349.00 to $380.00 and gave the company a “hold” rating in a research note on Friday, October 24th. Wall Street Zen raised shares of Tesla from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, UBS Group restated a “sell” rating on shares of Tesla in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have assigned a Hold rating and nine have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $398.92.

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.