Tesla, Inc. $TSLA Shares Acquired by Rogco LP

Rogco LP lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 14.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,937 shares of the electric vehicle producer’s stock after acquiring an additional 379 shares during the quarter. Rogco LP’s holdings in Tesla were worth $933,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TSLA. KWB Wealth boosted its stake in shares of Tesla by 2.4% during the 2nd quarter. KWB Wealth now owns 1,381 shares of the electric vehicle producer’s stock valued at $439,000 after buying an additional 33 shares during the period. Conrad Siegel Investment Advisors Inc. boosted its stake in shares of Tesla by 3.6% during the 2nd quarter. Conrad Siegel Investment Advisors Inc. now owns 976 shares of the electric vehicle producer’s stock valued at $310,000 after buying an additional 34 shares during the period. Guyasuta Investment Advisors Inc. boosted its stake in shares of Tesla by 0.7% during the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 5,107 shares of the electric vehicle producer’s stock valued at $1,622,000 after buying an additional 34 shares during the period. Kelly Financial Services LLC boosted its stake in shares of Tesla by 2.7% during the 2nd quarter. Kelly Financial Services LLC now owns 1,331 shares of the electric vehicle producer’s stock valued at $423,000 after buying an additional 35 shares during the period. Finally, Acorn Wealth Advisors LLC boosted its stake in shares of Tesla by 1.9% during the 1st quarter. Acorn Wealth Advisors LLC now owns 1,901 shares of the electric vehicle producer’s stock valued at $493,000 after buying an additional 36 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TSLA shares. Robert W. Baird raised shares of Tesla from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $320.00 to $548.00 in a research note on Friday, September 19th. Royal Bank Of Canada restated a “buy” rating on shares of Tesla in a report on Friday, September 26th. Wedbush raised their price target on shares of Tesla from $500.00 to $600.00 and gave the company an “outperform” rating in a report on Friday, September 26th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Tesla from $345.00 to $435.00 and gave the company a “buy” rating in a report on Friday, September 26th. Finally, Morgan Stanley restated an “overweight” rating and set a $410.00 price target on shares of Tesla in a report on Friday, September 5th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twelve have given a Hold rating and nine have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $337.15.

Insider Transactions at Tesla

In other news, Director James R. Murdoch sold 120,000 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the transaction, the director owned 697,031 shares in the company, valued at approximately $244,162,988.99. The trade was a 14.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the business’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $292.89, for a total transaction of $1,171,560.00. Following the transaction, the chief financial officer owned 5,924 shares in the company, valued at approximately $1,735,080.36. The trade was a 40.31% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 208,606 shares of company stock worth $77,360,462. 19.90% of the stock is currently owned by company insiders.

Tesla Stock Performance

Shares of TSLA opened at $459.46 on Thursday. The company has a market capitalization of $1.53 trillion, a PE ratio of 265.58, a price-to-earnings-growth ratio of 15.46 and a beta of 2.08. Tesla, Inc. has a one year low of $212.11 and a one year high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. The company’s fifty day moving average price is $359.13 and its 200 day moving average price is $318.62.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). Tesla had a return on equity of 7.98% and a net margin of 6.54%.The company had revenue of $22.50 billion during the quarter, compared to analyst estimates of $23.18 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. The business’s revenue for the quarter was down 11.8% on a year-over-year basis. As a group, analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

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.