KCM Investment Advisors LLC Has $3.86 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

KCM Investment Advisors LLC lessened its stake in Tesla, Inc. (NASDAQ:TSLA) by 4.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,498 shares of the electric vehicle producer’s stock after selling 910 shares during the quarter. KCM Investment Advisors LLC’s holdings in Tesla were worth $3,858,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bank & Trust Co bought a new position in Tesla during the 2nd quarter worth about $25,000. OLD Point Trust & Financial Services N A bought a new position in shares of Tesla during the fourth quarter worth about $37,000. Guardian Wealth Management Inc. acquired a new stake in Tesla in the 4th quarter valued at approximately $47,000. Kessler Investment Group LLC lifted its stake in Tesla by 35.9% in the 2nd quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle producer’s stock valued at $38,000 after acquiring an additional 51 shares in the last quarter. Finally, A.P. Gilfoyle & Co. L.P. acquired a new position in Tesla during the 4th quarter worth approximately $50,000. Institutional investors own 66.20% of the company’s stock.

Insider Activity

In other news, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the transaction, the senior vice president now directly owns 65,155 shares in the company, valued at approximately $11,350,652.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Robyn M. Denholm sold 66,364 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $219.96, for a total value of $14,597,425.44. Following the completion of the sale, the director now owns 85,000 shares of the company’s stock, valued at $18,696,600. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The disclosure for this sale can be found here. Corporate insiders own 25.10% of the company’s stock.

Tesla Price Performance

TSLA traded up $7.83 on Friday, hitting $214.11. 63,248,589 shares of the stock were exchanged, compared to its average volume of 97,535,023. The firm has a market capitalization of $684.00 billion, a price-to-earnings ratio of 54.62, a PEG ratio of 5.52 and a beta of 2.31. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $278.98. The business has a 50-day moving average of $221.38 and a two-hundred day moving average of $192.64.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The firm had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. Tesla had a return on equity of 10.41% and a net margin of 13.00%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. Sell-side analysts forecast that Tesla, Inc. will post 1.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TSLA shares. UBS Group lowered shares of Tesla from a “neutral” rating to a “sell” rating and boosted their price objective for the stock from $147.00 to $197.00 in a research report on Friday, July 12th. Argus restated a “buy” rating and set a $286.00 price objective on shares of Tesla in a research note on Friday, July 26th. Citigroup lowered their target price on Tesla from $274.00 to $258.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Roth Mkm reissued a “neutral” rating and set a $85.00 price target on shares of Tesla in a research report on Wednesday, July 24th. Finally, Wedbush reiterated an “outperform” rating and set a $300.00 price objective on shares of Tesla in a research note on Wednesday, July 24th. Nine equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Tesla has an average rating of “Hold” and a consensus target price of $204.21.

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.