Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Private Ocean LLC

Private Ocean LLC raised its holdings in Tesla, Inc. (NASDAQ:TSLA) by 8.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 678 shares of the electric vehicle producer’s stock after purchasing an additional 51 shares during the quarter. Private Ocean LLC’s holdings in Tesla were worth $134,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Hixon Zuercher LLC increased its stake in shares of Tesla by 13.7% during the second quarter. Hixon Zuercher LLC now owns 9,432 shares of the electric vehicle producer’s stock worth $1,866,000 after acquiring an additional 1,133 shares during the period. Klingman & Associates LLC increased its stake in shares of Tesla by 7.8% during the second quarter. Klingman & Associates LLC now owns 4,030 shares of the electric vehicle producer’s stock worth $797,000 after acquiring an additional 291 shares during the period. Rothschild Investment LLC acquired a new position in shares of Tesla during the second quarter worth about $2,092,000. United Capital Management of KS Inc. increased its stake in shares of Tesla by 15.7% during the second quarter. United Capital Management of KS Inc. now owns 85,070 shares of the electric vehicle producer’s stock worth $16,834,000 after acquiring an additional 11,556 shares during the period. Finally, Sabal Trust CO acquired a new position in shares of Tesla during the second quarter worth about $219,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tesla

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

Tesla Stock Performance

Shares of TSLA stock opened at $214.11 on Friday. Tesla, Inc. has a one year low of $138.80 and a one year high of $278.98. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91. The company has a 50 day moving average price of $222.00 and a 200 day moving average price of $192.88. The firm has a market capitalization of $684.00 billion, a price-to-earnings ratio of 54.62, a price-to-earnings-growth ratio of 5.55 and a beta of 2.31.

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

Analyst Ratings Changes

A number of analysts recently commented on TSLA shares. Mizuho boosted their price objective on shares of Tesla from $180.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. Stifel Nicolaus started coverage on shares of Tesla in a report on Tuesday, June 25th. They set a “buy” rating and a $265.00 price objective on the stock. Citigroup decreased their price objective on shares of Tesla from $274.00 to $258.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. New Street Research downgraded shares of Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price objective on the stock. in a report on Wednesday, July 24th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Tesla in a report on Wednesday, July 24th. Nine 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’s stock. According to data from MarketBeat.com, the stock currently 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.