Fielder Capital Group LLC Makes New Investment in Tesla, Inc. (NASDAQ:TSLA)

Fielder Capital Group LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,011 shares of the electric vehicle producer’s stock, valued at approximately $200,000.

Other institutional investors have also recently bought and sold shares of the company. Bank & Trust Co acquired a new stake in Tesla during the 2nd quarter worth about $25,000. OLD Point Trust & Financial Services N A acquired a new stake in shares of Tesla during the 4th quarter valued at about $37,000. Kessler Investment Group LLC lifted its holdings in shares of Tesla by 35.9% during the 2nd quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle producer’s stock valued at $38,000 after buying an additional 51 shares during the last quarter. Aspect Partners LLC lifted its holdings in shares of Tesla by 121.3% during the 2nd quarter. Aspect Partners LLC now owns 208 shares of the electric vehicle producer’s stock valued at $41,000 after buying an additional 114 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Tesla during the 2nd quarter valued at about $42,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tesla

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

Tesla Price Performance

NASDAQ:TSLA traded up $7.83 during trading hours on Friday, reaching $214.11. The company had a trading volume of 63,370,608 shares, compared to its average volume of 73,554,480. The stock has a 50-day moving average of $222.00 and a two-hundred day moving average of $192.88. Tesla, Inc. has a one year low of $138.80 and a one year high of $278.98. The firm has a market capitalization of $682.84 billion, a PE ratio of 54.62, a PEG ratio of 5.55 and a beta of 2.31. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last announced 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). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The company had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. During the same quarter last year, the company earned $0.78 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. Analysts forecast that Tesla, Inc. will post 1.79 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TSLA has been the subject of several research reports. Argus reiterated a “buy” rating and set a $286.00 price target on shares of Tesla in a report on Friday, July 26th. Truist Financial reissued a “hold” rating and issued a $215.00 price objective on shares of Tesla in a research note on Wednesday, August 14th. HSBC raised their price objective on Tesla from $120.00 to $130.00 in a research note on Wednesday, July 10th. The Goldman Sachs Group cut their price objective on Tesla from $248.00 to $230.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Wednesday, July 24th. Nine investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Tesla presently has a consensus rating of “Hold” and an average price target of $204.21.

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.