Childress Capital Advisors LLC Has $1.37 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Childress Capital Advisors LLC lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 13.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,922 shares of the electric vehicle producer’s stock after buying an additional 825 shares during the quarter. Childress Capital Advisors LLC’s holdings in Tesla were worth $1,370,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. Bank & Trust Co bought a new stake in shares of Tesla in the 2nd quarter worth approximately $25,000. OLD Point Trust & Financial Services N A bought a new position in shares of Tesla in the fourth quarter valued at approximately $37,000. Guardian Wealth Management Inc. bought a new stake in Tesla during the fourth quarter valued at $47,000. Kessler Investment Group LLC increased its position in shares of Tesla by 35.9% in the second quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle producer’s stock worth $38,000 after purchasing an additional 51 shares during the last quarter. Finally, A.P. Gilfoyle & Co. L.P. purchased a new position in shares of Tesla during the 4th quarter valued at about $50,000. 66.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. China Renaissance raised shares of Tesla from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research note on Friday, July 5th. Citigroup dropped their target price 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. Wolfe Research started coverage on Tesla in a research note on Thursday. They issued a “peer perform” rating on the stock. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research report on Tuesday, July 9th. Finally, HSBC lifted their price target on shares of Tesla from $120.00 to $130.00 in a research note on Wednesday, July 10th. Nine research analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Tesla has a consensus rating of “Hold” and an average price target of $204.21.

Tesla Stock Up 4.9 %

Shares of Tesla stock opened at $230.17 on Friday. The stock has a market cap of $735.31 billion, a price-to-earnings ratio of 58.72, a price-to-earnings-growth ratio of 5.55 and a beta of 2.29. The company has a current ratio of 1.91, a quick ratio of 1.40 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $278.98. The company has a fifty day moving average price of $224.21 and a 200 day moving average price of $193.52.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results 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). The company had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.78 earnings per share. Equities research analysts forecast that Tesla, Inc. will post 1.79 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were 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 approximately $18,696,600. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 25.10% of the stock is owned by company insiders.

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.