149,805 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by Headlands Technologies LLC

Headlands Technologies LLC purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 149,805 shares of the electric vehicle producer’s stock, valued at approximately $29,643,000. Tesla accounts for approximately 3.1% of Headlands Technologies LLC’s holdings, making the stock its 4th largest holding.

A number of other large investors have also added to or reduced their stakes in the company. Coldstream Capital Management Inc. grew its holdings in Tesla by 0.6% in the second quarter. Coldstream Capital Management Inc. now owns 54,655 shares of the electric vehicle producer’s stock worth $10,815,000 after purchasing an additional 312 shares during the period. Vantage Financial Partners LLC boosted its holdings in Tesla by 45.9% in the second quarter. Vantage Financial Partners LLC now owns 6,664 shares of the electric vehicle producer’s stock worth $1,319,000 after acquiring an additional 2,098 shares in the last quarter. Malaga Cove Capital LLC grew its stake in shares of Tesla by 2.7% in the second quarter. Malaga Cove Capital LLC now owns 23,713 shares of the electric vehicle producer’s stock worth $4,692,000 after acquiring an additional 615 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its holdings in shares of Tesla by 10.0% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 2,614 shares of the electric vehicle producer’s stock valued at $517,000 after acquiring an additional 237 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Tesla by 24.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 1,315,960 shares of the electric vehicle producer’s stock worth $260,402,000 after purchasing an additional 256,594 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on TSLA shares. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a report on Tuesday, July 9th. Piper Sandler reaffirmed an “overweight” rating and set a $300.00 price target on shares of Tesla in a report on Monday, August 19th. Sanford C. Bernstein reissued an “underperform” rating and issued a $120.00 target price on shares of Tesla in a research report on Monday, June 10th. UBS Group cut Tesla from a “neutral” rating to a “sell” rating and increased their price target for the company from $147.00 to $197.00 in a report on Friday, July 12th. Finally, New Street Research downgraded shares of Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price target on the stock. in a research report on Wednesday, July 24th. Nine research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $209.03.

Tesla Stock Up 3.3 %

Shares of TSLA stock traded up $7.11 during mid-day trading on Tuesday, hitting $223.38. The stock had a trading volume of 10,791,843 shares, compared to its average volume of 96,857,367. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $278.98. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40. The firm’s 50-day moving average is $224.59 and its two-hundred day moving average is $193.72. The firm has a market capitalization of $713.62 billion, a P/E ratio of 55.17, a price-to-earnings-growth ratio of 5.57 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last issued its 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). Tesla had a return on equity of 10.41% and a net margin of 13.00%. The business had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. During the same quarter in the previous year, the company earned $0.78 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. On average, analysts predict that Tesla, Inc. will post 1.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the transaction, the senior vice president now directly owns 67,491 shares in the company, valued at $14,967,479.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the sale, the senior vice president now owns 67,491 shares in the company, valued at approximately $14,967,479.07. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 85,000 shares in the company, valued at $18,696,600. The disclosure for this sale can be found here. 25.10% of the stock is currently owned by company insiders.

About Tesla

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.