Johnson Investment Counsel Inc. Increases Position in Tesla, Inc. (NASDAQ:TSLA)

Johnson Investment Counsel Inc. grew its stake in Tesla, Inc. (NASDAQ:TSLA) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,000 shares of the electric vehicle producer’s stock after acquiring an additional 197 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Tesla were worth $27,703,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. DDFG Inc grew its stake in Tesla by 7.1% during the 4th quarter. DDFG Inc now owns 1,065 shares of the electric vehicle producer’s stock worth $265,000 after buying an additional 71 shares during the last quarter. Vantage Financial Partners LLC grew its stake in Tesla by 6.4% during the 4th quarter. Vantage Financial Partners LLC now owns 5,763 shares of the electric vehicle producer’s stock worth $1,432,000 after buying an additional 346 shares during the last quarter. Gilbert & Cook Inc. grew its stake in Tesla by 8.7% during the 4th quarter. Gilbert & Cook Inc. now owns 13,511 shares of the electric vehicle producer’s stock worth $3,357,000 after buying an additional 1,086 shares during the last quarter. 9258 Wealth Management LLC grew its stake in Tesla by 1.1% during the 4th quarter. 9258 Wealth Management LLC now owns 6,165 shares of the electric vehicle producer’s stock worth $1,532,000 after buying an additional 69 shares during the last quarter. Finally, Rollins Financial grew its stake in Tesla by 10.2% during the 4th quarter. Rollins Financial now owns 120,416 shares of the electric vehicle producer’s stock worth $29,921,000 after buying an additional 11,191 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Price Performance

NASDAQ:TSLA opened at $228.13 on Thursday. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $278.98. The stock has a 50 day moving average of $224.13 and a two-hundred day moving average of $194.20. The company has a current ratio of 1.91, a quick ratio of 1.40 and a debt-to-equity ratio of 0.08. The firm has a market cap of $728.79 billion, a P/E ratio of 58.20, a price-to-earnings-growth ratio of 5.57 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 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 firm had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter last year, the firm posted $0.78 earnings per share. Tesla’s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts expect that Tesla, Inc. will post 1.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TSLA shares. Glj Research reaffirmed a “sell” rating and set a $24.86 price target on shares of Tesla in a research report on Thursday, September 5th. KGI Securities reaffirmed a “neutral” rating and set a $236.00 price target on shares of Tesla in a research report on Thursday, July 25th. Barclays lowered their price target on Tesla from $225.00 to $220.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Guggenheim reaffirmed a “sell” rating and set a $134.00 price target on shares of Tesla in a research report on Tuesday, July 23rd. Finally, UBS Group cut Tesla from a “neutral” rating to a “sell” rating and lifted their price target for the stock from $147.00 to $197.00 in a research report on Friday, July 12th. Nine equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $209.03.

Insiders Place Their Bets

In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 85,000 shares in the company, valued at approximately $18,696,600. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction that occurred on 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 directly owns 85,000 shares in the company, valued at $18,696,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 67,491 shares of the company’s stock, valued at $14,967,479.07. The disclosure for this sale can be found here. 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.