Realta Investment Advisors Has $5.37 Million Stake in Tesla, Inc. $TSLA

Realta Investment Advisors grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.0% during the second quarter, Holdings Channel reports. The institutional investor owned 16,889 shares of the electric vehicle producer’s stock after purchasing an additional 333 shares during the quarter. Tesla comprises 2.1% of Realta Investment Advisors’ portfolio, making the stock its 7th biggest holding. Realta Investment Advisors’ holdings in Tesla were worth $5,365,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TSLA. Cherry Tree Wealth Management LLC raised its stake in shares of Tesla by 86.3% during the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer’s stock valued at $25,000 after acquiring an additional 44 shares during the last quarter. First PREMIER Bank increased its holdings in Tesla by 79.2% during the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer’s stock valued at $25,000 after purchasing an additional 42 shares during the period. Arcadia Investment Management Corp MI bought a new position in Tesla during the 1st quarter valued at approximately $27,000. Newton One Investments LLC grew its position in shares of Tesla by 250.0% in the 1st quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer’s stock worth $27,000 after buying an additional 75 shares during the last quarter. Finally, Chelsea Counsel Co. increased its stake in shares of Tesla by 59.7% during the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 40 shares during the period. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Down 1.4%

Tesla stock opened at $429.83 on Monday. Tesla, Inc. has a one year low of $212.11 and a one year high of $488.54. The stock has a fifty day moving average of $364.02 and a 200 day moving average of $322.58. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. The stock has a market cap of $1.43 trillion, a PE ratio of 248.46, a price-to-earnings-growth ratio of 14.93 and a beta of 2.08.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). Tesla had a net margin of 6.54% and a return on equity of 7.98%. The firm had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $23.18 billion. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year. As a group, sell-side analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Buying and Selling at Tesla

In other news, SVP Xiaotong Zhu sold 20,000 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of the sale, the senior vice president directly owned 47,600 shares in the company, valued at $17,314,500. This represents a 29.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James R. Murdoch sold 60,000 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $422.68, for a total value of $25,360,800.00. Following the completion of the transaction, the director directly owned 637,031 shares in the company, valued at approximately $269,260,263.08. This represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 204,606 shares of company stock valued at $76,188,902. Insiders own 19.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on TSLA shares. Deutsche Bank Aktiengesellschaft raised their price target on Tesla from $345.00 to $435.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. HSBC lifted their target price on shares of Tesla from $120.00 to $127.00 in a research note on Monday, September 29th. The Goldman Sachs Group increased their price target on shares of Tesla from $395.00 to $425.00 and gave the stock a “neutral” rating in a research note on Friday. Robert W. Baird raised Tesla from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $320.00 to $548.00 in a research report on Friday, September 19th. Finally, Daiwa Capital Markets restated a “neutral” rating on shares of Tesla in a research report on Sunday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, thirteen have given a Hold rating and eight have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $343.43.

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.