Huntleigh Advisors Inc. Has $2.23 Million Stake in Tesla, Inc. $TSLA

Huntleigh Advisors Inc. decreased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 2.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,029 shares of the electric vehicle producer’s stock after selling 205 shares during the quarter. Huntleigh Advisors Inc.’s holdings in Tesla were worth $2,233,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TSLA. Means Investment CO. Inc. raised its position in shares of Tesla by 37.7% in the 1st quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer’s stock valued at $5,984,000 after buying an additional 6,323 shares in the last quarter. Siren L.L.C. acquired a new position in shares of Tesla in the 1st quarter valued at approximately $2,332,000. Zuckerman Investment Group LLC raised its position in shares of Tesla by 6.9% in the 1st quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer’s stock valued at $3,304,000 after buying an additional 826 shares in the last quarter. Keystone Global Partners LLC acquired a new position in shares of Tesla in the 1st quarter valued at approximately $594,000. Finally, Strs Ohio acquired a new position in shares of Tesla in the 1st quarter valued at approximately $205,495,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Trading Up 2.5%

TSLA opened at $439.31 on Friday. Tesla, Inc. has a fifty-two week low of $212.11 and a fifty-two week high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. The firm has a market capitalization of $1.46 trillion, a price-to-earnings ratio of 253.94, a PEG ratio of 15.41 and a beta of 2.08. The company’s 50 day moving average price is $387.54 and its two-hundred day moving average price is $333.25.

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

Insiders Place Their Bets

In other Tesla news, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the sale, the director directly owned 637,031 shares of the company’s stock, valued at $269,260,263.08. The trade was a 8.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the sale, the senior vice president directly owned 47,600 shares in the company, valued at $17,314,500. The trade was a 29.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 202,606 shares of company stock valued at $75,588,902 in the last ninety days. 19.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TSLA. UBS Group set a $247.00 target price on shares of Tesla in a research report on Monday, October 6th. Baird R W upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Guggenheim reiterated a “sell” rating and set a $175.00 price objective on shares of Tesla in a research report on Wednesday, July 23rd. Evercore ISI upped their price objective on shares of Tesla from $235.00 to $300.00 and gave the stock an “in-line” rating in a research report on Monday, October 13th. Finally, Benchmark reiterated a “buy” rating and set a $475.00 price objective (up from $350.00) on shares of Tesla in a research report on Thursday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have issued a Hold rating and ten have issued a Sell rating to the company’s stock. According to data from MarketBeat, Tesla has a consensus rating of “Hold” and a consensus target price of $363.54.

Tesla 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.