Private Capital Advisors Inc. Increases Position in Tesla, Inc. $TSLA

Private Capital Advisors Inc. lifted its position in Tesla, Inc. (NASDAQ:TSLA) by 3.4% in the second quarter, HoldingsChannel.com reports. The firm owned 3,120 shares of the electric vehicle producer’s stock after purchasing an additional 102 shares during the quarter. Private Capital Advisors Inc.’s holdings in Tesla were worth $991,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Arcadia Investment Management Corp MI bought a new position in shares of Tesla during the first quarter worth $27,000. Chelsea Counsel Co. boosted its position 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 worth $28,000 after acquiring an additional 40 shares during the last quarter. Centennial Bank AR boosted its position in shares of Tesla by 833.3% during the first quarter. Centennial Bank AR now owns 112 shares of the electric vehicle producer’s stock worth $29,000 after acquiring an additional 100 shares during the last quarter. LGT Financial Advisors LLC bought a new position in shares of Tesla during the second quarter worth $29,000. Finally, Compass Wealth Management LLC boosted its position in shares of Tesla by 360.0% during the first quarter. Compass Wealth Management LLC now owns 115 shares of the electric vehicle producer’s stock worth $30,000 after acquiring an additional 90 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TSLA shares. William Blair restated a “market perform” rating on shares of Tesla in a research report on Friday, September 5th. Evercore ISI increased their price objective on shares of Tesla from $235.00 to $300.00 and gave the company an “in-line” rating in a research report on Monday, October 13th. Canaccord Genuity Group increased their price objective on shares of Tesla from $333.00 to $490.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Royal Bank Of Canada increased their price objective on shares of Tesla from $325.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Finally, Glj Research reiterated a “sell” rating on shares of Tesla in a research report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have assigned a Hold rating and ten have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $363.54.

Insider Activity

In other news, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the sale, the senior vice president owned 47,600 shares of the company’s stock, valued at approximately $17,314,500. This represents a 29.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James R. Murdoch sold 60,000 shares of the stock in a transaction 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 202,606 shares of company stock valued at $75,588,902. 19.90% of the stock is currently owned by company insiders.

Tesla Trading Down 1.1%

Shares of TSLA opened at $442.60 on Wednesday. Tesla, Inc. has a twelve month low of $212.11 and a twelve month high of $488.54. The company has a market cap of $1.47 trillion, a P/E ratio of 255.84, a P/E/G ratio of 16.08 and a beta of 2.08. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. The company’s fifty day simple moving average is $391.74 and its 200-day simple moving average is $336.26.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $23.18 billion. During the same period in the prior year, the company posted $0.52 EPS. The company’s revenue was down 11.8% compared to the same quarter last year. As a group, analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

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.