Koss Olinger Consulting LLC Boosts Stock Position in Tesla, Inc. $TSLA

Koss Olinger Consulting LLC increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 0.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 81,207 shares of the electric vehicle producer’s stock after buying an additional 121 shares during the quarter. Tesla makes up 2.1% of Koss Olinger Consulting LLC’s portfolio, making the stock its 12th biggest position. Koss Olinger Consulting LLC’s holdings in Tesla were worth $25,796,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brookwood Investment Group LLC grew its stake in shares of Tesla by 45.5% in the 2nd quarter. Brookwood Investment Group LLC now owns 14,467 shares of the electric vehicle producer’s stock worth $4,596,000 after buying an additional 4,521 shares during the last quarter. GoalVest Advisory LLC boosted its stake in Tesla by 1.2% during the 2nd quarter. GoalVest Advisory LLC now owns 15,107 shares of the electric vehicle producer’s stock valued at $4,799,000 after purchasing an additional 176 shares during the last quarter. First Command Advisory Services Inc. boosted its stake in Tesla by 31.5% during the 2nd quarter. First Command Advisory Services Inc. now owns 2,039 shares of the electric vehicle producer’s stock valued at $648,000 after purchasing an additional 489 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its stake in Tesla by 5.8% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 14,308 shares of the electric vehicle producer’s stock valued at $4,545,000 after purchasing an additional 784 shares during the last quarter. Finally, American Financial & Tax Strategies Inc. boosted its stake in Tesla by 15.5% during the 2nd quarter. American Financial & Tax Strategies Inc. now owns 1,641 shares of the electric vehicle producer’s stock valued at $521,000 after purchasing an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Down 3.4%

TSLA stock opened at $433.72 on Monday. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $488.54. The business’s 50-day moving average is $398.06 and its two-hundred day moving average is $341.21. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The company has a market cap of $1.44 trillion, a price-to-earnings ratio of 289.15, a P/E/G ratio of 15.45 and a beta of 2.08.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The company had revenue of $28.10 billion for the quarter, compared to analysts’ expectations of $24.98 billion. During the same period last year, the firm earned $0.72 EPS. Tesla’s revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on TSLA shares. Melius Research set a $520.00 target price on Tesla and gave the company a “buy” rating in a research note on Monday, October 13th. Bank of America increased their target price on Tesla from $305.00 to $341.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. JPMorgan Chase & Co. increased their target price on Tesla from $115.00 to $150.00 in a research note on Friday, October 3rd. Roth Capital set a $505.00 target price on Tesla and gave the company a “buy” rating in a research note on Thursday. Finally, Stifel Nicolaus set a $483.00 price target on Tesla and gave the stock a “buy” rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twelve have given a Hold rating and eleven have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $381.00.

Insider Buying and Selling

In related news, Director James R. Murdoch sold 120,000 shares of the firm’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total value of $42,034,800.00. Following the transaction, the director directly owned 697,031 shares of the company’s stock, valued at approximately $244,162,988.99. This trade represents a 14.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of the transaction, the chief financial officer directly owned 9,856 shares in the company, valued at approximately $3,473,057.28. This represents a 20.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 202,606 shares of company stock valued at $75,588,902. 19.90% of the stock is owned by company insiders.

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.