Apollon Financial LLC Raises Holdings in Tesla, Inc. $TSLA

Apollon Financial LLC increased its position in Tesla, Inc. (NASDAQ:TSLA) by 5.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,702 shares of the electric vehicle producer’s stock after buying an additional 90 shares during the period. Apollon Financial LLC’s holdings in Tesla were worth $541,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in TSLA. Brighton Jones LLC raised its position in shares of Tesla by 11.8% in the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after buying an additional 9,293 shares during the period. Revolve Wealth Partners LLC increased its holdings in Tesla by 21.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after purchasing an additional 931 shares in the last quarter. Bison Wealth LLC increased its holdings in Tesla by 52.2% in the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock valued at $4,187,000 after purchasing an additional 3,558 shares in the last quarter. GAMMA Investing LLC increased its holdings in Tesla by 6.0% in the 1st quarter. GAMMA Investing LLC now owns 37,862 shares of the electric vehicle producer’s stock valued at $9,812,000 after purchasing an additional 2,153 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. increased its holdings in Tesla by 346.3% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 14,237 shares of the electric vehicle producer’s stock valued at $3,690,000 after purchasing an additional 11,047 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Down 5.1%

Shares of Tesla stock opened at $413.49 on Monday. The business has a 50-day moving average of $375.97 and a 200-day moving average of $328.28. 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 company has a market capitalization of $1.37 trillion, a PE ratio of 239.01, a P/E/G ratio of 14.92 and a beta of 2.08. Tesla, Inc. has a 1-year low of $212.11 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). Tesla had a return on equity of 7.98% and a net margin of 6.54%.The company 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 business posted $0.52 EPS. The business’s revenue for the quarter was down 11.8% on a year-over-year basis. As a group, equities analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Transactions at Tesla

In other news, Director James R. Murdoch sold 120,000 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the transaction, the director 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction dated 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 transaction, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 202,606 shares of company stock valued at $75,588,902. Insiders own 19.90% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on TSLA shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Tesla in a report on Wednesday, October 8th. Wedbush increased their price target on Tesla from $500.00 to $600.00 and gave the company an “outperform” rating in a report on Friday, September 26th. Benchmark reiterated a “buy” rating and issued a $475.00 price target (up from $350.00) on shares of Tesla in a report on Thursday, June 26th. Stifel Nicolaus set a $483.00 price target on Tesla and gave the company a “buy” rating in a report on Wednesday. Finally, Daiwa Capital Markets reiterated a “neutral” rating on shares of Tesla in a report on Sunday, July 27th. Two 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and an average target price of $354.67.

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.