779 Shares in Tesla, Inc. $TSLA Acquired by Stephenson & Company Inc.

Stephenson & Company Inc. bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 779 shares of the electric vehicle producer’s stock, valued at approximately $247,000.

Other institutional investors have also added to or reduced their stakes in the company. LGT Financial Advisors LLC bought a new position in Tesla in the 2nd quarter worth $29,000. Chelsea Counsel Co. grew its holdings in 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 purchasing an additional 40 shares during the period. Evergreen Private Wealth LLC increased its position in Tesla by 270.0% in the second quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock worth $35,000 after buying an additional 81 shares in the last quarter. Glynn Capital Management LLC bought a new position in shares of Tesla in the second quarter worth about $35,000. Finally, Maseco LLP purchased a new position in shares of Tesla during the 2nd quarter valued at about $39,000. 66.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Tesla news, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction that occurred 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 sale, the director 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 is available through the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the company’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 value 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. This trade represents a 29.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 202,606 shares of company stock worth $75,588,902. Corporate insiders own 19.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TSLA shares. Guggenheim reissued a “sell” rating and issued a $175.00 target price on shares of Tesla in a report on Wednesday, July 23rd. China Renaissance lifted their price target on shares of Tesla from $349.00 to $380.00 and gave the company a “hold” rating in a report on Friday, October 24th. Melius Research set a $520.00 price objective on shares of Tesla and gave the stock a “buy” rating in a research note on Monday, October 13th. Wall Street Zen upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Evercore ISI lifted their target price on shares of Tesla from $235.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have given a Hold rating and ten have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $393.61.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $401.99 on Friday. The firm has a market cap of $1.34 trillion, a price-to-earnings ratio of 267.99, a P/E/G ratio of 16.84 and a beta of 2.06. The firm has a fifty day moving average price of $428.60 and a 200 day moving average price of $359.48. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $488.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business had revenue of $28.10 billion for the quarter, compared to analysts’ expectations of $24.98 billion. During the same quarter in the previous year, the company earned $0.72 EPS. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. As a group, sell-side analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.