2,034 Shares in Tesla, Inc. $TSLA Bought by TT Capital Management LLC

TT Capital Management LLC acquired a new stake in Tesla, Inc. (NASDAQ:TSLA) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 2,034 shares of the electric vehicle producer’s stock, valued at approximately $618,000.

A number of other large investors have also recently added to or reduced their stakes in TSLA. Chapman Financial Group LLC acquired a new position in shares of Tesla during the second quarter worth about $26,000. Chelsea Counsel Co. lifted its stake in Tesla by 59.7% in the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock valued at $28,000 after acquiring an additional 40 shares in the last quarter. LGT Financial Advisors LLC bought a new position in shares of Tesla during the 2nd quarter worth approximately $29,000. CoreFirst Bank & Trust acquired a new stake in shares of Tesla in the second quarter valued at approximately $30,000. Finally, ESL Trust Services LLC lifted its position in shares of Tesla by 1,900.0% in the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 2.7%

TSLA stock opened at $458.96 on Monday. Tesla, Inc. has a 1-year low of $214.25 and a 1-year high of $488.54. The business’s 50 day simple moving average is $435.52 and its 200 day simple moving average is $376.42. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $1.53 trillion, a PE ratio of 305.97, a PEG ratio of 15.50 and a beta of 1.87.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TSLA shares. Cantor Fitzgerald set a $510.00 price objective on Tesla and gave the company an “overweight” rating in a report on Thursday, October 23rd. Mizuho set a $475.00 price target on Tesla and gave the company an “outperform” rating in a research report on Tuesday, November 25th. JPMorgan Chase & Co. boosted their price target on Tesla from $115.00 to $150.00 in a research report on Friday, October 3rd. Industrial Alliance Securities set a $300.00 price objective on Tesla in a research note on Monday, October 13th. Finally, Morgan Stanley set a $425.00 target price on shares of Tesla and gave the company an “equal weight” rating in a research note on Sunday, December 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have assigned a Hold rating and nine have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $399.33.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 2,637 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the transaction, the chief financial officer owned 13,757 shares of the company’s stock, valued at approximately $6,107,145.01. This represents a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kimbal Musk sold 56,820 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total value of $25,606,501.20. Following the transaction, the director owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. This trade represents a 3.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 19.90% of the stock is currently owned by corporate insiders.

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.