2,486 Shares in Tesla, Inc. $TSLA Purchased by Better Money Decisions LLC

Better Money Decisions LLC bought a new stake in Tesla, Inc. (NASDAQ:TSLA) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 2,486 shares of the electric vehicle producer’s stock, valued at approximately $790,000.

Several other hedge funds have also made changes to their positions in the business. LGT Financial Advisors LLC purchased a new stake in Tesla during the 2nd quarter worth approximately $29,000. Chelsea Counsel Co. grew its stake in shares of Tesla by 59.7% in 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 in the last quarter. Evergreen Private Wealth LLC increased its position in shares of Tesla by 270.0% during the second quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock worth $35,000 after acquiring an additional 81 shares during the period. Glynn Capital Management LLC acquired a new stake in shares of Tesla in the second quarter valued at $35,000. Finally, Maseco LLP purchased a new position in Tesla in the second quarter valued at $39,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Activity at Tesla

In other news, Director James R. Murdoch sold 60,000 shares of the 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 completion of the sale, the director directly owned 637,031 shares of the company’s stock, valued at approximately $269,260,263.08. This represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of Tesla stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 202,606 shares of company stock valued at $75,588,902 in the last three months. 19.90% of the stock is currently owned by company insiders.

Tesla Trading Down 2.1%

NASDAQ TSLA opened at $430.60 on Thursday. The firm’s fifty day moving average price is $427.33 and its 200 day moving average price is $359.18. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. The company has a market capitalization of $1.43 trillion, a price-to-earnings ratio of 287.07, a price-to-earnings-growth ratio of 16.84 and a beta of 2.06.

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

Analyst Upgrades and Downgrades

TSLA has been the topic of several recent research reports. The Goldman Sachs Group cut their price target on Tesla from $425.00 to $400.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Tesla in a report on Wednesday, October 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tesla in a report on Thursday, October 30th. Wedbush reissued an “outperform” rating and issued a $600.00 price objective on shares of Tesla in a research report on Wednesday, November 5th. Finally, Benchmark reaffirmed a “buy” rating on shares of Tesla in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have issued a Hold rating and ten have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $391.08.

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.