626 Financial LLC Purchases 142 Shares of Tesla, Inc. $TSLA

626 Financial LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 5.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,800 shares of the electric vehicle producer’s stock after acquiring an additional 142 shares during the period. 626 Financial LLC’s holdings in Tesla were worth $889,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. increased its holdings in shares of Tesla by 322.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer’s stock worth $6,891,201,000 after buying an additional 20,291,139 shares during the last quarter. Nuveen LLC bought a new position in shares of Tesla in the 1st quarter worth $3,247,619,000. Kingstone Capital Partners Texas LLC increased its holdings in shares of Tesla by 581,880.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer’s stock worth $2,044,683,000 after buying an additional 6,435,598 shares during the last quarter. Amundi increased its holdings in shares of Tesla by 29.4% in the 1st quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer’s stock worth $4,482,789,000 after buying an additional 3,814,610 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Tesla by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 246,887,705 shares of the electric vehicle producer’s stock worth $63,983,418,000 after buying an additional 3,694,524 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other news, SVP Xiaotong Zhu sold 20,000 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of the sale, the senior vice president directly owned 47,600 shares of the company’s stock, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the sale, the chief financial officer directly owned 9,856 shares of the company’s stock, valued at approximately $3,473,057.28. This represents a 20.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 202,606 shares of company stock valued at $75,588,902 in the last quarter. Company insiders own 19.90% of the company’s stock.

Tesla Trading Up 1.8%

Shares of TSLA opened at $460.55 on Wednesday. The stock has a market capitalization of $1.53 trillion, a P/E ratio of 307.03, a PEG ratio of 16.51 and a beta of 2.08. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. The firm has a fifty day simple moving average of $403.03 and a two-hundred day simple moving average of $343.93. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The business 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%. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.72 EPS. On average, research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TSLA. BNP Paribas Exane began coverage on shares of Tesla in a report on Thursday, October 16th. They issued an “underperform” rating and a $307.00 price target on the stock. Guggenheim reaffirmed a “sell” rating and set a $175.00 target price on shares of Tesla in a report on Wednesday, July 23rd. Wedbush reaffirmed an “outperform” rating and set a $600.00 target price on shares of Tesla in a report on Monday, October 20th. HSBC increased their target price on shares of Tesla from $120.00 to $127.00 in a report on Monday, September 29th. Finally, Robert W. Baird raised shares of Tesla from a “neutral” rating to an “outperform” rating and increased their target price for the company from $320.00 to $548.00 in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twelve have issued a Hold rating and eleven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $381.00.

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.