Chilton Capital Management LLC Acquires 1,110 Shares of Tesla, Inc. $TSLA

Chilton Capital Management LLC raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 1.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,000 shares of the electric vehicle producer’s stock after acquiring an additional 1,110 shares during the period. Tesla makes up about 1.1% of Chilton Capital Management LLC’s portfolio, making the stock its 29th biggest holding. Chilton Capital Management LLC’s holdings in Tesla were worth $30,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Siren L.L.C. acquired a new position in Tesla during the 1st quarter worth approximately $2,332,000. Zuckerman Investment Group LLC increased its stake in shares of Tesla by 6.9% in the 1st quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer’s stock valued at $3,304,000 after acquiring an additional 826 shares in the last quarter. Keystone Global Partners LLC bought a new position in Tesla during the first quarter worth $594,000. Strs Ohio acquired a new stake in Tesla in the first quarter worth $205,495,000. Finally, IFM Investors Pty Ltd raised its holdings in shares of Tesla by 8.5% during the first quarter. IFM Investors Pty Ltd now owns 586,460 shares of the electric vehicle producer’s stock valued at $153,436,000 after purchasing an additional 46,087 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Xiaotong Zhu sold 20,000 shares of the firm’s 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 of the company’s stock, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of the transaction, the chief financial officer directly owned 9,856 shares in the company, valued at $3,473,057.28. This trade represents a 20.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 202,606 shares of company stock valued at $75,588,902 over the last three months. Insiders own 19.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Piper Sandler boosted their price target on shares of Tesla from $400.00 to $500.00 and gave the stock an “overweight” rating in a report on Monday, September 22nd. Glj Research reiterated a “sell” rating on shares of Tesla in a report on Wednesday. Stifel Nicolaus set a $483.00 price objective on Tesla and gave the company a “buy” rating in a research note on Wednesday, October 8th. Benchmark restated a “buy” rating on shares of Tesla in a research report on Thursday. Finally, UBS Group set a $247.00 target price on shares of Tesla in a research note on Monday, October 6th. 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 issued a Sell rating to the stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus target price of $381.70.

Tesla Price Performance

TSLA stock opened at $433.72 on Friday. The firm has a 50 day simple moving average of $398.06 and a two-hundred day simple moving average of $340.74. The stock has a market cap of $1.44 trillion, a PE ratio of 289.15, a P/E/G ratio of 15.59 and a beta of 2.08. Tesla, Inc. has a one year low of $214.25 and a one year 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 1.55.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share (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 company had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. During the same period in the previous year, the firm posted $0.72 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. On average, analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.