Fusion Capital LLC Buys 280 Shares of Tesla, Inc. $TSLA

Fusion Capital LLC increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 23.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,463 shares of the electric vehicle producer’s stock after acquiring an additional 280 shares during the quarter. Fusion Capital LLC’s holdings in Tesla were worth $465,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Chelsea Counsel Co. increased its stake in shares of Tesla by 59.7% during the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 40 shares during the period. LGT Financial Advisors LLC bought a new stake in Tesla in the 2nd quarter valued at $29,000. Evergreen Private Wealth LLC grew its holdings in Tesla by 270.0% in the 2nd quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock valued at $35,000 after buying an additional 81 shares in the last quarter. Glynn Capital Management LLC bought a new position in Tesla during the 2nd quarter worth $35,000. Finally, Pacific Center for Financial Services lifted its holdings in shares of Tesla by 44.7% during the first quarter. Pacific Center for Financial Services now owns 149 shares of the electric vehicle producer’s stock worth $39,000 after buying an additional 46 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on TSLA shares. Cantor Fitzgerald set a $510.00 price target on shares of Tesla and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Stifel Nicolaus set a $483.00 target price on shares of Tesla and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Tesla from $440.00 to $470.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Wedbush reissued an “outperform” rating and set a $600.00 price target on shares of Tesla in a research report on Wednesday, November 5th. Finally, Daiwa Capital Markets restated a “neutral” rating on shares of Tesla in a research note on Sunday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have assigned a Hold rating and ten have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $393.61.

Insider Buying and Selling at Tesla

In other Tesla news, Director James R. Murdoch sold 120,000 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the completion of the transaction, the director owned 697,031 shares of the company’s stock, valued at approximately $244,162,988.99. The trade was a 14.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the 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 completion of the transaction, the senior vice president directly owned 47,600 shares of the company’s stock, valued at $17,314,500. This trade represents a 29.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 202,606 shares of company stock worth $75,588,902 over the last 90 days. Insiders own 19.90% of the company’s stock.

Tesla Stock Up 0.6%

Shares of TSLA opened at $404.35 on Friday. The firm has a 50 day simple moving average of $429.67 and a two-hundred day simple moving average of $360.30. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. Tesla, Inc. has a one year low of $214.25 and a one year high of $488.54. The company has a market cap of $1.34 trillion, a P/E ratio of 269.57, a P/E/G ratio of 16.84 and a beta of 2.06.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The company had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. During the same quarter last year, the company posted $0.72 EPS. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. Research analysts forecast 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.