Investment Partners LTD. Buys 125 Shares of Tesla, Inc. $TSLA

Investment Partners LTD. grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 7.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,883 shares of the electric vehicle producer’s stock after acquiring an additional 125 shares during the quarter. Investment Partners LTD.’s holdings in Tesla were worth $598,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TSLA. Siren L.L.C. purchased a new stake in shares of Tesla during the first quarter valued at $2,332,000. Zuckerman Investment Group LLC boosted its holdings in shares of Tesla by 6.9% during 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 during the last quarter. Keystone Global Partners LLC bought a new stake in shares of Tesla in the first quarter worth approximately $594,000. Strs Ohio purchased a new position in shares of Tesla during the first quarter valued at approximately $205,495,000. Finally, AustralianSuper Pty Ltd lifted its position in Tesla by 1,823.0% during the second quarter. AustralianSuper Pty Ltd now owns 68,325 shares of the electric vehicle producer’s stock valued at $21,704,000 after purchasing an additional 64,772 shares during the period. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

TSLA opened at $420.33 on Thursday. The stock has a market capitalization of $1.40 trillion, a price-to-earnings ratio of 280.22, a PEG ratio of 16.84 and a beta of 2.06. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $488.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The company has a fifty day moving average of $427.33 and a 200 day moving average of $359.18.

Tesla (NASDAQ:TSLA) last issued its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $28.10 billion for the quarter, compared to analysts’ expectations of $24.98 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The business’s revenue was up 11.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on TSLA. Industrial Alliance Securities set a $300.00 target price on shares of Tesla in a research note on Monday, October 13th. CICC Research upped their price target on shares of Tesla from $360.00 to $450.00 and gave the company an “outperform” rating in a research report on Thursday, September 18th. Morgan Stanley reissued an “overweight” rating on shares of Tesla in a report on Wednesday, October 15th. Bank of America lifted their price objective on Tesla from $341.00 to $471.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Finally, TD Cowen increased their target price on shares of Tesla from $374.00 to $509.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have given a Hold rating and ten have given a Sell rating to the company. According to MarketBeat, Tesla presently has a consensus rating of “Hold” and a consensus price target of $391.08.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Monday, September 8th. The shares were 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 of the company’s stock, valued at $3,473,057.28. This trade represents a 20.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $17,314,500. The trade was a 29.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 202,606 shares of company stock valued at $75,588,902 over the last 90 days. 19.90% of the stock is 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.