Rathbones Group PLC Acquires 8,746 Shares of Tesla, Inc. $TSLA

Rathbones Group PLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 10.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 93,247 shares of the electric vehicle producer’s stock after acquiring an additional 8,746 shares during the quarter. Rathbones Group PLC’s holdings in Tesla were worth $29,621,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Siren L.L.C. bought a new stake in Tesla in the 1st quarter valued at approximately $2,332,000. Zuckerman Investment Group LLC grew its stake 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 worth $3,304,000 after acquiring an additional 826 shares in the last quarter. Keystone Global Partners LLC acquired a new stake in shares of Tesla in the first quarter valued at approximately $594,000. Strs Ohio acquired a new stake in shares of Tesla in the first quarter valued at approximately $205,495,000. Finally, AustralianSuper Pty Ltd lifted its position in shares of Tesla by 1,823.0% in the second quarter. AustralianSuper Pty Ltd now owns 68,325 shares of the electric vehicle producer’s stock worth $21,704,000 after purchasing an additional 64,772 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TSLA shares. The Goldman Sachs Group lowered their price target on shares of Tesla from $425.00 to $400.00 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd. CICC Research raised their price objective on Tesla from $360.00 to $450.00 and gave the company an “outperform” rating in a report on Thursday, September 18th. Deutsche Bank Aktiengesellschaft lifted their target price on Tesla from $440.00 to $470.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Evercore ISI increased their price target on Tesla from $235.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Finally, Wall Street Zen upgraded Tesla from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have given a Hold rating and eleven have given a Sell rating to the company. Based on data from MarketBeat, Tesla currently has an average rating of “Hold” and a consensus target price of $391.08.

Tesla Trading Down 3.7%

Tesla stock opened at $429.52 on Friday. The stock has a 50-day simple moving average of $420.97 and a 200 day simple moving average of $355.54. The stock has a market capitalization of $1.43 trillion, a P/E ratio of 286.35, a PEG ratio of 16.84 and a beta of 2.06. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. Tesla, Inc. has a 52 week low of $214.25 and a 52 week high of $488.54.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $24.98 billion. During the same period last year, the firm posted $0.72 earnings per share. The business’s revenue was up 11.6% on a year-over-year basis. Analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other news, Director James R. Murdoch sold 60,000 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $422.68, for a total value of $25,360,800.00. Following the transaction, the director directly owned 637,031 shares of the company’s stock, valued at $269,260,263.08. This represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 sale, the chief financial officer owned 9,856 shares of the company’s stock, valued at approximately $3,473,057.28. This represents a 20.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 202,606 shares of company stock valued at $75,588,902 in the last quarter. 19.90% of the stock is currently owned by insiders.

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.