Sierra Capital LLC Has $1.55 Million Holdings in Tesla, Inc. $TSLA

Sierra Capital LLC lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 10.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,869 shares of the electric vehicle producer’s stock after selling 565 shares during the period. Sierra Capital LLC’s holdings in Tesla were worth $1,547,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its position in shares of Tesla by 322.1% during the first quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer’s stock valued at $6,891,201,000 after purchasing an additional 20,291,139 shares in the last quarter. Nuveen LLC bought a new stake in Tesla in the 1st quarter worth about $3,247,619,000. Kingstone Capital Partners Texas LLC increased its stake in 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 valued at $2,044,683,000 after buying an additional 6,435,598 shares during the last quarter. Amundi lifted its position in shares of Tesla by 29.4% during 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 in the last quarter. Finally, Vanguard Group Inc. boosted its stake 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.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Roth Capital set a $505.00 price target on Tesla and gave the stock a “buy” rating in a report on Thursday, October 23rd. Cantor Fitzgerald set a $510.00 target price on Tesla and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. China Renaissance increased their target price on shares of Tesla from $349.00 to $380.00 and gave the company a “hold” rating in a research report on Friday, October 24th. Deutsche Bank Aktiengesellschaft upped their price objective on Tesla from $440.00 to $470.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, Mizuho raised their target price on Tesla from $450.00 to $485.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have assigned a Hold rating and ten have issued a Sell rating to the company. Based on data from MarketBeat, Tesla presently has a consensus rating of “Hold” and an average target price of $394.31.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $404.35 on Monday. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $488.54. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. The stock 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. The company has a 50 day moving average of $429.67 and a 200 day moving average of $361.33.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $28.10 billion during the quarter, compared to analyst estimates of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 EPS. As a group, sell-side analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Transactions at Tesla

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