Tesla, Inc. $TSLA Position Increased by Aspire Capital Advisors LLC

Aspire Capital Advisors LLC increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 38.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,891 shares of the electric vehicle producer’s stock after purchasing an additional 526 shares during the period. Aspire Capital Advisors LLC’s holdings in Tesla were worth $601,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Means Investment CO. Inc. raised its stake in Tesla by 37.7% during the 1st quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer’s stock valued at $5,984,000 after acquiring an additional 6,323 shares in the last quarter. Focus Financial Network Inc. raised its stake in Tesla by 3.1% during the 1st quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer’s stock valued at $5,823,000 after acquiring an additional 670 shares in the last quarter. Siren L.L.C. bought a new stake in Tesla during the 1st quarter valued at $2,332,000. Zuckerman Investment Group LLC raised its stake in 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 in the last quarter. Finally, Keystone Global Partners LLC bought a new stake in Tesla during the 1st quarter valued at $594,000. Institutional investors own 66.20% of the company’s stock.

Insider Activity

In other news, SVP Xiaotong Zhu sold 20,000 shares of Tesla stock in a transaction on 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 owned 47,600 shares in the company, valued at approximately $17,314,500. The trade was a 29.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James R. Murdoch sold 120,000 shares of Tesla 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 transaction, the director owned 697,031 shares in the company, valued at $244,162,988.99. This represents a 14.69% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 208,606 shares of company stock worth $77,360,462. 19.90% of the stock is owned by corporate insiders.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $442.79 on Thursday. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 255.95, a PEG ratio of 14.86 and a beta of 2.06. The stock’s fifty day simple moving average is $347.75 and its 200 day simple moving average is $311.58. Tesla, Inc. has a 52-week low of $212.11 and a 52-week high of $488.54.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The company had revenue of $22.50 billion during the quarter, compared to analyst estimates of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%.The business’s revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 earnings per share. 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

Several brokerages have weighed in on TSLA. HSBC reaffirmed a “reduce” rating and set a $120.00 target price on shares of Tesla in a research note on Thursday, July 3rd. Argus reissued a “hold” rating on shares of Tesla in a research note on Monday, June 9th. William Blair reissued a “market perform” rating on shares of Tesla in a research note on Friday, September 5th. Baird R W raised Tesla from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Finally, Guggenheim reissued a “sell” rating and issued a $175.00 price objective on shares of Tesla in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twelve have assigned a Hold rating and nine have issued a Sell rating to the company’s stock. According to data from MarketBeat, Tesla currently has an average rating of “Hold” and a consensus price target of $326.74.

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.