Tesla, Inc. $TSLA Stake Lifted by Sicart Associates LLC

Sicart Associates LLC increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 20.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,477 shares of the electric vehicle producer’s stock after acquiring an additional 7,344 shares during the period. Tesla makes up 5.2% of Sicart Associates LLC’s investment portfolio, making the stock its 4th largest position. Sicart Associates LLC’s holdings in Tesla were worth $19,335,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Chapman Financial Group LLC purchased a new stake in shares of Tesla during the 2nd quarter valued at $26,000. Chelsea Counsel Co. boosted its holdings in Tesla by 59.7% in the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock valued at $28,000 after acquiring an additional 40 shares during the last quarter. LGT Financial Advisors LLC purchased a new stake in Tesla during the second quarter valued at about $29,000. CoreFirst Bank & Trust purchased a new stake in Tesla during the second quarter valued at about $30,000. Finally, ESL Trust Services LLC increased its stake in Tesla by 1,900.0% during the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after acquiring an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of research reports. New Street Research boosted their target price on Tesla from $465.00 to $520.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. China Renaissance lifted their price target 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. HSBC reiterated a “reduce” rating on shares of Tesla in a research note on Monday, November 17th. BNP Paribas Exane began coverage on shares of Tesla in a research note on Thursday, October 16th. They issued an “underperform” rating and a $307.00 target price on the stock. Finally, Evercore ISI lifted their target price on shares of Tesla from $235.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have given a Hold rating and nine have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $400.86.

Tesla Price Performance

Shares of TSLA stock opened at $467.26 on Thursday. The firm has a fifty day simple moving average of $437.67 and a 200-day simple moving average of $378.86. The company has a market capitalization of $1.55 trillion, a PE ratio of 311.51, a price-to-earnings-growth ratio of 12.24 and a beta of 1.87. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $495.28. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA) last released its quarterly 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. The firm had revenue of $28.10 billion for the quarter, compared to the consensus estimate of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS. Equities research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Activity

In other Tesla news, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the sale, the director directly owned 1,391,615 shares in the company, valued at $627,145,215.90. The trade was a 3.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 2,637 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the transaction, the chief financial officer owned 13,757 shares of the company’s stock, valued at approximately $6,107,145.01. This trade represents a 16.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 19.90% of the company’s stock.

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.