Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Green Alpha Advisors LLC

Green Alpha Advisors LLC lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,617 shares of the electric vehicle producer’s stock after acquiring an additional 93 shares during the period. Green Alpha Advisors LLC’s holdings in Tesla were worth $1,470,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. MidWestOne Financial Group Inc. raised its position in shares of Tesla by 3.3% during the 1st quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer’s stock worth $509,000 after acquiring an additional 15 shares in the last quarter. Linscomb & Williams Inc. grew its stake in Tesla by 3.5% during the 1st quarter. Linscomb & Williams Inc. now owns 1,233 shares of the electric vehicle producer’s stock worth $1,329,000 after buying an additional 42 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in Tesla by 22.3% during the 1st quarter. Salem Investment Counselors Inc. now owns 263 shares of the electric vehicle producer’s stock worth $283,000 after buying an additional 48 shares during the last quarter. Johnson Bixby & Associates LLC grew its stake in Tesla by 2.1% during the 1st quarter. Johnson Bixby & Associates LLC now owns 2,769 shares of the electric vehicle producer’s stock worth $574,000 after buying an additional 56 shares during the last quarter. Finally, Bridgeworth LLC grew its stake in Tesla by 1.0% during the 1st quarter. Bridgeworth LLC now owns 6,038 shares of the electric vehicle producer’s stock worth $1,253,000 after buying an additional 57 shares during the last quarter. Institutional investors and hedge funds own 41.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TSLA. Wedbush raised their price target on Tesla from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, July 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $305.00 target price on shares of Tesla in a research note on Tuesday. Wells Fargo & Company lifted their target price on Tesla from $170.00 to $265.00 and gave the company an “equal weight” rating in a research note on Monday, July 17th. Mizuho raised their price target on Tesla from $300.00 to $330.00 in a report on Thursday, July 20th. Finally, Bank of America raised their price target on Tesla from $225.00 to $300.00 in a report on Thursday, July 6th. Six investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $239.43.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $243.13, for a total transaction of $2,552,865.00. Following the completion of the transaction, the senior vice president now directly owns 66,834 shares of the company’s stock, valued at approximately $16,249,350.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP Xiaotong Zhu sold 1,065 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $249.62, for a total transaction of $265,845.30. Following the completion of the sale, the senior vice president now owns 59,540 shares in the company, valued at approximately $14,862,374.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $243.13, for a total value of $2,552,865.00. Following the completion of the sale, the senior vice president now owns 66,834 shares of the company’s stock, valued at approximately $16,249,350.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,815 shares of company stock valued at $14,384,135. 25.10% of the stock is owned by corporate insiders.

Tesla Stock Up 1.7 %

NASDAQ:TSLA opened at $276.04 on Friday. Tesla, Inc. has a 52 week low of $101.81 and a 52 week high of $313.80. The firm has a market capitalization of $876.15 billion, a PE ratio of 78.20, a price-to-earnings-growth ratio of 4.23 and a beta of 2.09. The stock has a 50 day moving average of $255.83 and a 200-day moving average of $220.11. The company has a current ratio of 1.59, a quick ratio of 1.07 and a debt-to-equity ratio of 0.02.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, July 19th. The electric vehicle producer reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.22. The firm had revenue of $24.93 billion during the quarter, compared to analyst estimates of $24.22 billion. Tesla had a return on equity of 26.10% and a net margin of 12.97%. The firm’s quarterly revenue was up 47.2% on a year-over-year basis. During the same period last year, the company posted $0.65 EPS. Analysts predict that Tesla, Inc. will post 2.94 EPS for the current year.

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. It 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, retail merchandise, and vehicle insurance services.