Kelleher Financial Advisors Acquires 232 Shares of Tesla, Inc. (NASDAQ:TSLA)

Kelleher Financial Advisors grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 5.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,310 shares of the electric vehicle producer’s stock after acquiring an additional 232 shares during the period. Kelleher Financial Advisors’ holdings in Tesla were worth $268,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Alpha Paradigm Partners LLC bought a new position in shares of Tesla during the third quarter valued at $27,000. Mendota Financial Group LLC raised its stake in Tesla by 3,733.3% during the second quarter. Mendota Financial Group LLC now owns 115 shares of the electric vehicle producer’s stock worth $30,000 after buying an additional 112 shares during the last quarter. Annapolis Financial Services LLC raised its stake in Tesla by 2,050.0% during the second quarter. Annapolis Financial Services LLC now owns 129 shares of the electric vehicle producer’s stock worth $34,000 after buying an additional 123 shares during the last quarter. GW&K Investment Management LLC bought a new position in Tesla during the first quarter worth $30,000. Finally, St. Johns Investment Management Company LLC raised its stake in Tesla by 451.9% during the first quarter. St. Johns Investment Management Company LLC now owns 149 shares of the electric vehicle producer’s stock worth $31,000 after buying an additional 122 shares during the last quarter. Institutional investors own 41.87% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TSLA shares. Citigroup lowered their target price on shares of Tesla from $271.00 to $255.00 and set a “neutral” rating for the company in a research note on Thursday, October 19th. Morgan Stanley reduced their price target on shares of Tesla from $400.00 to $380.00 and set an “overweight” rating for the company in a report on Thursday, October 19th. JPMorgan Chase & Co. raised their price target on shares of Tesla from $120.00 to $135.00 in a report on Tuesday, October 3rd. The Goldman Sachs Group restated a “neutral” rating and issued a $275.00 price target on shares of Tesla in a report on Monday, September 18th. Finally, Mizuho lifted their price objective on shares of Tesla from $300.00 to $330.00 in a report on Thursday, July 20th. Eight investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Tesla presently has an average rating of “Hold” and a consensus price target of $235.20.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $228.28 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.69 and a quick ratio of 1.18. Tesla, Inc. has a one year low of $101.81 and a one year high of $299.29. The company’s fifty day moving average price is $240.33 and its 200-day moving average price is $236.66. The firm has a market capitalization of $725.68 billion, a price-to-earnings ratio of 75.11, a PEG ratio of 4.52 and a beta of 2.28.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, October 18th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.07). Tesla had a net margin of 11.21% and a return on equity of 21.47%. The business had revenue of $23.35 billion for the quarter, compared to the consensus estimate of $24.19 billion. During the same period in the prior year, the business posted $0.95 EPS. Tesla’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, equities research analysts anticipate that Tesla, Inc. will post 2.7 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $210.67, for a total value of $2,212,035.00. Following the completion of the sale, the senior vice president now directly owns 68,102 shares of the company’s stock, valued at approximately $14,347,048.34. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Xiaotong Zhu sold 2,500 shares of Tesla stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $257.23, for a total transaction of $643,075.00. Following the completion of the transaction, the senior vice president now directly owns 57,972 shares of the company’s stock, valued at approximately $14,912,137.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $210.67, for a total transaction of $2,212,035.00. Following the transaction, the senior vice president now directly owns 68,102 shares of the company’s stock, valued at $14,347,048.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,065 shares of company stock valued at $10,248,880. Company insiders own 25.10% of the company’s stock.

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. 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.