1,637 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by Wintrust Investments LLC

Wintrust Investments LLC purchased a new position in Tesla, Inc. (NASDAQ:TSLA) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 1,637 shares of the electric vehicle producer’s stock, valued at approximately $429,000.

Other institutional investors also recently bought and sold shares of the company. Maryland State Retirement & Pension System lifted its position in shares of Tesla by 3.5% during the second quarter. Maryland State Retirement & Pension System now owns 211,295 shares of the electric vehicle producer’s stock worth $55,311,000 after purchasing an additional 7,176 shares during the last quarter. Pachira Investments Inc. bought a new stake in shares of Tesla during the second quarter worth $209,000. Sigma Planning Corp lifted its position in shares of Tesla by 10.4% during the second quarter. Sigma Planning Corp now owns 76,219 shares of the electric vehicle producer’s stock worth $19,952,000 after purchasing an additional 7,154 shares during the last quarter. Ulland Investment Advisors LLC lifted its position in shares of Tesla by 72.4% during the second quarter. Ulland Investment Advisors LLC now owns 762 shares of the electric vehicle producer’s stock worth $199,000 after purchasing an additional 320 shares during the last quarter. Finally, Nadler Financial Group Inc. lifted its position in shares of Tesla by 0.5% during the second quarter. Nadler Financial Group Inc. now owns 10,613 shares of the electric vehicle producer’s stock worth $2,778,000 after purchasing an additional 50 shares during the last quarter. 41.87% of the stock is currently owned by institutional investors.

Insider Activity at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $242.53, for a total value of $2,546,565.00. Following the sale, the senior vice president now owns 66,834 shares in the company, valued at approximately $16,209,250.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $242.53, for a total value of $2,546,565.00. Following the sale, the senior vice president now owns 66,834 shares in the company, valued at approximately $16,209,250.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $257.23, for a total value of $643,075.00. Following the completion of the sale, the senior vice president now owns 57,972 shares in the company, valued at approximately $14,912,137.56. The disclosure for this sale can be found here. Insiders have sold a total of 43,065 shares of company stock worth $10,248,880 over the last quarter. Insiders own 25.10% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $234.30 on Friday. The business’s 50 day moving average price is $240.04 and its 200 day moving average price is $237.16. The firm has a market cap of $744.82 billion, a P/E ratio of 75.34, a P/E/G ratio of 4.38 and a beta of 2.28. Tesla, Inc. has a 52 week low of $101.81 and a 52 week high of $299.29. The company has a quick ratio of 1.18, a current ratio of 1.69 and a debt-to-equity ratio of 0.04.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, October 18th. The electric vehicle producer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.07). The firm had revenue of $23.35 billion during the quarter, compared to analysts’ expectations of $24.19 billion. Tesla had a net margin of 11.21% and a return on equity of 21.47%. Tesla’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS. On average, sell-side analysts expect that Tesla, Inc. will post 2.68 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Citigroup cut their price target on Tesla from $271.00 to $255.00 and set a “neutral” rating on the stock in a research note on Thursday, October 19th. Wells Fargo & Company cut their price target on Tesla from $260.00 to $250.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 19th. StockNews.com lowered Tesla from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Canaccord Genuity Group restated a “buy” rating and set a $293.00 price target on shares of Tesla in a research note on Friday, September 29th. Finally, Morgan Stanley cut their price target on Tesla from $400.00 to $380.00 and set an “overweight” rating on the stock in a research note on Thursday, October 19th. Eight analysts have rated the stock with a sell rating, sixteen have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $235.20.

About Tesla

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.