Capital Performance Advisors LLP Invests $325,000 in Tesla, Inc. (NASDAQ:TSLA)

Capital Performance Advisors LLP acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,243 shares of the electric vehicle producer’s stock, valued at approximately $325,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in Tesla by 0.7% in the first quarter. State Street Corp now owns 99,683,820 shares of the electric vehicle producer’s stock valued at $20,680,162,000 after purchasing an additional 685,454 shares during the last quarter. Geode Capital Management LLC grew its stake in Tesla by 1.9% in the 1st quarter. Geode Capital Management LLC now owns 50,047,967 shares of the electric vehicle producer’s stock valued at $10,358,912,000 after acquiring an additional 938,216 shares during the last quarter. FMR LLC increased its holdings in Tesla by 3.9% during the 1st quarter. FMR LLC now owns 33,326,389 shares of the electric vehicle producer’s stock valued at $6,913,893,000 after acquiring an additional 1,244,230 shares in the last quarter. Norges Bank purchased a new stake in shares of Tesla in the fourth quarter valued at about $3,459,540,000. Finally, Moneta Group Investment Advisors LLC grew its position in shares of Tesla by 180,125.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 26,851,778 shares of the electric vehicle producer’s stock valued at $3,307,602,000 after purchasing an additional 26,836,879 shares during the last quarter. 41.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TSLA shares. Piper Sandler cut their price objective on Tesla from $300.00 to $290.00 and set an “overweight” rating for the company in a research report on Monday, October 16th. Citigroup decreased their price objective on Tesla from $271.00 to $255.00 and set a “neutral” rating on the stock in a research note on Thursday, October 19th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Tesla from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, September 27th. Jefferies Financial Group cut their price objective on shares of Tesla from $250.00 to $210.00 and set a “hold” rating for the company in a research report on Monday. Finally, Canaccord Genuity Group restated a “buy” rating and set a $293.00 target price on shares of Tesla in a research report on Friday, September 29th. Eight equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $233.87.

Insider Buying and Selling at Tesla

In other news, SVP Xiaotong Zhu sold 2,500 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were 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 of the company’s stock, valued at approximately $14,912,137.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Xiaotong Zhu sold 2,500 shares of the business’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 directly owns 57,972 shares in the company, valued at approximately $14,912,137.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the business’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $253.98, for a total transaction of $1,015,920.00. Following the sale, the chief financial officer now owns 104,716 shares of the company’s stock, valued at approximately $26,595,769.68. The disclosure for this sale can be found here. Insiders have sold 43,065 shares of company stock worth $10,248,880 in the last ninety days. 25.10% of the stock is owned by insiders.

Tesla Stock Down 0.2 %

Shares of Tesla stock traded down $0.47 during trading hours on Monday, hitting $233.83. 69,513,349 shares of the company’s stock traded hands, compared to its average volume of 139,751,641. Tesla, Inc. has a twelve month low of $101.81 and a twelve month high of $299.29. The company has a market cap of $743.33 billion, a PE ratio of 74.81, a PEG ratio of 4.38 and a beta of 2.28. The company has a quick ratio of 1.18, a current ratio of 1.69 and a debt-to-equity ratio of 0.04. The stock has a 50 day simple moving average of $240.04 and a 200-day simple moving average of $238.24.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, October 18th. The electric vehicle producer reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.07). The business had revenue of $23.35 billion for the quarter, compared to analyst estimates of $24.19 billion. Tesla had a net margin of 11.21% and a return on equity of 21.47%. Tesla’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.95 EPS. Equities research analysts anticipate that Tesla, Inc. will post 2.68 earnings per share for the current fiscal year.

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.