Hill Investment Group Partners LLC Takes Position in Tesla, Inc. (NASDAQ:TSLA)

Hill Investment Group Partners LLC purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 834 shares of the electric vehicle producer’s stock, valued at approximately $218,000.

Other large investors also recently modified their holdings of the company. State Street Corp raised its position 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 worth $20,680,162,000 after acquiring an additional 685,454 shares in the last quarter. Geode Capital Management LLC raised its position in Tesla by 1.9% in the first quarter. Geode Capital Management LLC now owns 50,047,967 shares of the electric vehicle producer’s stock worth $10,358,912,000 after acquiring an additional 938,216 shares in the last quarter. FMR LLC raised its position in Tesla by 3.9% in the first quarter. FMR LLC now owns 33,326,389 shares of the electric vehicle producer’s stock worth $6,913,893,000 after acquiring an additional 1,244,230 shares in the last quarter. Norges Bank bought a new stake in Tesla in the fourth quarter worth about $3,459,540,000. Finally, Moneta Group Investment Advisors LLC raised its position in 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 worth $3,307,602,000 after acquiring an additional 26,836,879 shares in the last quarter. 41.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $242.53, for a total transaction of $2,546,565.00. Following the completion of the transaction, the senior vice president now owns 66,834 shares in the company, valued at $16,209,250.02. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $242.53, for a total transaction of $2,546,565.00. Following the completion of the transaction, the senior vice president now directly owns 66,834 shares in the company, valued at $16,209,250.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 2,500 shares of the business’s stock in a transaction on 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 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 43,065 shares of company stock valued at $10,248,880 in the last 90 days. 25.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wells Fargo & Company cut their price objective on Tesla from $260.00 to $250.00 and set an “equal weight” rating on the stock in a report on Thursday, October 19th. Guggenheim restated a “sell” rating and set a $125.00 price objective on shares of Tesla in a report on Thursday, October 19th. Royal Bank of Canada restated an “outperform” rating and set a $305.00 price objective on shares of Tesla in a report on Tuesday, September 26th. Citigroup lowered their target price on Tesla from $271.00 to $255.00 and set a “neutral” rating on the stock in a research note on Thursday, October 19th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $293.00 target price on shares of Tesla in a research note on Friday, September 29th. Eight investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus target price of $233.87.

Tesla Stock Performance

Shares of TSLA stock traded down $1.05 during trading hours on Monday, reaching $233.25. 81,024,840 shares of the company’s stock were exchanged, compared to its average volume of 139,790,500. Tesla, Inc. has a fifty-two week low of $101.81 and a fifty-two week high of $299.29. The stock has a market capitalization of $741.48 billion, a P/E ratio of 74.81, a P/E/G ratio of 4.38 and a beta of 2.28. The business has a fifty day moving average price of $240.04 and a 200-day moving average price of $238.24. 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 quarterly 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). Tesla had a return on equity of 21.47% and a net margin of 11.21%. The business had revenue of $23.35 billion for the quarter, compared to analyst estimates of $24.19 billion. During the same quarter last year, the firm earned $0.95 earnings per share. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. Analysts predict that Tesla, Inc. will post 2.68 EPS for the current fiscal year.

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.