Zhang Financial LLC Has $1.20 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Zhang Financial LLC increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 4.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 6,048 shares of the electric vehicle producer’s stock after purchasing an additional 275 shares during the quarter. Zhang Financial LLC’s holdings in Tesla were worth $1,197,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TSLA. International Assets Investment Management LLC increased its position in shares of Tesla by 5.0% in the fourth quarter. International Assets Investment Management LLC now owns 24,963 shares of the electric vehicle producer’s stock worth $6,203,000 after purchasing an additional 1,189 shares during the period. Roman Butler Fullerton & Co. boosted its stake in shares of Tesla by 6.3% during the fourth quarter. Roman Butler Fullerton & Co. now owns 1,397 shares of the electric vehicle producer’s stock valued at $347,000 after purchasing an additional 83 shares in the last quarter. Cambridge Trust Co. lifted its stake in shares of Tesla by 1.8% in the fourth quarter. Cambridge Trust Co. now owns 5,182 shares of the electric vehicle producer’s stock worth $1,288,000 after acquiring an additional 92 shares during the period. HTLF Bank acquired a new position in shares of Tesla in the fourth quarter worth approximately $741,000. Finally, Financial Symmetry Inc acquired a new position in shares of Tesla in the fourth quarter worth approximately $499,000. Institutional investors own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TSLA. Sanford C. Bernstein restated an “underperform” rating and set a $120.00 price objective on shares of Tesla in a report on Monday, June 10th. Morgan Stanley reissued an “overweight” rating and issued a $310.00 price objective on shares of Tesla in a research report on Monday, July 29th. The Goldman Sachs Group dropped their price target on Tesla from $248.00 to $230.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. New Street Research lowered Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price objective on the stock. in a research note on Wednesday, July 24th. Finally, Guggenheim reiterated a “sell” rating and set a $134.00 price objective on shares of Tesla in a research note on Tuesday, July 23rd. Nine analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $204.21.

Insider Activity

In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Xiaotong Zhu sold 650 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the sale, the director now directly owns 85,000 shares of the company’s stock, valued at $18,696,600. The disclosure for this sale can be found here. Company insiders own 25.10% of the company’s stock.

Tesla Trading Up 2.2 %

NASDAQ TSLA traded up $4.81 during mid-day trading on Monday, reaching $220.93. 56,400,723 shares of the stock were exchanged, compared to its average volume of 99,049,742. The stock has a market capitalization of $704.59 billion, a PE ratio of 56.31, a PEG ratio of 5.22 and a beta of 2.31. The business’s fifty day simple moving average is $215.14 and its 200 day simple moving average is $190.99. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $278.98. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91.

Tesla (NASDAQ:TSLA) last issued its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The business had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same period in the prior year, the business posted $0.78 EPS. The business’s revenue was up 2.3% on a year-over-year basis. On average, research analysts anticipate that Tesla, Inc. will post 1.79 earnings per share 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. The company 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, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.