Berkshire Capital Holdings Inc. grew its stake in shares of Tesla Inc (NASDAQ:TSLA) by 221,100.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 22,120 shares of the electric vehicle producer’s stock after acquiring an additional 22,110 shares during the quarter. Tesla accounts for 4.9% of Berkshire Capital Holdings Inc.’s portfolio, making the stock its 10th largest position. Berkshire Capital Holdings Inc.’s holdings in Tesla were worth $7,586,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in TSLA. Global Financial Private Capital LLC boosted its holdings in shares of Tesla by 4.5% during the first quarter. Global Financial Private Capital LLC now owns 3,952 shares of the electric vehicle producer’s stock worth $1,052,000 after purchasing an additional 171 shares during the last quarter. Financial Advocates Investment Management boosted its holdings in shares of Tesla by 4.8% during the first quarter. Financial Advocates Investment Management now owns 3,864 shares of the electric vehicle producer’s stock worth $1,028,000 after purchasing an additional 176 shares during the last quarter. FCG Advisors LLC boosted its holdings in shares of Tesla by 26.6% during the first quarter. FCG Advisors LLC now owns 881 shares of the electric vehicle producer’s stock worth $234,000 after purchasing an additional 185 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of Tesla by 23.7% during the first quarter. Miracle Mile Advisors LLC now owns 1,001 shares of the electric vehicle producer’s stock worth $266,000 after purchasing an additional 192 shares during the last quarter. Finally, Boston Private Wealth LLC boosted its holdings in shares of Tesla by 19.8% during the first quarter. Boston Private Wealth LLC now owns 1,167 shares of the electric vehicle producer’s stock worth $311,000 after purchasing an additional 193 shares during the last quarter. 56.26% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on the company. Canaccord Genuity set a $316.00 price objective on Tesla and gave the stock a “hold” rating in a report on Tuesday. Barclays set a $210.00 price objective on Tesla and gave the stock a “sell” rating in a report on Monday. Royal Bank of Canada set a $315.00 price objective on Tesla and gave the stock a “neutral” rating in a report on Monday. Morgan Stanley set a $291.00 price objective on Tesla and gave the stock a “neutral” rating in a report on Monday. Finally, Morningstar set a $179.00 price objective on Tesla and gave the stock a “neutral” rating in a report on Monday, August 20th. Twelve investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $310.21.

In related news, CEO Elon Musk acquired 55,000 shares of Tesla stock in a transaction on Tuesday, June 12th. The shares were bought at an average price of $343.19 per share, for a total transaction of $18,875,450.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kimbal Musk sold 1,875 shares of the business’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $358.26, for a total value of $671,737.50. Following the transaction, the director now owns 150,208 shares in the company, valued at approximately $53,813,518.08. The disclosure for this sale can be found here. Insiders own 22.80% of the company’s stock.

Shares of Tesla stock opened at $303.15 on Friday. Tesla Inc has a twelve month low of $244.59 and a twelve month high of $389.61. The firm has a market capitalization of $54.47 billion, a P/E ratio of -26.41 and a beta of 0.65. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.37 and a current ratio of 0.73.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, August 1st. The electric vehicle producer reported ($3.06) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($3.61) by $0.55. Tesla had a negative return on equity of 50.84% and a negative net margin of 19.89%. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter last year, the firm earned ($1.33) earnings per share. The firm’s revenue for the quarter was up 43.5% compared to the same quarter last year. equities research analysts predict that Tesla Inc will post -10.77 EPS for the current year.

Tesla Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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