Tesla, Inc. $TSLA Shares Purchased by American Financial & Tax Strategies Inc.

American Financial & Tax Strategies Inc. boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 15.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,641 shares of the electric vehicle producer’s stock after purchasing an additional 220 shares during the quarter. American Financial & Tax Strategies Inc.’s holdings in Tesla were worth $521,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI acquired a new stake in Tesla during the first quarter worth about $27,000. Chelsea Counsel Co. increased its stake in Tesla by 59.7% during the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock worth $28,000 after acquiring an additional 40 shares during the last quarter. Centennial Bank AR increased its stake in Tesla by 833.3% during the first quarter. Centennial Bank AR now owns 112 shares of the electric vehicle producer’s stock worth $29,000 after acquiring an additional 100 shares during the last quarter. LGT Financial Advisors LLC acquired a new stake in Tesla during the second quarter worth about $29,000. Finally, Compass Wealth Management LLC increased its stake in Tesla by 360.0% during the first quarter. Compass Wealth Management LLC now owns 115 shares of the electric vehicle producer’s stock worth $30,000 after acquiring an additional 90 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Trading Down 3.4%

Shares of TSLA opened at $433.72 on Monday. The company has a market capitalization of $1.44 trillion, a P/E ratio of 289.15, a P/E/G ratio of 15.45 and a beta of 2.08. Tesla, Inc. has a one year low of $214.25 and a one year high of $488.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The stock has a 50-day moving average price of $398.06 and a 200 day moving average price of $341.21.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The company had revenue of $28.10 billion for the quarter, compared to the consensus estimate of $24.98 billion. During the same quarter last year, the business posted $0.72 EPS. Tesla’s quarterly revenue was up 11.6% compared to the same quarter last year. Sell-side analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the transaction, the chief financial officer owned 9,856 shares of the company’s stock, valued at $3,473,057.28. This trade represents a 20.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the transaction, the senior vice president directly owned 47,600 shares in the company, valued at approximately $17,314,500. This represents a 29.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 202,606 shares of company stock valued at $75,588,902 in the last quarter. Insiders own 19.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TSLA. Stifel Nicolaus set a $483.00 target price on Tesla and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Tesla in a research report on Thursday. Dbs Bank upped their target price on Tesla from $300.00 to $450.00 in a research report on Wednesday, September 17th. Bank of America upped their target price on Tesla from $305.00 to $341.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Finally, Melius Research set a $520.00 target price on Tesla and gave the stock a “buy” rating in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twelve have issued a Hold rating and eleven have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $381.00.

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. 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.