Capstone Financial Advisors Inc. Grows Stock Holdings in Tesla, Inc. $TSLA

Capstone Financial Advisors Inc. lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 11.3% during the second quarter, HoldingsChannel.com reports. The fund owned 3,186 shares of the electric vehicle producer’s stock after buying an additional 323 shares during the quarter. Capstone Financial Advisors Inc.’s holdings in Tesla were worth $1,012,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. First Merchants Corp lifted its holdings in shares of Tesla by 1.3% in the 2nd quarter. First Merchants Corp now owns 2,413 shares of the electric vehicle producer’s stock worth $767,000 after buying an additional 31 shares during the period. Alaska Wealth Advisors raised its holdings in shares of Tesla by 3.4% in the second quarter. Alaska Wealth Advisors now owns 985 shares of the electric vehicle producer’s stock valued at $313,000 after acquiring an additional 32 shares in the last quarter. KWB Wealth lifted its stake in Tesla by 2.4% in the second quarter. KWB Wealth now owns 1,381 shares of the electric vehicle producer’s stock worth $439,000 after acquiring an additional 33 shares during the period. Conrad Siegel Investment Advisors Inc. grew its holdings in Tesla by 3.6% during the 2nd quarter. Conrad Siegel Investment Advisors Inc. now owns 976 shares of the electric vehicle producer’s stock worth $310,000 after acquiring an additional 34 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. increased its position in Tesla by 0.7% during the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 5,107 shares of the electric vehicle producer’s stock valued at $1,622,000 after purchasing an additional 34 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Down 6.6%

Shares of TSLA stock opened at $401.99 on Friday. The stock’s fifty day moving average price is $428.60 and its 200 day moving average price is $359.48. Tesla, Inc. has a 1-year low of $214.25 and a 1-year high of $488.54. The company has a market cap of $1.34 trillion, a price-to-earnings ratio of 267.99, a price-to-earnings-growth ratio of 16.84 and a beta of 2.06. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. During the same quarter last year, the company earned $0.72 earnings per share. The company’s quarterly revenue was up 11.6% on a year-over-year basis. On average, research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TSLA shares. Mizuho upped their price target on shares of Tesla from $450.00 to $485.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Tesla in a report on Thursday, October 30th. China Renaissance increased their target price on Tesla from $349.00 to $380.00 and gave the company a “hold” rating in a research report on Friday, October 24th. DZ Bank reissued a “sell” rating on shares of Tesla in a research report on Thursday, October 23rd. Finally, Melius initiated coverage on Tesla in a research report on Monday, October 13th. They set a “buy” rating and a $520.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have assigned a Hold rating and ten have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $393.61.

Insider Buying and Selling

In other news, SVP Xiaotong Zhu sold 20,000 shares of Tesla stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the sale, the senior vice president directly owned 47,600 shares in the company, valued at approximately $17,314,500. The trade was a 29.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of the transaction, the chief financial officer directly owned 9,856 shares in the company, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 202,606 shares of company stock worth $75,588,902 in the last three months. Corporate insiders own 19.90% of the company’s stock.

Tesla 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.