F m Investments LLC Decreases Stock Holdings in Tesla, Inc. $TSLA

F m Investments LLC reduced its holdings in Tesla, Inc. (NASDAQ:TSLA) by 1.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,821 shares of the electric vehicle producer’s stock after selling 548 shares during the period. F m Investments LLC’s holdings in Tesla were worth $9,473,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Siren L.L.C. bought a new stake in Tesla in the first quarter worth about $2,332,000. Zuckerman Investment Group LLC increased its stake in shares of Tesla by 6.9% during the first quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer’s stock valued at $3,304,000 after buying an additional 826 shares during the period. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Tesla by 5.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 427,150 shares of the electric vehicle producer’s stock valued at $135,688,000 after purchasing an additional 22,607 shares in the last quarter. Keystone Global Partners LLC bought a new stake in Tesla during the 1st quarter valued at $594,000. Finally, Strs Ohio purchased a new position in Tesla in the first quarter valued at about $205,495,000. 66.20% of the stock is owned by institutional investors.

Tesla Stock Performance

NASDAQ TSLA opened at $426.58 on Friday. 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’s fifty day moving average is $433.87 and its two-hundred day moving average is $368.17. The firm has a market capitalization of $1.42 trillion, a P/E ratio of 284.39, a price-to-earnings-growth ratio of 16.84 and a beta of 2.06. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $488.54.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on TSLA shares. The Goldman Sachs Group cut their price target on shares of Tesla from $425.00 to $400.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Wall Street Zen raised shares of Tesla from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. New Street Research raised their target price on Tesla from $465.00 to $520.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Wedbush reiterated an “outperform” rating and issued a $600.00 price objective on shares of Tesla in a research report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Tesla from $115.00 to $150.00 in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have issued a Hold rating and ten have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $394.03.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the sale, the chief financial officer owned 9,856 shares in the company, valued at $3,473,057.28. This trade represents a 20.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the sale, the director directly owned 637,031 shares in the company, valued at approximately $269,260,263.08. The trade was a 8.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 82,606 shares of company stock worth $33,554,102. Insiders own 19.90% of the company’s stock.

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.