Flow Traders U.S. LLC Makes New Investment in Tesla, Inc. $TSLA

Flow Traders U.S. LLC purchased a new stake in Tesla, Inc. (NASDAQ:TSLA) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 36,493 shares of the electric vehicle producer’s stock, valued at approximately $11,592,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Chelsea Counsel Co. lifted its holdings in shares of Tesla by 59.7% during the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 40 shares during the last quarter. LGT Financial Advisors LLC acquired a new position in Tesla during the 2nd quarter valued at about $29,000. Evergreen Private Wealth LLC raised its stake in Tesla by 270.0% in the second quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock valued at $35,000 after buying an additional 81 shares during the last quarter. Glynn Capital Management LLC acquired a new stake in Tesla in the second quarter worth about $35,000. Finally, LSV Asset Management grew its stake in shares of Tesla by 400.0% during the second quarter. LSV Asset Management now owns 120 shares of the electric vehicle producer’s stock worth $38,000 after acquiring an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 0.1%

Tesla stock opened at $455.00 on Friday. The business’s 50-day moving average price is $434.93 and its 200 day moving average price is $372.41. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.51 trillion, a price-to-earnings ratio of 303.33, a price-to-earnings-growth ratio of 15.36 and a beta of 1.87. Tesla, Inc. has a 52 week low of $214.25 and a 52 week high of $488.54.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The business had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 EPS. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. President Capital lifted their target price on shares of Tesla from $373.00 to $529.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Dbs Bank upgraded shares of Tesla to a “hold” rating in a research note on Wednesday, November 5th. Royal Bank Of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of Tesla in a report on Thursday, October 23rd. Cantor Fitzgerald set a $510.00 price target on Tesla and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Finally, TD Cowen raised their price objective on Tesla from $374.00 to $509.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have issued a Hold rating and nine have issued a Sell rating to the company. According to MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus price target of $398.92.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction dated Monday, September 8th. The stock was 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 owned 9,856 shares in the company, valued at $3,473,057.28. The trade was a 20.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the senior vice president directly owned 47,600 shares of the company’s stock, valued at $17,314,500. The trade was a 29.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 82,606 shares of company stock worth $33,554,102. 19.90% of the stock is owned by company insiders.

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.