Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Chicago Capital LLC

Chicago Capital LLC increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,063 shares of the electric vehicle producer’s stock after buying an additional 399 shares during the quarter. Chicago Capital LLC’s holdings in Tesla were worth $3,376,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. DDFG Inc increased its position in Tesla by 7.1% in the 4th quarter. DDFG Inc now owns 1,065 shares of the electric vehicle producer’s stock valued at $265,000 after acquiring an additional 71 shares during the period. Vantage Financial Partners LLC increased its holdings in shares of Tesla by 6.4% during the fourth quarter. Vantage Financial Partners LLC now owns 5,763 shares of the electric vehicle producer’s stock valued at $1,432,000 after purchasing an additional 346 shares during the period. Gilbert & Cook Inc. lifted its holdings in Tesla by 8.7% in the fourth quarter. Gilbert & Cook Inc. now owns 13,511 shares of the electric vehicle producer’s stock worth $3,357,000 after purchasing an additional 1,086 shares during the period. 9258 Wealth Management LLC grew its position in Tesla by 1.1% in the 4th quarter. 9258 Wealth Management LLC now owns 6,165 shares of the electric vehicle producer’s stock valued at $1,532,000 after buying an additional 69 shares in the last quarter. Finally, Rollins Financial grew its position in Tesla by 10.2% in the 4th quarter. Rollins Financial now owns 120,416 shares of the electric vehicle producer’s stock valued at $29,921,000 after buying an additional 11,191 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Robyn M. Denholm sold 66,364 shares of Tesla stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $219.96, for a total value of $14,597,425.44. Following the transaction, the director now directly owns 85,000 shares in the company, valued at $18,696,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 25.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TSLA shares. Wolfe Research started coverage on shares of Tesla in a report on Thursday. They issued a “peer perform” rating for the company. Mizuho lifted their target price on Tesla from $180.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. Canaccord Genuity Group boosted their price target on shares of Tesla from $222.00 to $254.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $120.00 price objective on shares of Tesla in a research note on Monday, July 1st. Finally, Wedbush restated an “outperform” rating and set a $300.00 target price on shares of Tesla in a report on Wednesday, July 24th. Nine equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $204.21.

Tesla Stock Down 8.4 %

Shares of TSLA stock traded down $19.44 on Friday, hitting $210.73. The company’s stock had a trading volume of 111,432,758 shares, compared to its average volume of 68,186,248. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40. The stock has a market capitalization of $673.21 billion, a price-to-earnings ratio of 53.76, a P/E/G ratio of 5.80 and a beta of 2.29. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $278.98. The firm’s fifty day moving average price is $224.47 and its 200-day moving average price is $193.60.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The company had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. Tesla had a return on equity of 10.41% and a net margin of 13.00%. Tesla’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 EPS. Research analysts anticipate that Tesla, Inc. will post 1.75 EPS for the current year.

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.