Alpha Family Trust Has $2.48 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Alpha Family Trust grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 8.5% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 12,530 shares of the electric vehicle producer’s stock after buying an additional 985 shares during the period. Tesla makes up 1.5% of Alpha Family Trust’s investment portfolio, making the stock its 12th biggest holding. Alpha Family Trust’s holdings in Tesla were worth $2,479,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Bank & Trust Co bought a new stake in Tesla in the second quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new stake in Tesla in the second quarter valued at about $26,000. OLD Point Trust & Financial Services N A bought a new stake in Tesla in the fourth quarter valued at about $37,000. Kessler Investment Group LLC increased its stake in Tesla by 35.9% in the second quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle producer’s stock valued at $38,000 after acquiring an additional 51 shares during the period. Finally, Aspect Partners LLC increased its stake in Tesla by 121.3% in the second quarter. Aspect Partners LLC now owns 208 shares of the electric vehicle producer’s stock valued at $41,000 after acquiring an additional 114 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other news, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the sale, the director now owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the transaction, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the transaction, the director now owns 85,000 shares of the company’s stock, valued at $18,696,600. The disclosure for this sale can be found here. Insiders own 25.10% of the company’s stock.

Tesla Stock Down 1.5 %

Tesla stock opened at $226.78 on Tuesday. The firm has a market capitalization of $723.25 billion, a PE ratio of 57.85, a P/E/G ratio of 6.08 and a beta of 2.29. The company’s 50-day moving average is $222.85 and its 200-day moving average is $194.75. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $273.93. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40.

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

Analyst Ratings Changes

Several brokerages have weighed in on TSLA. Stifel Nicolaus began coverage on shares of Tesla in a research note on Tuesday, June 25th. They set a “buy” rating and a $265.00 price objective on the stock. Barclays decreased their price objective on shares of Tesla from $225.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Roth Mkm reaffirmed a “neutral” rating and set a $85.00 price objective on shares of Tesla in a research note on Wednesday, July 24th. TD Cowen upped their price objective on shares of Tesla from $160.00 to $180.00 and gave the stock a “hold” rating in a research note on Wednesday, July 3rd. Finally, Glj Research reaffirmed a “sell” rating and set a $24.86 price objective on shares of Tesla in a research note on Thursday, September 5th. Nine research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $209.60.

About Tesla

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.