1,634 Shares in Tesla, Inc. $TSLA Acquired by International Private Wealth Advisors LLC

Key Points

• International Private Wealth Advisors LLC purchased 1,634 shares of Tesla, valued at approximately $519,000, marking a new position in the company.
• Several institutional investors have significantly increased their stakes in Tesla, with Goldman Sachs boosting its holdings by 322.1% and GAMMA Investing LLC increasing its holdings by an astounding 27,378.6% during the first quarter.
• Insider trading has been notable, with SVP Xiaotong Zhu selling 20,000 shares and Director James R. Murdoch selling 120,000 shares, leading to significant decreases in their ownership percentages.

International Private Wealth Advisors LLC bought a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 1,634 shares of the electric vehicle producer's stock, valued at approximately $519,000.

A number of other large investors have also recently made changes to their positions in the business. TCV Trust & Wealth Management Inc. grew its holdings in Tesla by 3.7% during the 2nd quarter. TCV Trust & Wealth Management Inc. now owns 1,129 shares of the electric vehicle producer's stock valued at $359,000 after purchasing an additional 40 shares during the last quarter. Mandatum Life Insurance Co Ltd grew its holdings in Tesla by 33.8% during the 2nd quarter. Mandatum Life Insurance Co Ltd now owns 2,940 shares of the electric vehicle producer's stock valued at $934,000 after purchasing an additional 743 shares during the last quarter. Kingstone Capital Partners Texas LLC grew its holdings in Tesla by 581,880.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer's stock valued at $2,044,683,000 after purchasing an additional 6,435,598 shares during the last quarter. IFM Investors Pty Ltd boosted its position in Tesla by 4.1% in the 2nd quarter. IFM Investors Pty Ltd now owns 567,766 shares of the electric vehicle producer's stock valued at $180,357,000 after buying an additional 22,592 shares during the period. Finally, Grove Bank & Trust boosted its position in Tesla by 3.8% in the 2nd quarter. Grove Bank & Trust now owns 3,251 shares of the electric vehicle producer's stock valued at $1,033,000 after buying an additional 118 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tesla

In other news, SVP Xiaotong Zhu sold 20,000 shares of the firm's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the transaction, the senior vice president directly owned 47,600 shares of the company's stock, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James R. Murdoch sold 120,000 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the completion of the transaction, the director directly owned 697,031 shares in the company, valued at approximately $244,162,988.99. This represents a 14.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 208,606 shares of company stock valued at $77,360,462 over the last ninety days. Corporate insiders own 20.70% of the company's stock.

Analyst Ratings Changes

TSLA has been the subject of several research reports. Royal Bank Of Canada reissued an "overweight" rating on shares of Tesla in a research report on Tuesday, July 29th. Benchmark reissued a "buy" rating and issued a $475.00 price objective (up from $350.00) on shares of Tesla in a research report on Thursday, June 26th. Argus reissued a "hold" rating on shares of Tesla in a research report on Monday, June 9th. Daiwa Capital Markets reissued a "neutral" rating on shares of Tesla in a research report on Sunday, July 27th. Finally, Baird R W raised shares of Tesla from a "hold" rating to a "strong-buy" rating in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twelve have given a Hold rating and nine have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $324.53.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded up $7.96 during midday trading on Monday, reaching $434.03. The company's stock had a trading volume of 89,666,260 shares, compared to its average volume of 103,313,813. The firm has a market capitalization of $1.44 trillion, a PE ratio of 250.89, a P/E/G ratio of 14.86 and a beta of 2.06. Tesla, Inc. has a twelve month low of $212.11 and a twelve month high of $488.54. The stock has a fifty day moving average of $340.68 and a 200 day moving average of $308.67. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). Tesla had a return on equity of 7.98% and a net margin of 6.54%.The firm had revenue of $22.50 billion for the quarter, compared to analysts' expectations of $23.18 billion. During the same period last year, the company posted $0.52 earnings per share. The business's quarterly revenue was down 11.8% on a year-over-year basis. On average, equities analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.