786 Shares in Tesla, Inc. $TSLA Acquired by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV purchased a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 786 shares of the electric vehicle producer's stock, valued at approximately $250,000.

Several other large investors also recently modified their holdings of TSLA. Means Investment CO. Inc. boosted its position in shares of Tesla by 37.7% during the 1st quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer's stock worth $5,984,000 after purchasing an additional 6,323 shares in the last quarter. Focus Financial Network Inc. raised its stake in Tesla by 3.1% during the 1st quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer's stock worth $5,823,000 after buying an additional 670 shares during the period. Siren L.L.C. bought a new position in Tesla in the first quarter worth approximately $2,332,000. Zuckerman Investment Group LLC grew its stake in Tesla by 6.9% in 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 acquiring an additional 826 shares during the period. Finally, Keystone Global Partners LLC bought a new stake in shares of Tesla during the first quarter valued at approximately $594,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Trading Down 1.4%

Shares of TSLA opened at $429.83 on Monday. Tesla, Inc. has a fifty-two week low of $212.11 and a fifty-two week high of $488.54. The business has a 50-day moving average of $364.02 and a 200 day moving average of $322.58. The firm has a market cap of $1.43 trillion, a P/E ratio of 248.46, a price-to-earnings-growth ratio of 14.93 and a beta of 2.08. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share 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 business had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $23.18 billion. During the same quarter in the prior year, the business earned $0.52 EPS. Tesla's revenue for the quarter was down 11.8% compared to the same quarter last year. As a group, research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Buying and Selling at Tesla

In related news, SVP Xiaotong Zhu sold 20,000 shares of the business's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the sale, the senior vice president directly owned 47,600 shares in the company, valued at approximately $17,314,500. The trade was a 29.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm's 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 of the company's stock, valued at approximately $3,473,057.28. This represents a 20.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 204,606 shares of company stock valued at $76,188,902 in the last 90 days. 19.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TSLA has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their price target on shares of Tesla from $395.00 to $425.00 and gave the company a "neutral" rating in a research report on Friday. Glj Research reissued a "sell" rating on shares of Tesla in a research report on Thursday, July 24th. HSBC upped their target price on shares of Tesla from $120.00 to $127.00 in a report on Monday, September 29th. Guggenheim reiterated a "sell" rating and set a $175.00 price target on shares of Tesla in a research note on Wednesday, July 23rd. Finally, Dbs Bank boosted their price objective on Tesla from $300.00 to $450.00 in a report on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, thirteen have issued a Hold rating and eight have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $343.43.

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.

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