Ariston Services Group Purchases Shares of 1,250 Tesla, Inc. $TSLA

Key Points

• Ariston Services Group has acquired a new stake in Tesla, purchasing 1,250 shares valued at approximately $324,000.
• Significant investments in Tesla were also made by several other institutional investors, including ADAPT Investment Managers, which boosted its stake by 103.7%, now holding shares worth $8.2 million.
• Recent analyses indicate a consensus rating of "Hold" for Tesla’s stock, with an average target price of $303.31.

Ariston Services Group bought a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,250 shares of the electric vehicle producer's stock, valued at approximately $324,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sax Wealth Advisors LLC boosted its stake in shares of Tesla by 15.3% in the 1st quarter. Sax Wealth Advisors LLC now owns 3,422 shares of the electric vehicle producer's stock valued at $887,000 after purchasing an additional 453 shares in the last quarter. ADAPT Investment Managers SA boosted its stake in shares of Tesla by 103.7% in the 1st quarter. ADAPT Investment Managers SA now owns 31,750 shares of the electric vehicle producer's stock valued at $8,228,000 after purchasing an additional 881,750 shares in the last quarter. AlphaQuest LLC boosted its stake in shares of Tesla by 34.2% in the 1st quarter. AlphaQuest LLC now owns 259 shares of the electric vehicle producer's stock valued at $67,000 after purchasing an additional 66 shares in the last quarter. Van Hulzen Asset Management LLC boosted its stake in shares of Tesla by 17.4% in the 1st quarter. Van Hulzen Asset Management LLC now owns 87,229 shares of the electric vehicle producer's stock valued at $22,606,000 after purchasing an additional 12,958 shares in the last quarter. Finally, Strategies Wealth Advisors LLC acquired a new stake in shares of Tesla in the 1st quarter valued at $877,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wedbush restated an "outperform" rating and issued a $500.00 target price on shares of Tesla in a research note on Monday, August 4th. Glj Research reiterated a "sell" rating on shares of Tesla in a research report on Thursday, July 24th. Guggenheim reissued a "sell" rating and set a $175.00 price objective on shares of Tesla in a report on Wednesday, July 23rd. Morgan Stanley restated an "overweight" rating and issued a $410.00 price objective on shares of Tesla in a research report on Friday, June 6th. Finally, Daiwa Capital Markets restated a "neutral" rating on shares of Tesla in a research report on Sunday, July 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, fifteen have assigned a Hold rating and nine have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $303.31.

Tesla Stock Up 6.2%

Shares of NASDAQ TSLA opened at $340.01 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $1.10 trillion, a PE ratio of 196.54, a price-to-earnings-growth ratio of 11.13 and a beta of 2.33. The firm's 50-day moving average is $321.27 and its 200-day moving average is $303.60. Tesla, Inc. has a 1 year low of $202.59 and a 1 year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly 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). The business had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%.The company's quarterly revenue was down 11.8% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share. Equities analysts expect 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 15,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the completion of the sale, the senior vice president directly owned 67,600 shares of the company's stock, valued at $21,889,556. The trade was a 18.16% 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 Ira Matthew Ehrenpreis sold 477,572 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the sale, the director directly owned 855,394 shares of the company's stock, valued at approximately $305,632,276.20. This trade represents a 35.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 599,724 shares of company stock valued at $213,126,501. 20.70% of the stock is currently owned by corporate 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.

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