Tesla, Inc. $TSLA Shares Purchased by Charter Oak Capital Management LLC

Key Points

• Charter Oak Capital Management LLC increased its stake in Tesla by 127.1% in Q2, bringing its holdings to 2,144 shares, valued at $681,000.
• Tesla's shares are currently trading at $416.85, having seen a 12-month high of $488.54 and a low of $212.11.
• In its latest earnings report, Tesla reported $0.40 earnings per share, missing estimates, and revenue decreased 11.8% year-over-year.

Charter Oak Capital Management LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 127.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,144 shares of the electric vehicle producer's stock after acquiring an additional 1,200 shares during the period. Charter Oak Capital Management LLC's holdings in Tesla were worth $681,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after buying an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Tesla by 21.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock worth $2,147,000 after buying an additional 931 shares in the last quarter. Mascagni Wealth Management Inc. purchased a new stake in shares of Tesla during the fourth quarter worth about $346,000. Highview Capital Management LLC DE purchased a new stake in shares of Tesla during the fourth quarter worth about $2,367,000. Finally, Bison Wealth LLC grew its holdings in shares of Tesla by 52.2% during the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer's stock worth $4,187,000 after buying an additional 3,558 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $292.89, for a total transaction of $1,171,560.00. Following the transaction, the chief financial officer directly owned 5,924 shares of the company's stock, valued at approximately $1,735,080.36. The trade was a 40.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James R. Murdoch sold 120,000 shares of the business's stock in a transaction on 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 transaction, the director directly owned 697,031 shares in the company, valued at approximately $244,162,988.99. The trade was a 14.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 208,606 shares of company stock valued at $77,360,462. Corporate insiders own 19.90% of the company's stock.

Tesla Trading Up 1.9%

TSLA traded up $8.14 during trading on Monday, hitting $434.21. 96,526,944 shares of the company's stock were exchanged, compared to its average volume of 86,280,128. The stock has a 50 day moving average price of $343.03 and a 200 day moving average price of $309.87. Tesla, Inc. has a 1 year low of $212.11 and a 1 year high of $488.54. 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 cap of $1.44 trillion, a P/E ratio of 250.99, a price-to-earnings-growth ratio of 14.86 and a beta of 2.06.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 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 analyst estimates of $23.18 billion. During the same period in the previous year, the firm posted $0.52 earnings per share. The company's revenue for the quarter was down 11.8% on a year-over-year basis. As a group, analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TSLA shares. Dbs Bank lifted their price target on shares of Tesla from $300.00 to $450.00 in a report on Wednesday, September 17th. CICC Research lifted their price target on shares of Tesla from $360.00 to $450.00 and gave the stock an "outperform" rating in a report on Thursday. William Blair reiterated a "market perform" rating on shares of Tesla in a report on Friday, September 5th. Mizuho lowered their target price on shares of Tesla from $390.00 to $375.00 and set an "outperform" rating for the company in a report on Tuesday, July 8th. Finally, The Goldman Sachs Group boosted their target price on shares of Tesla from $300.00 to $395.00 and gave the company a "neutral" rating in a report on Thursday. Two 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, the stock presently has a consensus rating of "Hold" and an average target price of $324.53.

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.