Childress Capital Advisors LLC Boosts Stake in Tesla, Inc. $TSLA

Childress Capital Advisors LLC lifted its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 38.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,758 shares of the electric vehicle producer's stock after acquiring an additional 3,006 shares during the period. Tesla accounts for about 0.9% of Childress Capital Advisors LLC's investment portfolio, making the stock its 26th largest holding. Childress Capital Advisors LLC's holdings in Tesla were worth $3,417,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in Tesla by 322.1% during the first quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock valued at $6,891,201,000 after buying an additional 20,291,139 shares during the period. Nuveen LLC bought a new position in shares of Tesla in the 1st quarter worth about $3,247,619,000. Kingstone Capital Partners Texas LLC lifted its position 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 acquiring an additional 6,435,598 shares during the period. Amundi boosted its stake in Tesla by 29.4% during the first quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer's stock worth $4,482,789,000 after acquiring an additional 3,814,610 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Tesla by 1.5% in the first quarter. Vanguard Group Inc. now owns 246,887,705 shares of the electric vehicle producer's stock worth $63,983,418,000 after purchasing an additional 3,694,524 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Tesla news, SVP Xiaotong Zhu sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the sale, the senior vice president directly owned 47,600 shares of the company's stock, valued at approximately $17,314,500. This represents a 29.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James R. Murdoch sold 60,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the completion of the transaction, the director owned 637,031 shares in the company, valued at $269,260,263.08. The trade was a 8.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 208,606 shares of company stock valued at $77,360,462 in the last quarter. 19.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TSLA has been the topic of a number of analyst reports. Argus reissued a "hold" rating on shares of Tesla in a research report on Monday, June 9th. Deutsche Bank Aktiengesellschaft boosted their target price on Tesla from $345.00 to $435.00 and gave the stock a "buy" rating in a report on Friday, September 26th. Baird R W upgraded Tesla from a "hold" rating to a "strong-buy" rating in a report on Friday, September 19th. William Blair reaffirmed a "market perform" rating on shares of Tesla in a research report on Friday, September 5th. Finally, Dbs Bank increased their price objective on shares of Tesla from $300.00 to $450.00 in a research report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twelve have given a Hold rating and nine have given a Sell rating to the company's stock. According to data from MarketBeat.com, Tesla currently has an average rating of "Hold" and an average price target of $337.15.

Tesla Price Performance

NASDAQ TSLA opened at $459.46 on Thursday. The stock has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 265.58, a PEG ratio of 15.46 and a beta of 2.08. Tesla, Inc. has a 1-year low of $212.11 and a 1-year high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. The business's fifty day moving average price is $359.13 and its 200-day moving average price is $318.62.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data 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 net margin of 6.54% and a return on equity of 7.98%. The firm had revenue of $22.50 billion for the quarter, compared to analysts' expectations of $23.18 billion. During the same quarter last year, the company posted $0.52 EPS. The firm's revenue was down 11.8% compared to the same quarter last year. On average, equities analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current 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.

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