KG&L Capital Management LLC Has $5.08 Million Position in Tesla, Inc. $TSLA

Key Points

• KG&L Capital Management LLC increased its position in Tesla, Inc. by 53.8% in the 2nd quarter, owning approximately $5.08 million worth of the stock.
• Institutional investors currently own 66.20% of Tesla's stock, with several firms significantly increasing their stakes during recent quarters.
• Research analysts have mixed views on Tesla, with ratings varying from Strong Buy to Sell, and an average price target of $332.33.

KG&L Capital Management LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 53.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,978 shares of the electric vehicle producer's stock after acquiring an additional 5,586 shares during the period. Tesla comprises 1.5% of KG&L Capital Management LLC's holdings, making the stock its 14th largest holding. KG&L Capital Management LLC's holdings in Tesla were worth $5,076,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSLA. Cherry Tree Wealth Management LLC raised its stake in Tesla by 86.3% during the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock worth $25,000 after acquiring an additional 44 shares in the last quarter. First PREMIER Bank grew its holdings in shares of Tesla by 79.2% during the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after purchasing an additional 42 shares during the last quarter. Newton One Investments LLC increased its position in Tesla by 250.0% during the 1st quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in Tesla in the 1st quarter valued at approximately $27,000. Finally, Chelsea Counsel Co. boosted its position in Tesla by 59.7% in the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock valued at $28,000 after buying an additional 40 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TSLA shares. Benchmark reiterated a "buy" rating and issued a $475.00 price target (up from $350.00) on shares of Tesla in a research note on Thursday, June 26th. William Blair reiterated a "market perform" rating on shares of Tesla in a research report on Friday, September 5th. Dbs Bank lifted their price target on Tesla from $300.00 to $450.00 in a research note on Wednesday, September 17th. UBS Group reaffirmed a "sell" rating on shares of Tesla in a research note on Monday, September 22nd. Finally, The Goldman Sachs Group lifted their target price on shares of Tesla from $300.00 to $395.00 and gave the stock a "neutral" rating in a research report on Thursday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twelve have given a Hold rating and nine have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $332.33.

Insiders Place Their Bets

In other news, SVP Xiaotong Zhu sold 20,000 shares of Tesla stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $352.38, for a total value of $918,302.28. Following the sale, the chief financial officer owned 9,856 shares in the company, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 208,606 shares of company stock worth $77,360,462. Company insiders own 19.90% of the company's stock.

Tesla Stock Performance

NASDAQ:TSLA opened at $440.40 on Monday. 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, Inc. has a fifty-two week low of $212.11 and a fifty-two week high of $488.54. The company has a 50 day simple moving average of $352.05 and a two-hundred day simple moving average of $315.40. The company has a market capitalization of $1.46 trillion, a PE ratio of 254.57, a P/E/G ratio of 15.36 and a beta of 2.06.

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 during the quarter, compared to the consensus estimate of $23.18 billion. During the same period in the prior year, the company posted $0.52 earnings per share. The company's revenue for the quarter was down 11.8% compared to the same quarter last year. Research analysts anticipate 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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