Moment Partners LLC Makes New $202,000 Investment in Tesla, Inc. $TSLA

Key Points

• Moment Partners LLC invested $202,000 in Tesla by acquiring 635 shares during the second quarter, as reported in its Form 13F filing.
• Major institutional investors such as Vanguard, Goldman Sachs, and Charles Schwab significantly increased their holdings in Tesla in the first quarter.
• Analysts have set various price targets for Tesla, with Piper Sandler and TD Cowen raising their targets to $500 and $509 respectively, while a consensus rating remains at "Hold" with an average target of $380.03.

Moment Partners LLC bought a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 635 shares of the electric vehicle producer's stock, valued at approximately $202,000.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of 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 acquiring an additional 3,694,524 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Tesla by 322.1% in the first quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock worth $6,891,201,000 after acquiring an additional 20,291,139 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Tesla by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 18,174,941 shares of the electric vehicle producer's stock worth $4,710,218,000 after acquiring an additional 849,091 shares during the period. Amundi boosted its holdings in shares of Tesla by 29.4% in 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 during the period. Finally, Invesco Ltd. boosted its holdings in shares of Tesla by 17.6% in the first quarter. Invesco Ltd. now owns 14,786,414 shares of the electric vehicle producer's stock worth $3,832,047,000 after acquiring an additional 2,211,300 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Piper Sandler raised their price target on Tesla from $400.00 to $500.00 and gave the stock an "overweight" rating in a report on Monday, September 22nd. TD Cowen lifted their price objective on Tesla from $374.00 to $509.00 and gave the company a "buy" rating in a research note on Thursday, October 9th. UBS Group set a $247.00 price objective on Tesla in a research note on Monday, October 6th. Industrial Alliance Securities set a $300.00 price objective on Tesla in a research note on Monday, October 13th. Finally, Cantor Fitzgerald set a $510.00 price objective on Tesla in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twelve have issued a Hold rating and eleven have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $380.03.

Tesla Trading Down 1.7%

Shares of TSLA stock opened at $441.56 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $396.00 and a two-hundred day moving average price of $338.45. Tesla, Inc. has a 12-month low of $214.25 and a 12-month high of $488.54. The firm has a market cap of $1.47 trillion, a P/E ratio of 294.26, a price-to-earnings-growth ratio of 15.78 and a beta of 2.08.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. Tesla had a return on equity of 6.72% and a net margin of 5.51%.The firm had revenue of $28.10 billion during the quarter, compared to analyst estimates of $24.98 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company's revenue was up 11.6% compared to the same quarter last year. Equities analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 owned 47,600 shares in the company, valued at approximately $17,314,500. This represents a 29.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 202,606 shares of company stock valued at $75,588,902 over the last 90 days. Insiders own 19.90% of the company's stock.

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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