Optas LLC Has $1.92 Million Holdings in Tesla, Inc. $TSLA

Optas LLC boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 51.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,053 shares of the electric vehicle producer's stock after purchasing an additional 2,069 shares during the period. Optas LLC's holdings in Tesla were worth $1,923,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Cherry Tree Wealth Management LLC grew its stake in shares of Tesla by 86.3% in the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after buying an additional 44 shares in the last quarter. First PREMIER Bank grew its stake in shares of Tesla by 79.2% in the first quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after buying an additional 42 shares in the last quarter. Newton One Investments LLC grew its stake in shares of Tesla by 250.0% in the first quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock valued at $27,000 after buying an additional 75 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Tesla in the first quarter valued at $27,000. Finally, Chelsea Counsel Co. grew its stake in shares of 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 owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on TSLA. HSBC increased their price objective on shares of Tesla from $120.00 to $127.00 in a research report on Monday, September 29th. Bank of America increased their price objective on shares of Tesla from $305.00 to $341.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Canaccord Genuity Group increased their price objective on shares of Tesla from $333.00 to $490.00 and gave the company a "buy" rating in a research report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Tesla from $345.00 to $435.00 and gave the company a "buy" rating in a research report on Friday, September 26th. Finally, The Goldman Sachs Group increased their price objective on shares of Tesla from $395.00 to $425.00 and gave the company a "neutral" rating in a research report on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, thirteen have given a Hold rating and eight have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $349.37.

Tesla Trading Down 0.7%

TSLA opened at $435.54 on Friday. The company's 50 day moving average is $373.75 and its 200-day moving average is $326.64. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a 1-year low of $212.11 and a 1-year high of $488.54. The company has a market cap of $1.45 trillion, a P/E ratio of 251.76, a PEG ratio of 16.04 and a beta of 2.08.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). The firm 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 firm's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 EPS. Equities research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In other news, Director James R. Murdoch sold 120,000 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total value of $42,034,800.00. Following the transaction, the director owned 697,031 shares in the company, valued at approximately $244,162,988.99. The trade was a 14.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Xiaotong Zhu sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the transaction, the senior vice president owned 47,600 shares in the company, valued at $17,314,500. This trade represents a 29.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 202,606 shares of company stock worth $75,588,902. Company insiders own 19.90% of the company's stock.

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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