Persium Advisors LLC Acquires Shares of 1,117 Tesla, Inc. $TSLA

Key Points

• Persium Advisors LLC acquired 1,117 shares of Tesla, Inc. valued at approximately $355,000 in the second quarter, highlighting ongoing interest from institutional investors.
• Analyst ratings on Tesla show a mixed perspective, with one "Strong Buy" rating, seventeen "Buy" ratings, and fourteen "Hold" ratings, indicating varied confidence among analysts.
• Tesla reported earnings per share of $0.40 for the last quarter, missing estimates, with a year-over-year revenue decline of 11.8%, raising concerns about future performance.

Persium Advisors LLC purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,117 shares of the electric vehicle producer's stock, valued at approximately $355,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TSLA. Cherry Tree Wealth Management LLC lifted its stake in Tesla by 86.3% in the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock worth $25,000 after purchasing an additional 44 shares during the last quarter. First PREMIER Bank raised its stake in 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 during the last quarter. Newton One Investments LLC lifted its stake in shares of Tesla by 250.0% during the first quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock worth $27,000 after buying an additional 75 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in Tesla in the first quarter valued at approximately $27,000. Finally, Chelsea Counsel Co. raised its stake in shares of Tesla by 59.7% during the 1st 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 during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Analyst Upgrades and Downgrades

TSLA has been the subject of a number of analyst reports. Mizuho reduced their price target on Tesla from $390.00 to $375.00 and set an "outperform" rating for the company in a report on Tuesday, July 8th. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research report on Thursday, July 24th. Glj Research reissued a "sell" rating on shares of Tesla in a research report on Thursday, July 24th. Argus reiterated a "hold" rating on shares of Tesla in a research note on Monday, June 9th. Finally, Canaccord Genuity Group upped their price objective on Tesla from $303.00 to $333.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, fourteen have given a Hold rating and nine have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Tesla currently has an average rating of "Hold" and an average target price of $303.00.

Tesla Stock Up 7.4%

TSLA stock opened at $395.94 on Monday. Tesla, Inc. has a one year low of $212.11 and a one year high of $488.54. The company has a fifty day moving average of $328.89 and a 200-day moving average of $303.72. The stock has a market capitalization of $1.28 trillion, a PE ratio of 228.87, a price-to-earnings-growth ratio of 13.81 and a beta of 2.06. 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 (NASDAQ:TSLA - Get Free Report) last released its 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). Tesla had a return on equity of 7.98% and a net margin of 6.54%.The business had revenue of $22.50 billion for the quarter, compared to analyst estimates of $23.18 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The business'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 year.

Insiders Place Their Bets

In other Tesla news, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction dated Thursday, September 11th. The shares were 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $292.89, for a total value of $1,171,560.00. Following the completion of the transaction, the chief financial officer directly owned 5,924 shares of the company's stock, valued at $1,735,080.36. The trade was a 40.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 148,606 shares of company stock worth $51,999,662. 20.70% of the stock is owned by company insiders.

About Tesla

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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