Rahlfs Capital LLC Acquires 1,210 Shares of Tesla, Inc. $TSLA

Key Points

• Rahlfs Capital LLC increased its stake in Tesla by 114.7%, acquiring an additional 1,210 shares, bringing its total holdings to 2,265 shares valued at approximately $587,000.
• Several institutional investors significantly boosted their holdings in Tesla during the first quarter, with Goldman Sachs increasing its stake by 322.1% and now owning over $6.89 billion worth of shares.
• Tesla's most recent earnings report revealed an EPS of $0.40, falling short of analysts' expectations, with revenue down 11.8% year-over-year at $22.50 billion.

Rahlfs Capital LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 114.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,265 shares of the electric vehicle producer's stock after purchasing an additional 1,210 shares during the period. Rahlfs Capital LLC's holdings in Tesla were worth $587,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TSLA. Goldman Sachs Group Inc. lifted its holdings in shares of Tesla by 322.1% during the 1st 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 purchasing an additional 20,291,139 shares in the last quarter. Nuveen LLC bought a new position in shares of Tesla during the 1st quarter valued at about $3,247,619,000. GAMMA Investing LLC lifted its holdings in shares of Tesla by 27,378.6% during the 1st quarter. GAMMA Investing LLC now owns 9,812,316 shares of the electric vehicle producer's stock valued at $2,542,960,000 after purchasing an additional 9,776,607 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Tesla by 21.6% during the 4th quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock valued at $11,541,592,000 after purchasing an additional 5,075,418 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Tesla by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 246,887,705 shares of the electric vehicle producer's stock valued at $63,983,418,000 after purchasing an additional 3,694,524 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Tesla Trading Up 6.2%

Shares of Tesla stock opened at $340.01 on Friday. Tesla, Inc. has a 12-month low of $202.59 and a 12-month high of $488.54. The stock has a market cap of $1.10 trillion, a P/E ratio of 196.54, a P/E/G ratio of 11.13 and a beta of 2.33. 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's 50 day moving average is $321.27 and its 200-day moving average is $303.60.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). Tesla had a return on equity of 7.98% and a net margin of 6.54%.The company had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $23.18 billion. During the same quarter in the prior year, the company earned $0.52 EPS. The company's revenue for the quarter was down 11.8% on a year-over-year basis. Equities research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Benchmark reiterated a "buy" rating and set a $475.00 price objective (up previously from $350.00) on shares of Tesla in a report on Thursday, June 26th. Argus reissued a "hold" rating on shares of Tesla in a research report on Monday, June 9th. HSBC reissued a "reduce" rating and issued a $120.00 target price on shares of Tesla in a research report on Thursday, July 3rd. Mizuho dropped their target price on Tesla from $390.00 to $375.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 8th. Finally, Daiwa Capital Markets reissued a "neutral" rating on shares of Tesla in a research report on Sunday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, fifteen have issued a Hold rating and nine have given a Sell rating to the stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and an average target price of $303.31.

Insider Buying and Selling

In other news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the sale, the director owned 855,394 shares in the company, valued at $305,632,276.20. This represents a 35.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Vaibhav Taneja sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $300.00, for a total value of $600,000.00. Following the sale, the chief financial officer owned 5,924 shares in the company, valued at approximately $1,777,200. This represents a 25.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 599,724 shares of company stock worth $213,126,501. 20.70% of the stock is currently owned by company insiders.

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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