RPg Family Wealth Advisory LLC Makes New $885,000 Investment in Tesla, Inc. $TSLA

Key Points

• RPg Family Wealth Advisory LLC made a new investment in Tesla, acquiring 3,414 shares valued at approximately $885,000.
• Despite recent investments, analysts have mixed opinions on Tesla's stock, with ratings ranging from "Strong Buy" to "Sell" and a consensus price target of $303.31.
• Tesla reported earnings per share of $0.40 for the last quarter, missing estimates, and experienced an 11.8% revenue decline compared to the same quarter last year.

RPg Family Wealth Advisory LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,414 shares of the electric vehicle producer's stock, valued at approximately $885,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC bought a new stake in Tesla during the 4th quarter worth about $56,600,000. Means Investment CO. Inc. increased its stake in shares of Tesla by 37.7% in the 1st quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer's stock valued at $5,984,000 after acquiring an additional 6,323 shares during the last quarter. Focus Financial Network Inc. increased its stake in shares of Tesla by 3.1% in the 1st quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer's stock valued at $5,823,000 after acquiring an additional 670 shares during the last quarter. Keystone Global Partners LLC bought a new stake in shares of Tesla in the 1st quarter valued at about $594,000. Finally, IFM Investors Pty Ltd increased its stake in shares of Tesla by 8.5% in the 1st quarter. IFM Investors Pty Ltd now owns 586,460 shares of the electric vehicle producer's stock valued at $153,436,000 after acquiring an additional 46,087 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Baird R W cut Tesla from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 9th. Morgan Stanley reaffirmed an "overweight" rating and issued a $410.00 price target on shares of Tesla in a research note on Friday, June 6th. HSBC reaffirmed a "reduce" rating and issued a $120.00 price target on shares of Tesla in a research note on Thursday, July 3rd. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research note on Thursday, July 24th. Finally, Mizuho lowered their target price on Tesla from $390.00 to $375.00 and set an "outperform" rating for the company in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, fifteen have assigned a Hold rating and nine have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $303.31.

Tesla Trading Up 6.2%

NASDAQ:TSLA opened at $340.01 on Friday. Tesla, Inc. has a twelve month low of $202.59 and a twelve month high of $488.54. 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 $321.27 and a two-hundred day moving average price of $303.08. The company has a market cap of $1.10 trillion, a P/E ratio of 196.54, a price-to-earnings-growth ratio of 11.82 and a beta of 2.33.

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 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 firm had revenue of $22.50 billion for the quarter, compared to analyst estimates of $23.18 billion. During the same period last year, the company earned $0.52 EPS. The company's revenue was down 11.8% compared to the same quarter last year. As a group, analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Transactions at Tesla

In other news, Director Kimbal Musk sold 91,588 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $357.39, for a total value of $32,732,635.32. Following the completion of the sale, the director owned 1,463,220 shares of the company's stock, valued at approximately $522,940,195.80. This represents a 5.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total value of $170,636,475.60. Following the completion of the sale, the director directly owned 855,394 shares of the company's stock, valued at approximately $305,632,276.20. The trade was a 35.83% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 599,724 shares of company stock worth $213,126,501. Insiders own 20.70% 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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