Sentinel Pension Advisors LLC Invests $249,000 in Tesla, Inc. $TSLA

Key Points

• Sentinel Pension Advisors LLC acquired 783 shares of Tesla, Inc. valued at approximately $249,000 in the second quarter, marking a new investment in the electric vehicle producer.
• Insider trading activity included significant sales, with SVP Xiaotong Zhu selling 20,000 shares and Director James R. Murdoch selling 60,000 shares, indicating potential shifts in ownership dynamics.
• Analysts have a "Hold" rating on Tesla with an average target price of $317.70, amidst varying opinions from other firms, including a $175.00 target from Guggenheim and a $290.00 target from UBS Group.

Sentinel Pension Advisors LLC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 783 shares of the electric vehicle producer's stock, valued at approximately $249,000.

A number of other large investors also recently modified their holdings of TSLA. Vanguard Group Inc. raised its stake 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 valued at $63,983,418,000 after purchasing an additional 3,694,524 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Tesla by 322.1% during 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 in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Tesla by 4.9% during 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 in the last quarter. Amundi raised its stake in Tesla by 29.4% during 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 in the last quarter. Finally, Invesco Ltd. raised its stake in Tesla by 17.6% during 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 in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director James R. Murdoch sold 120,000 shares of Tesla stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the transaction, the director owned 697,031 shares in the company, valued at $244,162,988.99. The trade was a 14.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of Tesla 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 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. Insiders have sold 208,606 shares of company stock worth $77,360,462 in the last 90 days. Corporate insiders own 19.90% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on TSLA. Canaccord Genuity Group increased their price objective on Tesla from $303.00 to $333.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Morgan Stanley reiterated an "overweight" rating and set a $410.00 price objective on shares of Tesla in a research note on Friday, September 5th. Dbs Bank increased their target price on Tesla from $300.00 to $450.00 in a report on Wednesday, September 17th. Bank of America increased their target price on Tesla from $305.00 to $341.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Finally, Royal Bank Of Canada restated an "overweight" rating on shares of Tesla in a report on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twelve have assigned a Hold rating and nine have issued a Sell rating to the company. Based on data from MarketBeat, Tesla has an average rating of "Hold" and an average target price of $324.53.

Tesla Trading Up 1.9%

TSLA traded up $8.14 during midday trading on Monday, reaching $434.21. 96,526,944 shares of the company were exchanged, compared to its average volume of 86,280,128. 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, Inc. has a one year low of $212.11 and a one year high of $488.54. The stock has a market capitalization of $1.44 trillion, a P/E ratio of 250.99, a PEG ratio of 14.86 and a beta of 2.06. The stock's 50-day simple moving average is $343.03 and its 200 day simple moving average is $309.87.

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

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.