Sivia Capital Partners LLC Acquires 1,011 Shares of Tesla, Inc. $TSLA

Key Points

• Sivia Capital Partners LLC increased its stake in Tesla, Inc. by 9.1% in the second quarter, owning a total of 12,135 shares worth approximately $3.85 million.
• Several large investors, including Goldman Sachs and Vanguard Group, also significantly boosted their positions in Tesla, which reflects growing institutional interest in the company.
• Tesla reported earnings of $0.40 per share, missing analyst estimates, and its revenue for the quarter was down 11.8% year-over-year.

Sivia Capital Partners LLC grew its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 9.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,135 shares of the electric vehicle producer's stock after buying an additional 1,011 shares during the period. Tesla makes up about 1.2% of Sivia Capital Partners LLC's holdings, making the stock its 12th biggest holding. Sivia Capital Partners LLC's holdings in Tesla were worth $3,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Cherry Tree Wealth Management LLC boosted its stake in shares of Tesla by 86.3% in the 1st quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after purchasing an additional 44 shares in the last quarter. First PREMIER Bank boosted its stake in shares of Tesla by 79.2% in the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after purchasing an additional 42 shares in the last quarter. Newton One Investments LLC boosted its stake in shares of Tesla by 250.0% in the 1st quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Tesla in the 1st quarter valued at $27,000. Finally, Chelsea Counsel Co. boosted its stake in shares of Tesla by 59.7% in the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Stock Up 2.2%

NASDAQ:TSLA traded up $9.22 on Friday, reaching $426.07. 92,721,496 shares of the stock traded hands, compared to its average volume of 86,324,392. The company has a market capitalization of $1.42 trillion, a price-to-earnings ratio of 246.28, a PEG ratio of 14.86 and a beta of 2.06. 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 12 month low of $212.11 and a 12 month high of $488.54. The company's fifty day simple moving average is $340.68 and its 200 day simple moving average is $308.35.

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 analysts' consensus estimates 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 net margin of 6.54% and a return on equity of 7.98%. The firm's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 earnings per share. Equities analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TSLA. Daiwa Capital Markets reiterated a "neutral" rating on shares of Tesla in a report on Sunday, July 27th. Argus reiterated a "hold" rating on shares of Tesla in a report on Monday, June 9th. Robert W. Baird upgraded shares of Tesla from a "neutral" rating to an "outperform" rating and upped their price target for the company from $320.00 to $548.00 in a report on Friday. Piper Sandler reiterated an "overweight" rating and set a $400.00 price target on shares of Tesla in a report on Tuesday, June 10th. Finally, HSBC reiterated a "reduce" rating and set a $120.00 price target on shares of Tesla in a report on Thursday, July 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, twelve have given a Hold rating and nine have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $317.70.

Insider Buying and Selling at Tesla

In other news, Director James R. Murdoch sold 60,000 shares of the firm's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the sale, the director owned 637,031 shares of the company's stock, valued at $269,260,263.08. This trade represents a 8.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Xiaotong Zhu sold 20,000 shares of the firm's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the sale, the senior vice president directly owned 47,600 shares in the company, valued at approximately $17,314,500. The trade was a 29.59% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 208,606 shares of company stock worth $77,360,462. 20.70% of the stock is owned by corporate insiders.

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.