SJS Investment Consulting Inc. Has $617,000 Stock Holdings in Tesla, Inc. $TSLA

Key Points

• SJS Investment Consulting Inc. cut its holdings in Tesla by 51%, owning 1,943 shares valued at approximately $617,000 as of the latest SEC filing.
• Goldman Sachs increased its stake in Tesla by 322.1%, now holding over 26.5 million shares worth nearly $6.9 billion, alongside significant investments from other firms like Nuveen LLC and GAMMA Investing LLC.
• Tesla reported a quarterly EPS of $0.40, missing estimates, and a revenue decrease of 11.8% year-over-year, raising concerns about its financial performance.

SJS Investment Consulting Inc. lowered its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 51.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,943 shares of the electric vehicle producer's stock after selling 2,023 shares during the period. SJS Investment Consulting Inc.'s holdings in Tesla were worth $617,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of TSLA. Goldman Sachs Group Inc. grew 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 during the last quarter. Nuveen LLC acquired a new stake in Tesla in the first quarter valued at approximately $3,247,619,000. GAMMA Investing LLC grew its stake in shares of Tesla by 27,378.6% during the first quarter. GAMMA Investing LLC now owns 9,812,316 shares of the electric vehicle producer's stock worth $2,542,960,000 after buying an additional 9,776,607 shares during the last quarter. Kingstone Capital Partners Texas LLC increased its holdings in shares of Tesla by 581,880.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer's stock worth $2,044,683,000 after buying an additional 6,435,598 shares in the last quarter. Finally, Amundi lifted its stake in shares of Tesla by 29.4% in the 1st quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer's stock valued at $4,482,789,000 after acquiring an additional 3,814,610 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Performance

Shares of Tesla stock opened at $425.85 on Wednesday. Tesla, Inc. has a 52 week low of $212.11 and a 52 week 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 $345.33 and a 200-day moving average price of $310.67. The company has a market cap of $1.42 trillion, a PE ratio of 246.16, a price-to-earnings-growth ratio of 15.15 and a beta of 2.06.

Tesla (NASDAQ:TSLA - Get Free Report) last announced 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). The company had revenue of $22.50 billion for the quarter, compared to analysts' expectations of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The firm's quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. Equities analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other news, Director James R. Murdoch sold 60,000 shares of the company's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the transaction, the director owned 637,031 shares of the company's stock, valued at $269,260,263.08. This represents a 8.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the business's 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 sale, the senior vice president owned 47,600 shares in the company, valued at $17,314,500. This represents a 29.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 208,606 shares of company stock worth $77,360,462. Insiders own 19.90% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TSLA. Canaccord Genuity Group boosted 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. Royal Bank Of Canada reiterated an "overweight" rating on shares of Tesla in a research report on Tuesday, July 29th. Morgan Stanley restated an "overweight" rating and issued a $410.00 price target on shares of Tesla in a research report on Friday, September 5th. HSBC reissued a "reduce" rating and issued a $120.00 price objective on shares of Tesla in a research note on Thursday, July 3rd. Finally, CICC Research upped their price target on Tesla from $360.00 to $450.00 and gave the company an "outperform" rating in a research report on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twelve have given a Hold rating and nine have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $326.74.

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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