Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Roberts Capital Advisors LLC

Key Points

• Roberts Capital Advisors LLC increased its stake in Tesla, owning 11,389 shares after acquiring an additional 1,384 shares, which now represents approximately 2.6% of its portfolio.
• Goldman Sachs Group Inc. significantly boosted its position in Tesla by 322.1%, now holding over 26 million shares valued at nearly $6.9 billion.
• Tesla recently reported disappointing quarterly earnings with an EPS of $0.40, falling short of the consensus estimate of $0.43, and a revenue decline of 11.8% year-over-year.

Roberts Capital Advisors LLC raised its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 13.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,389 shares of the electric vehicle producer's stock after acquiring an additional 1,384 shares during the quarter. Tesla makes up approximately 2.6% of Roberts Capital Advisors LLC's portfolio, making the stock its 6th biggest position. Roberts Capital Advisors LLC's holdings in Tesla were worth $2,952,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its position in shares of 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 buying an additional 20,291,139 shares in the last quarter. Nuveen LLC acquired a new position in shares of Tesla during the first quarter worth about $3,247,619,000. GAMMA Investing LLC grew its position 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 in the last quarter. Northern Trust Corp grew its position in shares of Tesla by 21.6% during the fourth quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock worth $11,541,592,000 after buying an additional 5,075,418 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Tesla by 1.5% during the first quarter. Vanguard Group Inc. now owns 246,887,705 shares of the electric vehicle producer's stock worth $63,983,418,000 after buying an additional 3,694,524 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TSLA. Royal Bank Of Canada reissued an "overweight" rating on shares of Tesla in a research report on Tuesday, July 29th. Canaccord Genuity Group upped their price target on Tesla from $303.00 to $333.00 and gave the company a "buy" rating in a report on Thursday, July 24th. William Blair downgraded Tesla from an "outperform" rating to a "market perform" rating in a report on Monday, July 7th. The Goldman Sachs Group lowered their price target on Tesla from $315.00 to $285.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Finally, China Renaissance reaffirmed a "hold" rating and issued a $349.00 price target on shares of Tesla in a report on Friday, July 25th. Ten equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $303.31.

Tesla Price Performance

Tesla stock opened at $330.56 on Friday. Tesla, Inc. has a 12 month low of $202.59 and a 12 month high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. The business has a 50 day simple moving average of $320.41 and a 200-day simple moving average of $305.81. The stock has a market capitalization of $1.07 trillion, a PE ratio of 191.08, a price-to-earnings-growth ratio of 11.67 and a beta of 2.33.

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 (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). The business had revenue of $22.50 billion during the quarter, compared to analysts' expectations of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%. The company's revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS. Equities analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 6,000 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $341.02, for a total value of $2,046,120.00. Following the completion of the transaction, the chief financial officer owned 1,950 shares in the company, valued at approximately $664,989. This represents a 75.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 15,000 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $323.81, for a total value of $4,857,150.00. Following the completion of the transaction, the senior vice president owned 67,600 shares of the company's stock, valued at $21,889,556. The trade was a 18.16% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 599,724 shares of company stock worth $213,126,501. 20.70% of the stock is owned by insiders.

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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