Tesla, Inc. $TSLA is Ariston Services Group's 3rd Largest Position

Key Points

• Ariston Services Group increased its holdings in Tesla, Inc. by 3,238.0% during the second quarter, making Tesla approximately 9.4% of their total portfolio, valued at $13.25 million.
• Tesla's recent earnings report showed an EPS of $0.40 for the quarter, missing estimates and marking an 11.8% decline in revenue year-over-year.
• Insider activity saw director James R. Murdoch sell 120,000 shares for around $42 million, decreasing his ownership by 14.69%.

Ariston Services Group increased its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3,238.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,725 shares of the electric vehicle producer's stock after buying an additional 40,475 shares during the period. Tesla comprises about 9.4% of Ariston Services Group's holdings, making the stock its 3rd largest position. Ariston Services Group's holdings in Tesla were worth $13,254,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Rodgers & Associates LTD acquired a new position in Tesla during the second quarter worth about $227,000. Hartline Investment Corp acquired a new position in shares of Tesla during the 2nd quarter worth approximately $227,000. Nicholson Wealth Management Group LLC lifted its stake in Tesla by 8.4% in the 2nd quarter. Nicholson Wealth Management Group LLC now owns 1,564 shares of the electric vehicle producer's stock valued at $497,000 after buying an additional 121 shares in the last quarter. Carmel Capital Partners LLC grew its holdings in Tesla by 15.0% during the 2nd quarter. Carmel Capital Partners LLC now owns 12,104 shares of the electric vehicle producer's stock valued at $3,845,000 after buying an additional 1,579 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC increased its position in Tesla by 0.8% during the second quarter. Chevy Chase Trust Holdings LLC now owns 1,485,331 shares of the electric vehicle producer's stock worth $471,830,000 after buying an additional 11,768 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Performance

Tesla stock opened at $439.31 on Friday. The company has a market cap of $1.46 trillion, a price-to-earnings ratio of 253.94, a price-to-earnings-growth ratio of 15.41 and a beta of 2.08. Tesla, Inc. has a 12 month low of $212.11 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 stock's 50-day moving average is $387.54 and its 200-day moving average is $333.25.

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

Insider Activity

In other Tesla news, Director James R. Murdoch sold 120,000 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total value of $42,034,800.00. Following the transaction, the director directly owned 697,031 shares of the company's stock, valued at $244,162,988.99. This trade represents a 14.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of the sale, the chief financial officer owned 9,856 shares of the company's stock, valued at approximately $3,473,057.28. This trade represents a 20.91% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 202,606 shares of company stock valued at $75,588,902. Company insiders own 19.90% of the company's stock.

Analyst Upgrades and Downgrades

TSLA has been the topic of several recent research reports. Benchmark restated a "buy" rating and issued a $475.00 price objective (up from $350.00) on shares of Tesla in a research report on Thursday, June 26th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Tesla from $345.00 to $435.00 and gave the company a "buy" rating in a report on Friday, September 26th. Robert W. Baird upgraded shares of Tesla from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $320.00 to $548.00 in a report on Friday, September 19th. Guggenheim reissued a "sell" rating and issued a $175.00 price objective on shares of Tesla in a research report on Wednesday, July 23rd. Finally, The Goldman Sachs Group raised their target price on shares of Tesla from $395.00 to $425.00 and gave the stock a "neutral" rating in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have given a Hold rating and ten have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $363.54.

Tesla Company 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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