Tesla, Inc. $TSLA Position Raised by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC raised its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,418 shares of the electric vehicle producer's stock after purchasing an additional 671 shares during the quarter. Tesla comprises 0.8% of Checchi Capital Advisers LLC's portfolio, making the stock its 29th largest holding. Checchi Capital Advisers LLC's holdings in Tesla were worth $13,474,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TSLA. Goldman Sachs Group Inc. boosted its position 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 in the last quarter. Nuveen LLC acquired a new stake in Tesla during the first quarter valued at approximately $3,247,619,000. Kingstone Capital Partners Texas LLC boosted its holdings in 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. Amundi grew its position in Tesla by 29.4% in the first quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer's stock worth $4,482,789,000 after buying an additional 3,814,610 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings 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 buying an additional 3,694,524 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TSLA shares. CICC Research lifted their target price on Tesla from $360.00 to $450.00 and gave the stock an "outperform" rating in a report on Thursday, September 18th. Stifel Nicolaus set a $440.00 price objective on Tesla in a report on Friday, September 5th. UBS Group reaffirmed a "sell" rating and set a $215.00 price objective on shares of Tesla in a research note on Thursday. Glj Research reissued a "sell" rating on shares of Tesla in a research report on Thursday, July 24th. Finally, Dbs Bank upped their price target on shares of Tesla from $300.00 to $450.00 in a research report on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, thirteen have given a Hold rating and eight have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $343.43.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The stock was 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 in the company, valued at approximately $3,473,057.28. This trade represents a 20.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the business's stock in a transaction that occurred on 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 sale, the senior vice president owned 47,600 shares in the company, valued at approximately $17,314,500. This represents a 29.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 204,606 shares of company stock valued at $76,188,902 in the last quarter. Corporate insiders own 19.90% of the company's stock.

Tesla Price Performance

NASDAQ:TSLA opened at $429.83 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. Tesla, Inc. has a one year low of $212.11 and a one year high of $488.54. The company has a fifty day moving average price of $364.02 and a 200 day moving average price of $322.58. The stock has a market cap of $1.43 trillion, a P/E ratio of 248.46, a PEG ratio of 14.93 and a beta of 2.08.

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

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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