Tesla, Inc. $TSLA Shares Acquired by Leavell Investment Management Inc.

Key Points

• Leavell Investment Management Inc. increased its stake in Tesla by 11.5%, now owning 10,452 shares worth approximately $3.32 million as of its latest SEC filing.
• Several institutional investors, including Strs Ohio and IFM Investors Pty Ltd, have recently acquired stakes in Tesla, which is currently 66.20% owned by institutional investors.
• In its latest earnings report, Tesla exceeded analysts' estimates with an EPS of $0.50 and revenue of $28.1 billion, marking an 11.6% year-over-year revenue increase.

Leavell Investment Management Inc. lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 11.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,452 shares of the electric vehicle producer's stock after purchasing an additional 1,075 shares during the period. Leavell Investment Management Inc.'s holdings in Tesla were worth $3,320,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. Siren L.L.C. bought a new stake in shares of Tesla in the 1st quarter valued at approximately $2,332,000. Zuckerman Investment Group LLC boosted its holdings in Tesla by 6.9% in the first quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer's stock worth $3,304,000 after purchasing an additional 826 shares during the period. Keystone Global Partners LLC bought a new stake in Tesla during the first quarter valued at $594,000. Strs Ohio acquired a new stake in shares of Tesla during the first quarter worth $205,495,000. Finally, IFM Investors Pty Ltd lifted its position in shares of Tesla by 8.5% in the 1st quarter. IFM Investors Pty Ltd now owns 586,460 shares of the electric vehicle producer's stock worth $153,436,000 after buying an additional 46,087 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Morgan Stanley reaffirmed an "overweight" rating on shares of Tesla in a research report on Wednesday, October 15th. Mizuho upped their target price on Tesla from $450.00 to $485.00 and gave the company an "outperform" rating in a report on Thursday. TD Cowen increased their price target on Tesla from $374.00 to $509.00 and gave the stock a "buy" rating in a research report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on Tesla from $435.00 to $440.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Canaccord Genuity Group dropped their target price on Tesla from $490.00 to $482.00 and set a "buy" rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twelve have issued a Hold rating and eleven have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $381.70.

Tesla Stock Down 3.4%

TSLA opened at $433.72 on Friday. The stock's 50 day moving average price is $398.06 and its 200 day moving average price is $340.74. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.55. The stock has a market cap of $1.44 trillion, a P/E ratio of 289.15, a P/E/G ratio of 15.59 and a beta of 2.08. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. The company had revenue of $28.10 billion during the quarter, compared to analyst estimates of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The firm's quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS. As a group, research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Buying and Selling

In other news, Director James R. Murdoch sold 60,000 shares of the company's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $422.68, for a total value of $25,360,800.00. Following the completion of the sale, the director directly owned 637,031 shares of the company's stock, valued at approximately $269,260,263.08. This represents a 8.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the transaction, the chief financial officer owned 9,856 shares of the company's stock, valued at $3,473,057.28. This trade represents a 20.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 202,606 shares of company stock valued at $75,588,902 over the last 90 days. 19.90% of the stock is currently owned by company 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.

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