Tesla, Inc. $TSLA Shares Bought by Beacon Capital Management LLC

Beacon Capital Management LLC raised its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 8.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,840 shares of the electric vehicle producer's stock after acquiring an additional 833 shares during the quarter. Tesla accounts for about 0.5% of Beacon Capital Management LLC's investment portfolio, making the stock its 20th largest holding. Beacon Capital Management LLC's holdings in Tesla were worth $3,444,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after buying an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Tesla by 21.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock worth $2,147,000 after buying an additional 931 shares in the last quarter. Bison Wealth LLC grew its position in shares of Tesla by 52.2% during the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer's stock worth $4,187,000 after buying an additional 3,558 shares in the last quarter. Beese Fulmer Investment Management Inc. grew its position in shares of Tesla by 8.9% during the first quarter. Beese Fulmer Investment Management Inc. now owns 1,894 shares of the electric vehicle producer's stock worth $491,000 after buying an additional 154 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in shares of Tesla by 10.3% during the first quarter. Fifth Third Wealth Advisors LLC now owns 47,885 shares of the electric vehicle producer's stock worth $12,410,000 after buying an additional 4,485 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Buying and Selling at Tesla

In related news, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the sale, the director directly owned 637,031 shares in the company, valued at $269,260,263.08. The trade was a 8.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of Tesla stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction 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. Over the last three months, insiders have sold 208,606 shares of company stock worth $77,360,462. 19.90% of the stock is owned by insiders.

Tesla Stock Performance

TSLA stock opened at $440.40 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. The stock has a market capitalization of $1.46 trillion, a price-to-earnings ratio of 254.57, a PEG ratio of 15.36 and a beta of 2.06. Tesla, Inc. has a 1 year low of $212.11 and a 1 year high of $488.54. The stock's fifty day moving average is $352.05 and its two-hundred day moving average is $315.40.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TSLA. HSBC reissued a "reduce" rating and set a $120.00 price target on shares of Tesla in a research report on Thursday, July 3rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Tesla from $345.00 to $435.00 and gave the stock a "buy" rating in a research report on Friday. Royal Bank Of Canada restated a "buy" rating on shares of Tesla in a research note on Friday. China Renaissance restated a "hold" rating and set a $349.00 price objective on shares of Tesla in a research note on Friday, July 25th. Finally, Argus restated a "hold" rating on shares of Tesla in a research note on Monday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twelve have assigned a Hold rating and nine have issued a Sell rating to the company. According to MarketBeat, Tesla has an average rating of "Hold" and an average price target of $332.33.

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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