Tesla, Inc. $TSLA Shares Bought by Krilogy Financial LLC

Key Points

• Krilogy Financial LLC increased its stake in Tesla, Inc. by 24.2% during the second quarter, owning a total of 23,457 shares valued at approximately $7.45 million.
• Company insiders have sold a total of 148,606 shares of Tesla stock worth around $52 million in the past three months, with Director James R. Murdoch selling 120,000 shares for over $42 million.
• Analysts have varying ratings on Tesla, with a consensus average price target of $303 and an equal number of buy and sell ratings among those evaluating the stock.

Krilogy Financial LLC lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 24.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,457 shares of the electric vehicle producer's stock after buying an additional 4,568 shares during the period. Krilogy Financial LLC's holdings in Tesla were worth $7,451,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cherry Tree Wealth Management LLC lifted its holdings in shares of Tesla by 86.3% during the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock worth $25,000 after purchasing an additional 44 shares during the period. First PREMIER Bank raised its position in Tesla by 79.2% during the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock worth $25,000 after buying an additional 42 shares during the last quarter. Newton One Investments LLC lifted its stake in shares of Tesla by 250.0% in the 1st quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock worth $27,000 after acquiring an additional 75 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in shares of Tesla in the first quarter valued at about $27,000. Finally, Chelsea Counsel Co. increased its stake in shares of Tesla by 59.7% during the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock worth $28,000 after acquiring an additional 40 shares during the period. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Transactions at Tesla

In related news, Director James R. Murdoch sold 120,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total value of $42,034,800.00. Following the sale, the director directly owned 697,031 shares of the company's stock, valued at approximately $244,162,988.99. This trade represents a 14.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction of $7,275,000.00. Following the completion of the sale, the senior vice president owned 47,600 shares of the company's stock, valued at approximately $17,314,500. The trade was a 29.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 148,606 shares of company stock worth $51,999,662 in the last three months. Company insiders own 20.70% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TSLA shares. Guggenheim reaffirmed a "sell" rating and issued a $175.00 price objective on shares of Tesla in a report on Wednesday, July 23rd. UBS Group set a $290.00 price target on Tesla in a research note on Monday, June 30th. China Renaissance reiterated a "hold" rating and issued a $349.00 price objective on shares of Tesla in a research report on Friday, July 25th. HSBC restated a "reduce" rating and set a $120.00 target price on shares of Tesla in a research report on Thursday, July 3rd. Finally, Royal Bank Of Canada reiterated an "overweight" rating on shares of Tesla in a report on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, fourteen have given a Hold rating and nine have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $303.00.

Tesla Trading Up 2.8%

Shares of TSLA opened at $421.62 on Wednesday. Tesla, Inc. has a fifty-two week low of $212.11 and a fifty-two week high of $488.54. The company has a market capitalization of $1.36 trillion, a PE ratio of 243.71, a price-to-earnings-growth ratio of 14.30 and a beta of 2.06. The stock has a fifty day moving average of $333.69 and a two-hundred day moving average of $305.35. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). Tesla had a net margin of 6.54% and a return on equity of 7.98%. The business had revenue of $22.50 billion during the quarter, compared to analysts' expectations of $23.18 billion. During the same period in the prior year, the firm earned $0.52 EPS. Tesla's revenue for the quarter was down 11.8% on a year-over-year basis. As a group, analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

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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