Tesla, Inc. $TSLA Shares Purchased by LS Investment Advisors LLC

Key Points

• LS Investment Advisors LLC increased its Tesla holdings by 46.8% in the second quarter, bringing its total to 1,960 shares valued at approximately $623,000.
• Goldman Sachs boosted its stake in Tesla by 322.1% during the first quarter, now owning over 26.5 million shares worth nearly $6.9 billion.
• Tesla reported a net margin of 6.54% for the last quarter, with earnings per share of $0.40, missing analyst expectations of $0.43.

LS Investment Advisors LLC lifted its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 46.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,960 shares of the electric vehicle producer's stock after purchasing an additional 625 shares during the period. LS Investment Advisors LLC's holdings in Tesla were worth $623,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSLA. Goldman Sachs Group Inc. grew its holdings in 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 worth $6,891,201,000 after acquiring an additional 20,291,139 shares in the last quarter. Nuveen LLC acquired a new position in Tesla during the 1st quarter worth approximately $3,247,619,000. GAMMA Investing LLC grew its holdings in Tesla by 27,378.6% during the 1st quarter. GAMMA Investing LLC now owns 9,812,316 shares of the electric vehicle producer's stock worth $2,542,960,000 after acquiring an additional 9,776,607 shares in the last quarter. Kingstone Capital Partners Texas LLC grew its holdings in Tesla by 581,880.5% during the 2nd 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 acquiring an additional 6,435,598 shares in the last quarter. Finally, Amundi grew its holdings in Tesla by 29.4% during the 1st quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer's stock worth $4,482,789,000 after acquiring an additional 3,814,610 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Up 4.0%

TSLA stock opened at $440.40 on Friday. The company has a fifty day moving average price of $352.05 and a 200 day moving average price of $314.42. Tesla, Inc. has a 12 month low of $212.11 and a 12 month high of $488.54. The company has a market cap of $1.46 trillion, a price-to-earnings ratio of 254.57, a price-to-earnings-growth ratio of 14.77 and a beta of 2.06. 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 (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS for the quarter, missing the consensus estimate 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 quarter last year, the company earned $0.52 EPS. The firm's revenue for the quarter was down 11.8% compared to the same quarter last year. Sell-side analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

TSLA has been the subject of several analyst reports. Argus reiterated a "hold" rating on shares of Tesla in a report on Monday, June 9th. Piper Sandler boosted their price objective on shares of Tesla from $400.00 to $500.00 and gave the stock an "overweight" rating in a research report on Monday, September 22nd. Morgan Stanley restated an "overweight" rating and set a $410.00 price objective on shares of Tesla in a research report on Friday, September 5th. Baird R W upgraded shares of Tesla from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 19th. Finally, HSBC restated a "reduce" rating and set a $120.00 price objective on shares of Tesla in a research report on Thursday, July 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twelve have assigned a Hold rating and nine have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $332.33.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction on 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 in the company, valued at $3,473,057.28. This represents a 20.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James R. Murdoch sold 60,000 shares of the business's stock in a transaction on 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 completion of the transaction, the director directly owned 637,031 shares in the company, valued at $269,260,263.08. This represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 208,606 shares of company stock worth $77,360,462 in the last 90 days. 19.90% of the stock is owned by insiders.

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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