Tesla, Inc. $TSLA Stock Holdings Increased by Strategic Investment Solutions Inc. IL

Key Points

• Strategic Investment Solutions Inc. IL has increased its stake in Tesla by 25.5%, acquiring an additional 1,520 shares to hold a total of 7,479 shares valued at approximately $2.38 million.
• Institutional investors and hedge funds own 66.20% of Tesla's stock, with significant increases in holdings reported by multiple funds during the first quarter.
• Analysts have mixed ratings for Tesla's stock, with a consensus rating of "Hold" and an average target price of $332.33, while recent earnings fell short of expectations with $0.40 EPS reported.

Strategic Investment Solutions Inc. IL lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 25.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,479 shares of the electric vehicle producer's stock after acquiring an additional 1,520 shares during the quarter. Strategic Investment Solutions Inc. IL's holdings in Tesla were worth $2,376,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Cherry Tree Wealth Management LLC grew its position in shares of Tesla by 86.3% during the 1st quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after acquiring an additional 44 shares during the period. First PREMIER Bank raised its holdings in shares of Tesla by 79.2% in the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after purchasing an additional 42 shares in the last quarter. Newton One Investments LLC increased its stake in shares of Tesla by 250.0% in the first 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 position in shares of Tesla in the first quarter worth about $27,000. Finally, Chelsea Counsel Co. boosted its stake in shares of Tesla by 59.7% in the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 40 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Tesla news, SVP Xiaotong Zhu sold 20,000 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the sale, the senior vice president directly owned 47,600 shares in the company, valued at $17,314,500. This trade represents a 29.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $292.89, for a total transaction of $1,171,560.00. Following the sale, the chief financial officer directly owned 5,924 shares of the company's stock, valued at $1,735,080.36. This represents a 40.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 208,606 shares of company stock worth $77,360,462 over the last ninety days. Corporate insiders own 19.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TSLA shares. Royal Bank Of Canada reissued a "buy" rating on shares of Tesla in a research report on Friday. Guggenheim reissued a "sell" rating and set a $175.00 target price on shares of Tesla in a report on Wednesday, July 23rd. Bank of America lifted their price target on Tesla from $305.00 to $341.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. The Goldman Sachs Group upped their target price on Tesla from $300.00 to $395.00 and gave the stock a "neutral" rating in a report on Thursday, September 18th. Finally, China Renaissance restated a "hold" rating and set a $349.00 target price on shares of Tesla in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twelve have given a Hold rating and nine have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $332.33.

Tesla Stock Up 4.0%

Tesla stock opened at $440.40 on Friday. The firm has a market capitalization of $1.46 trillion, a price-to-earnings ratio of 254.57, a PEG ratio of 14.77 and a beta of 2.06. Tesla, Inc. has a fifty-two week low of $212.11 and a fifty-two week high of $488.54. The company's 50 day simple moving average is $352.05 and its 200 day simple moving average is $314.42. 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 posted its quarterly 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 business 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%.Tesla's quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 earnings per share. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

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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