Valued Retirements Inc. Purchases Shares of 790 Tesla, Inc. $TSLA

Key Points

• Valued Retirements Inc. opened a new position in Tesla by buying 790 shares (~$251,000) in Q2, while large institutions—most notably Norges Bank (~$11.84B position), Goldman Sachs (now 26.59M shares) and Vanguard (251.39M shares)—also made sizable moves; institutional investors now own 66.20% of Tesla.
• Insider selling has been notable: Director James R. Murdoch sold 60,000 shares (~$25.36M) and CFO Vaibhav Taneja sold 2,606 shares, with insiders selling 82,606 shares (~$33.55M) in the last 90 days and holding 19.90% of the stock.
• Tesla recently beat quarterly estimates (EPS $0.50 vs. $0.48; revenue $28.10B vs. $24.98B), but analysts' consensus is a "Hold" with a $394.03 price target; the shares trade at a high P/E (~286.7) and the company has a market cap around $1.43 trillion.

Valued Retirements Inc. acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 790 shares of the electric vehicle producer's stock, valued at approximately $251,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Tesla in the second quarter valued at approximately $11,839,824,000. Goldman Sachs Group Inc. increased 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 valued at $6,891,201,000 after purchasing an additional 20,291,139 shares in the last quarter. Nuveen LLC bought a new position in Tesla in the 1st quarter valued at $3,247,619,000. Kingstone Capital Partners Texas LLC raised its position in Tesla by 581,880.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer's stock valued at $2,044,683,000 after purchasing an additional 6,435,598 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Tesla by 1.8% in the second quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer's stock worth $79,856,764,000 after purchasing an additional 4,502,976 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Transactions at Tesla

In other news, Director James R. Murdoch sold 60,000 shares of the company's stock in a transaction dated Monday, September 15th. The stock was 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 $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 available through this hyperlink. Also, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the transaction, the chief financial officer directly owned 9,856 shares in the company, valued at $3,473,057.28. The trade was a 20.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 82,606 shares of company stock worth $33,554,102. 19.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TSLA shares. Cowen reaffirmed a "buy" rating on shares of Tesla in a report on Monday, November 17th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Tesla in a research note on Thursday, October 30th. Wedbush reiterated an "outperform" rating and set a $600.00 target price on shares of Tesla in a research report on Wednesday, November 5th. Morgan Stanley reissued an "overweight" rating on shares of Tesla in a report on Wednesday, October 15th. Finally, President Capital upped their price objective on Tesla from $373.00 to $529.00 and gave the stock a "buy" rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have given a Hold rating and ten have given a Sell rating to the company's stock. According to MarketBeat, Tesla currently has an average rating of "Hold" and a consensus price target of $394.03.

Tesla Stock Performance

Shares of Tesla stock opened at $430.10 on Monday. The firm has a fifty day moving average of $433.95 and a two-hundred day moving average of $369.34. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The stock has a market capitalization of $1.43 trillion, a price-to-earnings ratio of 286.73, a PEG ratio of 16.84 and a beta of 2.06. Tesla, Inc. has a 52 week low of $214.25 and a 52 week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. The business had revenue of $28.10 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 earnings per share. As a group, equities research analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

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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