Victrix Investment Advisors Raises Position in Tesla, Inc. $TSLA

Key Points

• Victrix Investment Advisors has increased its holdings in Tesla, Inc. by 55.5% during the 2nd quarter, bringing its total shares to 1,888, valued at approximately $600,000.
• In recent months, various institutional investors have adjusted their positions in Tesla, collectively owning 66.20% of the company's stock.
• Insider transactions showed Tesla's CFO sold over 2,600 shares at around $352.38, reducing their stake by 20.91%, while a director sold 60,000 shares for about $25.36 million.

Victrix Investment Advisors grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 55.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,888 shares of the electric vehicle producer's stock after purchasing an additional 674 shares during the period. Victrix Investment Advisors' holdings in Tesla were worth $600,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TSLA. KWB Wealth lifted its stake in Tesla by 2.4% in the 2nd quarter. KWB Wealth now owns 1,381 shares of the electric vehicle producer's stock valued at $439,000 after buying an additional 33 shares in the last quarter. Conrad Siegel Investment Advisors Inc. lifted its stake in Tesla by 3.6% in the 2nd quarter. Conrad Siegel Investment Advisors Inc. now owns 976 shares of the electric vehicle producer's stock valued at $310,000 after buying an additional 34 shares in the last quarter. Guyasuta Investment Advisors Inc. lifted its stake in Tesla by 0.7% in the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 5,107 shares of the electric vehicle producer's stock valued at $1,622,000 after buying an additional 34 shares in the last quarter. Kelly Financial Services LLC lifted its stake in Tesla by 2.7% in the 2nd quarter. Kelly Financial Services LLC now owns 1,331 shares of the electric vehicle producer's stock valued at $423,000 after buying an additional 35 shares in the last quarter. Finally, Acorn Wealth Advisors LLC lifted its stake in Tesla by 1.9% in the 1st quarter. Acorn Wealth Advisors LLC now owns 1,901 shares of the electric vehicle producer's stock valued at $493,000 after buying an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the sale, the chief financial officer directly owned 9,856 shares of the company's stock, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction on Monday, September 15th. The stock was 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 of the company's stock, valued at approximately $269,260,263.08. This trade represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 208,606 shares of company stock valued at $77,360,462. Insiders own 19.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TSLA shares. William Blair reissued a "market perform" rating on shares of Tesla in a research note on Friday, September 5th. UBS Group reissued a "sell" rating on shares of Tesla in a research note on Monday, September 22nd. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research note on Thursday, July 24th. Baird R W raised shares of Tesla from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 19th. Finally, Dbs Bank raised their target price on shares of Tesla from $300.00 to $450.00 in a research note on Wednesday, September 17th. Two 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $337.15.

Tesla Stock Performance

NASDAQ:TSLA opened at $459.46 on Thursday. The company has a fifty day simple moving average of $359.13 and a two-hundred day simple moving average of $318.62. The company has a market cap of $1.53 trillion, a price-to-earnings ratio of 265.58, a price-to-earnings-growth ratio of 15.46 and a beta of 2.08. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a 52 week low of $212.11 and a 52 week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted 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). The business had revenue of $22.50 billion during the quarter, compared to analyst estimates of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%.The business's revenue was down 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. As a group, equities analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal 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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