American Trust Investment Advisors LLC continued to hold its stake in shares of Tesla Inc. (NASDAQ:TSLA) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 921 shares of the electric vehicle producer’s stock at the end of the second quarter. American Trust Investment Advisors LLC’s holdings in Tesla were worth $333,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in TSLA. Lincoln National Corp bought a new position in Tesla during the first quarter worth $226,000. Perigon Wealth Management LLC boosted its position in Tesla by 0.9% in the first quarter. Perigon Wealth Management LLC now owns 8,025 shares of the electric vehicle producer’s stock valued at $2,233,000 after buying an additional 74 shares during the period. UBS Asset Management Americas Inc. boosted its position in Tesla by 9.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 290,524 shares of the electric vehicle producer’s stock valued at $62,082,000 after buying an additional 25,012 shares during the period. Vanguard Group Inc. boosted its position in Tesla by 5.0% in the first quarter. Vanguard Group Inc. now owns 5,934,799 shares of the electric vehicle producer’s stock valued at $1,651,654,000 after buying an additional 280,941 shares during the period. Finally, Gemmer Asset Management LLC boosted its position in Tesla by 8.3% in the first quarter. Gemmer Asset Management LLC now owns 759 shares of the electric vehicle producer’s stock valued at $211,000 after buying an additional 58 shares during the period. Hedge funds and other institutional investors own 62.92% of the company’s stock.
Tesla Inc. (TSLA) opened at 347.46 on Friday. The company’s market capitalization is $57.99 billion. The company has a 50 day moving average price of $339.22 and a 200-day moving average price of $310.81. Tesla Inc. has a 52 week low of $178.19 and a 52 week high of $386.99.
Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.00) by $0.67. Tesla had a negative return on equity of 16.36% and a negative net margin of 7.61%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the company posted ($1.06) EPS. The business’s quarterly revenue was up 119.6% on a year-over-year basis. On average, equities analysts anticipate that Tesla Inc. will post ($6.18) earnings per share for the current fiscal year.
Several research firms recently issued reports on TSLA. UBS AG reissued a “sell” rating and set a $160.00 price target on shares of Tesla in a research report on Wednesday, May 3rd. Argus reissued a “hold” rating on shares of Tesla in a research report on Thursday, May 11th. Vetr raised Tesla from a “strong sell” rating to a “sell” rating and set a $278.94 price target on the stock in a research report on Wednesday, May 17th. ValuEngine raised Tesla from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered Tesla from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Eight equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $310.84.
In other news, Director Kimbal Musk sold 2,190 shares of Tesla stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $321.36, for a total value of $703,778.40. Following the completion of the transaction, the director now directly owns 160,274 shares of the company’s stock, valued at approximately $51,505,652.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 23.10% of the company’s stock.
Tesla Company Profile
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
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