Tesla, Inc. $TSLA Shares Bought by Diversified Trust Co

Diversified Trust Co lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 2.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 53,192 shares of the electric vehicle producer’s stock after acquiring an additional 1,296 shares during the period. Diversified Trust Co’s holdings in Tesla were worth $16,897,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Cherry Tree Wealth Management LLC boosted its holdings in shares of Tesla by 86.3% during the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer’s stock worth $25,000 after purchasing an additional 44 shares during the last quarter. First PREMIER Bank boosted its position in Tesla by 79.2% during the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer’s stock worth $25,000 after purchasing an additional 42 shares during the period. Newton One Investments LLC grew 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 valued at $27,000 after buying an additional 75 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Tesla during the first quarter worth $27,000. Finally, Chelsea Counsel Co. grew its stake in shares of Tesla by 59.7% during the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock valued at $28,000 after acquiring an additional 40 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Price Performance

NASDAQ:TSLA opened at $426.07 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. The firm has a fifty day simple moving average of $340.68 and a 200 day simple moving average of $308.15. The stock has a market capitalization of $1.42 trillion, a PE ratio of 246.28, a P/E/G ratio of 14.54 and a beta of 2.06. Tesla, Inc. has a 1-year low of $212.11 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The firm had revenue of $22.50 billion during the quarter, compared to analyst estimates of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The business’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 earnings per share. On average, research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling

In other Tesla news, Director James R. Murdoch sold 120,000 shares of Tesla stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total value of $42,034,800.00. Following the completion of the sale, the director directly owned 697,031 shares of the company’s stock, valued at approximately $244,162,988.99. The trade was a 14.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $292.89, for a total value of $1,171,560.00. Following the transaction, the chief financial officer owned 5,924 shares of the company’s stock, valued at $1,735,080.36. This trade represents a 40.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 208,606 shares of company stock valued at $77,360,462 over the last quarter. Insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TSLA shares. UBS Group set a $290.00 price objective on Tesla in a research note on Monday, June 30th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a report on Thursday, July 24th. Guggenheim restated a “sell” rating and set a $175.00 price target on shares of Tesla in a report on Wednesday, July 23rd. Glj Research reissued a “sell” rating on shares of Tesla in a research report on Thursday, July 24th. Finally, Wedbush reissued an “outperform” rating and issued a $500.00 price target on shares of Tesla in a research note on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, thirteen have assigned a Hold rating and nine have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $317.70.

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.