686 Shares in Tesla, Inc. $TSLA Bought by Cathy Pareto & Associates Inc.

Cathy Pareto & Associates Inc. acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the 2nd quarter, HoldingsChannel reports. The fund acquired 686 shares of the electric vehicle producer’s stock, valued at approximately $218,000.

Several other large investors have also modified their holdings of TSLA. Cherry Tree Wealth Management LLC boosted its holdings 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 worth $25,000 after buying an additional 44 shares during the period. First PREMIER Bank boosted its holdings in 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 during the period. Newton One Investments LLC boosted its holdings in Tesla by 250.0% in the 1st quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 75 shares during the period. Arcadia Investment Management Corp MI bought a new stake in Tesla in the 1st quarter valued at $27,000. Finally, Chelsea Counsel Co. boosted its holdings in Tesla by 59.7% in the 1st 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.

Tesla Stock Up 2.2%

Shares of NASDAQ:TSLA opened at $426.07 on Monday. Tesla, Inc. has a one year low of $212.11 and a one year high of $488.54. The company has a 50 day moving average of $340.68 and a 200-day moving average of $308.67. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. The stock has a market cap of $1.42 trillion, a price-to-earnings ratio of 246.28, a P/E/G ratio of 14.86 and a beta of 2.06.

Tesla (NASDAQ:TSLA) last issued 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 for 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 firm’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 EPS. On average, sell-side analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TSLA. Canaccord Genuity Group increased their price target on shares of Tesla from $303.00 to $333.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Argus reissued a “hold” rating on shares of Tesla in a report on Monday, June 9th. The Goldman Sachs Group raised their price objective on shares of Tesla from $300.00 to $395.00 and gave the stock a “neutral” rating in a report on Thursday. HSBC reaffirmed a “reduce” rating and set a $120.00 price objective on shares of Tesla in a report on Thursday, July 3rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, twelve have issued a Hold rating and nine have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $317.70.

Insider Buying and Selling at Tesla

In other news, Director James R. Murdoch sold 120,000 shares of the business’s 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 sale, the director owned 697,031 shares of the company’s stock, valued at $244,162,988.99. The trade was a 14.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the sale, the senior vice president directly owned 47,600 shares in the company, valued at approximately $17,314,500. This represents a 29.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 208,606 shares of company stock valued at $77,360,462. 19.90% of the stock is currently owned by corporate insiders.

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.