Luken Investment Analytics LLC Has $46,000 Holdings in Tesla, Inc. $TSLA

Luken Investment Analytics LLC raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 60.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144 shares of the electric vehicle producer’s stock after purchasing an additional 54 shares during the period. Luken Investment Analytics LLC’s holdings in Tesla were worth $46,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Means Investment CO. Inc. increased its stake in shares of Tesla by 37.7% in the 1st quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer’s stock valued at $5,984,000 after acquiring an additional 6,323 shares during the last quarter. Focus Financial Network Inc. increased its stake in shares of Tesla by 3.1% in the 1st quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer’s stock valued at $5,823,000 after acquiring an additional 670 shares during the last quarter. Siren L.L.C. bought a new stake in shares of Tesla in the 1st quarter valued at about $2,332,000. Zuckerman Investment Group LLC increased its stake in shares of Tesla by 6.9% in the 1st quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer’s stock valued at $3,304,000 after acquiring an additional 826 shares during the last quarter. Finally, Keystone Global Partners LLC bought a new stake in shares of Tesla in the 1st quarter valued at about $594,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TSLA shares. CICC Research upped their price target on Tesla from $360.00 to $450.00 and gave the company an “outperform” rating in a research note on Thursday, September 18th. Bank of America upped their price target on Tesla from $305.00 to $341.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. UBS Group set a $247.00 price target on Tesla in a research note on Monday. Daiwa Capital Markets reissued a “neutral” rating on shares of Tesla in a research note on Sunday, July 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tesla in a research note on Saturday, September 27th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, thirteen have given a Hold rating and eight have issued a Sell rating to the stock. According to data from MarketBeat, Tesla has a consensus rating of “Hold” and a consensus price target of $344.40.

Insider Transactions at Tesla

In other news, Director James R. Murdoch sold 120,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the completion of the transaction, the director directly owned 697,031 shares of the company’s stock, valued at $244,162,988.99. This trade represents a 14.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm’s 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 of the company’s stock, valued at $3,473,057.28. This represents a 20.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 202,606 shares of company stock valued at $75,588,902 in the last ninety days. 19.90% of the stock is currently owned by corporate insiders.

Tesla Price Performance

Shares of TSLA opened at $453.25 on Tuesday. The stock has a market capitalization of $1.51 trillion, a P/E ratio of 261.99, a P/E/G ratio of 14.93 and a beta of 2.08. Tesla, Inc. has a twelve month low of $212.11 and a twelve month high of $488.54. The company has a 50 day moving average of $366.57 and a 200-day moving average of $324.02. 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 (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share 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 the consensus estimate of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%.Tesla’s revenue was down 11.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 earnings per share. As a group, equities research analysts forecast that Tesla, Inc. will post 2.56 EPS 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.