Wealthstream Advisors Inc. Buys 419 Shares of Tesla, Inc. $TSLA

Wealthstream Advisors Inc. increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 17.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,847 shares of the electric vehicle producer’s stock after purchasing an additional 419 shares during the quarter. Wealthstream Advisors Inc.’s holdings in Tesla were worth $904,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Siren L.L.C. purchased a new stake in Tesla in the 1st quarter worth $2,332,000. Zuckerman Investment Group LLC increased its stake in Tesla by 6.9% in the 1st quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer’s stock worth $3,304,000 after buying an additional 826 shares in the last quarter. Keystone Global Partners LLC purchased a new stake in Tesla in the 1st quarter worth $594,000. Strs Ohio purchased a new stake in Tesla in the 1st quarter worth $205,495,000. Finally, IFM Investors Pty Ltd increased its stake in Tesla by 8.5% in the 1st quarter. IFM Investors Pty Ltd now owns 586,460 shares of the electric vehicle producer’s stock worth $153,436,000 after buying an additional 46,087 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Trading Up 2.5%

TSLA opened at $439.31 on Friday. The firm has a market cap of $1.46 trillion, a P/E ratio of 253.94, a P/E/G ratio of 15.79 and a beta of 2.08. Tesla, Inc. has a 12 month low of $212.11 and a 12 month high of $488.54. 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 stock has a 50-day moving average of $387.54 and a 200 day moving average of $333.60.

Tesla (NASDAQ:TSLA) last released 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 company had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%.The company’s revenue was down 11.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 EPS. As a group, research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

TSLA has been the subject of a number of analyst reports. BNP Paribas Exane began coverage on Tesla in a research note on Thursday. They issued an “underperform” rating and a $307.00 price target for the company. Bank of America raised their price objective on Tesla from $305.00 to $341.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Evercore ISI raised their price objective on Tesla from $235.00 to $300.00 and gave the company an “in-line” rating in a research report on Monday, October 13th. HSBC raised their price objective on Tesla from $120.00 to $127.00 in a research report on Monday, September 29th. Finally, Glj Research restated a “sell” rating on shares of Tesla in a research report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have given a Hold rating and ten have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $363.54.

Insider Buying and Selling

In related news, Director James R. Murdoch sold 120,000 shares of Tesla stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total value of $42,034,800.00. Following the completion of the transaction, the director owned 697,031 shares in the company, valued at approximately $244,162,988.99. This trade represents a 14.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $17,314,500. The trade was a 29.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 202,606 shares of company stock worth $75,588,902. Corporate insiders own 19.90% of the company’s stock.

Tesla Profile

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.