Solstein Capital LLC Purchases 266 Shares of Tesla, Inc. $TSLA

Solstein Capital LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 58.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 725 shares of the electric vehicle producer’s stock after acquiring an additional 266 shares during the period. Solstein Capital LLC’s holdings in Tesla were worth $230,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Arcadia Investment Management Corp MI acquired a new position in Tesla during the 1st quarter worth $27,000. Chelsea Counsel Co. lifted its holdings in Tesla by 59.7% during the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock worth $28,000 after buying an additional 40 shares in the last quarter. Centennial Bank AR lifted its holdings in Tesla by 833.3% during the 1st quarter. Centennial Bank AR now owns 112 shares of the electric vehicle producer’s stock worth $29,000 after buying an additional 100 shares in the last quarter. LGT Financial Advisors LLC acquired a new position in Tesla during the 2nd quarter worth $29,000. Finally, Compass Wealth Management LLC lifted its stake in shares of Tesla by 360.0% in the 1st quarter. Compass Wealth Management LLC now owns 115 shares of the electric vehicle producer’s stock valued at $30,000 after purchasing an additional 90 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the sale, the chief financial officer owned 9,856 shares of the company’s stock, valued at $3,473,057.28. This trade represents a 20.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $422.68, for a total value of $25,360,800.00. Following the completion of the sale, the director directly owned 637,031 shares in the company, valued at $269,260,263.08. This represents a 8.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 202,606 shares of company stock valued at $75,588,902 in the last 90 days. 19.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. UBS Group set a $247.00 price target on Tesla in a research note on Monday, October 6th. China Renaissance increased their price target on Tesla from $349.00 to $380.00 and gave the company a “hold” rating in a research note on Friday. Mizuho increased their price target on Tesla from $450.00 to $485.00 and gave the company an “outperform” rating in a research note on Thursday. Stifel Nicolaus set a $483.00 price target on Tesla and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, William Blair reissued a “market perform” rating on shares of Tesla in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twelve have assigned a Hold rating and eleven have given a Sell rating to the company. Based on data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus price target of $381.00.

Tesla Stock Performance

Shares of Tesla stock opened at $433.72 on Monday. The company has a market capitalization of $1.44 trillion, a PE ratio of 289.15, a PEG ratio of 15.45 and a beta of 2.08. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $488.54. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. The stock’s fifty day simple moving average is $398.06 and its 200 day simple moving average is $341.21.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, October 22nd. The electric vehicle producer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business had revenue of $28.10 billion for the quarter, compared to the consensus estimate of $24.98 billion. During the same quarter last year, the business posted $0.72 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. On average, research analysts predict that Tesla, Inc. will post 2.56 EPS for the current 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.