Tesla, Inc. $TSLA Shares Sold by Integral Investment Advisors Inc.

Integral Investment Advisors Inc. decreased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 7.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,423 shares of the electric vehicle producer’s stock after selling 430 shares during the quarter. Integral Investment Advisors Inc.’s holdings in Tesla were worth $1,723,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. Siren L.L.C. purchased a new stake in Tesla in the 1st quarter valued at $2,332,000. Zuckerman Investment Group LLC increased its stake in Tesla by 6.9% in the first quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer’s stock valued at $3,304,000 after purchasing an additional 826 shares during the period. Keystone Global Partners LLC purchased a new stake in shares of Tesla in the first quarter valued at about $594,000. Strs Ohio acquired a new stake in shares of Tesla during the first quarter worth about $205,495,000. Finally, IFM Investors Pty Ltd grew its holdings in shares of Tesla by 8.5% during the first 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 during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tesla

In related news, SVP Xiaotong Zhu sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of the transaction, the senior vice president directly owned 47,600 shares of the company’s stock, valued at $17,314,500. This trade represents a 29.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James R. Murdoch sold 120,000 shares of Tesla stock in a transaction on 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 transaction, the director directly owned 697,031 shares of the company’s stock, valued at approximately $244,162,988.99. This represents a 14.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 202,606 shares of company stock valued at $75,588,902. Corporate insiders own 19.90% of the company’s stock.

Wall Street Analysts Forecast Growth

TSLA has been the subject of several analyst reports. Mizuho upped their price objective on Tesla from $450.00 to $485.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. China Renaissance increased their price target on Tesla from $349.00 to $380.00 and gave the stock a “hold” rating in a report on Friday. TD Cowen lifted their price objective on shares of Tesla from $374.00 to $509.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Baird R W upgraded shares of Tesla from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Finally, Wedbush restated an “outperform” rating and issued a $600.00 target price on shares of Tesla in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twelve have given a Hold rating and eleven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $381.00.

Tesla Price Performance

Tesla stock opened at $452.42 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. Tesla, Inc. has a one year low of $214.25 and a one year high of $488.54. The company has a market cap of $1.50 trillion, a P/E ratio of 301.61, a price-to-earnings-growth ratio of 15.45 and a beta of 2.08. The business has a fifty day moving average of $400.41 and a two-hundred day moving average of $342.47.

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

Tesla Company 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.