FDx Advisors Inc. Has $800,000 Stake in Tesla, Inc. $TSLA

FDx Advisors Inc. boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 32.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,517 shares of the electric vehicle producer’s stock after acquiring an additional 615 shares during the quarter. FDx Advisors Inc.’s holdings in Tesla were worth $800,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TSLA. LGT Financial Advisors LLC acquired a new stake in shares of Tesla during the second quarter worth $29,000. Chelsea Counsel Co. boosted its holdings in Tesla by 59.7% during the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock worth $28,000 after buying an additional 40 shares during the last quarter. Evergreen Private Wealth LLC boosted its holdings in Tesla by 270.0% during the second quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock worth $35,000 after buying an additional 81 shares during the last quarter. Maseco LLP bought a new stake in shares of Tesla in the 2nd quarter valued at about $39,000. Finally, Morton Brown Family Wealth LLC raised its position in shares of Tesla by 36.0% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 136 shares of the electric vehicle producer’s stock valued at $43,000 after acquiring an additional 36 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TSLA. Melius started coverage on shares of Tesla in a report on Monday, October 13th. They set a “buy” rating and a $520.00 price objective for the company. New Street Research lifted their price target on shares of Tesla from $465.00 to $520.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. The Goldman Sachs Group lowered their price objective on shares of Tesla from $425.00 to $400.00 and set a “neutral” rating for the company in a research report on Thursday, October 23rd. Benchmark reiterated a “buy” rating on shares of Tesla in a report on Thursday, October 23rd. Finally, Robert W. Baird upgraded Tesla from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $320.00 to $548.00 in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have given a Hold rating and eleven have given a Sell rating to the company’s stock. According to MarketBeat.com, Tesla presently has an average rating of “Hold” and an average target price of $391.08.

Tesla Stock Performance

TSLA opened at $429.52 on Friday. The company has a market capitalization of $1.43 trillion, a price-to-earnings ratio of 286.35, a P/E/G ratio of 16.84 and a beta of 2.06. The business’s 50-day moving average price is $420.97 and its two-hundred day moving average price is $355.54. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share 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 company had revenue of $28.10 billion during the quarter, compared to analysts’ expectations of $24.98 billion. During the same period in the prior year, the firm earned $0.72 earnings per share. Tesla’s revenue for the quarter was up 11.6% compared to the same quarter last year. Equities analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Activity

In other Tesla news, Director James R. Murdoch sold 60,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $422.68, for a total value of $25,360,800.00. Following the completion of the transaction, the director directly owned 637,031 shares in the company, valued at $269,260,263.08. This trade represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Xiaotong Zhu sold 20,000 shares of the company’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 sale, the senior vice president 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 is available in the SEC filing. Insiders have sold 202,606 shares of company stock worth $75,588,902 over the last ninety days. 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.