RAM Investment Partners LLC Sells 505 Shares of Tesla, Inc. $TSLA

RAM Investment Partners LLC lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 10.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,538 shares of the electric vehicle producer’s stock after selling 505 shares during the quarter. Tesla comprises 0.3% of RAM Investment Partners LLC’s portfolio, making the stock its 26th largest holding. RAM Investment Partners LLC’s holdings in Tesla were worth $1,441,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. LGT Financial Advisors LLC acquired a new position in Tesla during the 2nd quarter worth $29,000. Chelsea Counsel Co. increased its stake in shares of Tesla by 59.7% in the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 40 shares during the period. Evergreen Private Wealth LLC lifted its position in shares of Tesla by 270.0% during the 2nd quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock worth $35,000 after purchasing an additional 81 shares during the last quarter. Glynn Capital Management LLC bought a new stake in Tesla during the 2nd quarter valued at approximately $35,000. Finally, Maseco LLP acquired a new stake in Tesla in the 2nd quarter valued at approximately $39,000. Institutional investors own 66.20% of the company’s stock.

Tesla Trading Down 6.6%

TSLA stock opened at $401.99 on Friday. 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 firm has a market cap of $1.34 trillion, a P/E ratio of 267.99, a P/E/G ratio of 16.84 and a beta of 2.06. Tesla, Inc. has a 1-year low of $214.25 and a 1-year high of $488.54. The business’s 50 day moving average is $428.60 and its 200-day moving average is $359.48.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $28.10 billion for the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.72 earnings per share. Equities analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In related news, SVP Xiaotong Zhu sold 20,000 shares of the firm’s stock in a transaction on 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 $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, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Monday, September 8th. The shares were sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of the transaction, the chief financial officer owned 9,856 shares of the company’s stock, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 202,606 shares of company stock valued at $75,588,902. Corporate insiders own 19.90% of the company’s stock.

Analyst Upgrades and Downgrades

TSLA has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on Tesla from $115.00 to $150.00 in a research report on Friday, October 3rd. Royal Bank Of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of Tesla in a report on Thursday, October 23rd. William Blair restated a “market perform” rating on shares of Tesla in a report on Friday, September 5th. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research note on Thursday, October 23rd. Finally, Melius assumed coverage on Tesla in a research report on Monday, October 13th. They set a “buy” rating and a $520.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have given a Hold rating and ten have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $393.61.

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.