Tesla, Inc. $TSLA Shares Bought by Seaview Investment Managers LLC

Seaview Investment Managers LLC lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 191.6% during the 2nd quarter, Holdings Channel reports. The firm owned 2,336 shares of the electric vehicle producer’s stock after buying an additional 1,535 shares during the period. Seaview Investment Managers LLC’s holdings in Tesla were worth $742,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Holos Integrated Wealth LLC grew its stake in shares of Tesla by 10.8% in the second quarter. Holos Integrated Wealth LLC now owns 309 shares of the electric vehicle producer’s stock worth $102,000 after acquiring an additional 30 shares in the last quarter. First Merchants Corp boosted its holdings in Tesla by 1.3% in the second quarter. First Merchants Corp now owns 2,413 shares of the electric vehicle producer’s stock valued at $767,000 after purchasing an additional 31 shares during the period. Kaye Capital Management grew its stake in Tesla by 3.1% during the 2nd quarter. Kaye Capital Management now owns 1,047 shares of the electric vehicle producer’s stock worth $333,000 after purchasing an additional 31 shares in the last quarter. Spectrum Wealth Advisory Group LLC increased its holdings in Tesla by 3.4% during the 2nd quarter. Spectrum Wealth Advisory Group LLC now owns 941 shares of the electric vehicle producer’s stock worth $299,000 after purchasing an additional 31 shares during the period. Finally, Wambolt & Associates LLC raised its position in Tesla by 1.0% in the 2nd quarter. Wambolt & Associates LLC now owns 3,119 shares of the electric vehicle producer’s stock valued at $938,000 after purchasing an additional 31 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tesla

In other news, SVP Xiaotong Zhu sold 20,000 shares of the 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 sale, the senior vice president directly owned 47,600 shares of the company’s stock, valued at approximately $17,314,500. This represents a 29.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction on Monday, September 15th. The shares were sold at an average price of $422.68, for a total transaction 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. The trade was a 8.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 82,606 shares of company stock worth $33,554,102. 19.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wedbush reissued an “outperform” rating and set a $600.00 price objective on shares of Tesla in a research report on Wednesday, November 5th. Evercore ISI increased their price objective on shares of Tesla from $235.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. DZ Bank restated a “sell” rating on shares of Tesla in a report on Thursday, October 23rd. New Street Research boosted their target price on shares of Tesla from $465.00 to $520.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Barclays restated a “neutral” rating and issued a $350.00 price target on shares of Tesla in a research note on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have issued a Hold rating and nine have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $398.92.

Tesla Price Performance

Shares of TSLA opened at $455.00 on Friday. The firm has a fifty day moving average price of $434.93 and a 200 day moving average price of $372.41. The stock has a market cap of $1.51 trillion, a PE ratio of 303.33, a price-to-earnings-growth ratio of 15.36 and a beta of 1.87. 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 earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business 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 quarter in the previous year, the firm earned $0.72 earnings per share. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

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.