Chatham Capital Group Inc. Buys Shares of 635 Tesla, Inc. $TSLA

Chatham Capital Group Inc. purchased a new stake in Tesla, Inc. (NASDAQ:TSLA) during the 2nd quarter, Holdings Channel reports. The fund purchased 635 shares of the electric vehicle producer’s stock, valued at approximately $202,000.

Other institutional investors have also recently modified their holdings of the company. Means Investment CO. Inc. increased its position in Tesla by 37.7% during the 1st quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer’s stock worth $5,984,000 after purchasing an additional 6,323 shares in the last quarter. Focus Financial Network Inc. boosted its stake in shares of Tesla by 3.1% during the 1st quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer’s stock worth $5,823,000 after purchasing an additional 670 shares during the last quarter. Siren L.L.C. purchased a new stake in shares of Tesla during the first quarter worth about $2,332,000. Zuckerman Investment Group LLC raised its position in shares of 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 buying an additional 826 shares during the last quarter. Finally, Keystone Global Partners LLC purchased a new position in shares of Tesla during the first quarter valued at approximately $594,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TSLA shares. China Renaissance reissued a “hold” rating and set a $349.00 price target on shares of Tesla in a research note on Friday, July 25th. The Goldman Sachs Group increased their target price on Tesla from $300.00 to $395.00 and gave the stock a “neutral” rating in a research report on Thursday, September 18th. Robert W. Baird upgraded Tesla from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $320.00 to $548.00 in a report on Friday, September 19th. UBS Group reiterated a “sell” rating on shares of Tesla in a report on Monday, September 22nd. Finally, Morgan Stanley restated an “overweight” rating and issued a $410.00 target price on shares of Tesla in a report on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twelve have assigned a Hold rating and nine have given a Sell rating to the stock. According to data from MarketBeat, Tesla has a consensus rating of “Hold” and a consensus target price of $332.33.

Insiders Place Their Bets

In related news, Director James R. Murdoch sold 120,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total transaction 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. The trade was a 14.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $292.89, for a total transaction of $1,171,560.00. Following the completion of the sale, the chief financial officer directly owned 5,924 shares of the company’s stock, valued at $1,735,080.36. This trade represents a 40.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 208,606 shares of company stock worth $77,360,462 over the last quarter. 19.90% of the stock is owned by corporate insiders.

Tesla Trading Up 4.0%

NASDAQ TSLA opened at $440.40 on Monday. The firm has a market capitalization of $1.46 trillion, a price-to-earnings ratio of 254.57, a PEG ratio of 15.36 and a beta of 2.06. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. Tesla, Inc. has a one year low of $212.11 and a one year high of $488.54. The company’s 50 day moving average price is $352.05 and its 200 day moving average price is $315.40.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). The business had revenue of $22.50 billion during the quarter, compared to analyst estimates of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%.Tesla’s revenue was down 11.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 EPS. On average, sell-side 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.