Tesla, Inc. $TSLA Shares Sold by Fort Sheridan Advisors LLC

Fort Sheridan Advisors LLC trimmed its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 13.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,086 shares of the electric vehicle producer’s stock after selling 312 shares during the period. Fort Sheridan Advisors LLC’s holdings in Tesla were worth $663,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Chelsea Counsel Co. lifted its position in Tesla by 59.7% during the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock worth $28,000 after acquiring an additional 40 shares in the last quarter. LGT Financial Advisors LLC acquired a new position in shares of Tesla during the second quarter worth $29,000. Evergreen Private Wealth LLC boosted its stake in shares of Tesla by 270.0% in the second quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock valued at $35,000 after purchasing an additional 81 shares during the period. Glynn Capital Management LLC acquired a new stake in Tesla during the 2nd quarter valued at $35,000. Finally, LSV Asset Management increased its stake in Tesla by 400.0% during the 2nd quarter. LSV Asset Management now owns 120 shares of the electric vehicle producer’s stock worth $38,000 after buying an additional 96 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Performance

Tesla stock opened at $430.14 on Tuesday. 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, Inc. has a 12 month low of $214.25 and a 12 month high of $488.54. The company has a fifty day moving average price of $433.87 and a two-hundred day moving average price of $369.96. The company has a market cap of $1.43 trillion, a PE ratio of 286.76, a P/E/G ratio of 16.84 and a beta of 2.06.

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

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the transaction, the chief financial officer directly owned 9,856 shares in the company, valued at $3,473,057.28. This represents a 20.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction 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 in the company, valued at $17,314,500. This represents a 29.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 82,606 shares of company stock worth $33,554,102 over the last ninety days. Company insiders own 19.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. BNP Paribas Exane assumed coverage on Tesla in a research note on Thursday, October 16th. They set an “underperform” rating and a $307.00 target price for the company. Stifel Nicolaus raised their price objective on Tesla from $483.00 to $508.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Morgan Stanley reaffirmed an “overweight” rating on shares of Tesla in a research report on Wednesday, October 15th. Robert W. Baird raised shares of Tesla from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $320.00 to $548.00 in a research report on Friday, September 19th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have assigned a Hold rating and nine have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $394.03.

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.