MRP Capital Investments LLC Boosts Stake in Tesla, Inc. $TSLA

MRP Capital Investments LLC lifted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 93.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,518 shares of the electric vehicle producer’s stock after purchasing an additional 2,670 shares during the period. Tesla comprises about 1.2% of MRP Capital Investments LLC’s portfolio, making the stock its 21st largest holding. MRP Capital Investments LLC’s holdings in Tesla were worth $1,753,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Chapman Financial Group LLC acquired a new position in Tesla during the second quarter worth $26,000. Chelsea Counsel Co. raised its position in shares of 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 purchasing an additional 40 shares during the last quarter. LGT Financial Advisors LLC purchased a new position in Tesla in the 2nd quarter valued at about $29,000. CoreFirst Bank & Trust acquired a new stake in Tesla in the 2nd quarter worth about $30,000. Finally, ESL Trust Services LLC increased its stake in Tesla by 1,900.0% during the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after buying an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TSLA shares. Deutsche Bank Aktiengesellschaft raised their target price on Tesla from $440.00 to $470.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Evercore ISI lifted their target price on shares of Tesla from $235.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Morgan Stanley set a $425.00 target price on shares of Tesla and gave the stock an “equal weight” rating in a report on Sunday, December 7th. Truist Financial raised their price target on shares of Tesla from $280.00 to $406.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. Finally, TD Cowen upped their price objective on shares of Tesla from $374.00 to $509.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, fourteen have issued a Hold rating and nine have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $399.33.

Tesla Price Performance

Shares of TSLA stock opened at $458.96 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. The company has a market capitalization of $1.53 trillion, a PE ratio of 305.97, a price-to-earnings-growth ratio of 15.50 and a beta of 1.87. The firm’s 50-day moving average is $435.52 and its two-hundred day moving average is $376.29. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $488.54.

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

Insider Buying and Selling at Tesla

In other news, Director Kimbal Musk sold 56,820 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total value of $25,606,501.20. Following the transaction, the director owned 1,391,615 shares of the company’s stock, valued at $627,145,215.90. This represents a 3.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 2,637 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the sale, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at $6,107,145.01. The trade was a 16.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 119,457 shares of company stock worth $52,137,945 over the last quarter. 19.90% of the stock is currently owned by company insiders.

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.