Vanguard Personalized Indexing Management LLC Acquires 8,494 Shares of Tesla, Inc. (NASDAQ:TSLA)

by · The Cerbat Gem

Vanguard Personalized Indexing Management LLC raised its holdings in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 4.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 207,453 shares of the electric vehicle producer’s stock after acquiring an additional 8,494 shares during the quarter. Tesla comprises 0.8% of Vanguard Personalized Indexing Management LLC’s portfolio, making the stock its 16th largest position. Vanguard Personalized Indexing Management LLC’s holdings in Tesla were worth $40,957,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank & Trust Co bought a new position in Tesla in the second quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new stake in Tesla in the second quarter worth $26,000. OLD Point Trust & Financial Services N A acquired a new stake in Tesla in the fourth quarter worth $37,000. Guardian Wealth Management Inc. acquired a new stake in Tesla in the fourth quarter worth $47,000. Finally, Kessler Investment Group LLC raised its holdings in Tesla by 35.9% in the second quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle producer’s stock worth $38,000 after purchasing an additional 51 shares during the period. 66.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TSLA shares. China Renaissance upgraded shares of Tesla from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Friday, July 5th. HSBC increased their target price on shares of Tesla from $120.00 to $130.00 in a report on Wednesday, July 10th. New Street Research lowered shares of Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price objective on the stock. in a report on Wednesday, July 24th. Glj Research restated a “sell” rating and set a $24.86 price objective on shares of Tesla in a report on Thursday, September 5th. Finally, Citigroup dropped their price objective on shares of Tesla from $274.00 to $258.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Nine research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $209.60.

Read Our Latest Research Report on TSLA

Tesla Stock Performance

Shares of TSLA stock opened at $227.87 on Wednesday. The company has a market capitalization of $726.72 billion, a price-to-earnings ratio of 58.13, a PEG ratio of 6.08 and a beta of 2.29. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91. The company has a 50-day simple moving average of $222.16 and a 200 day simple moving average of $194.93. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $273.93.

Tesla (NASDAQ:TSLA – Get Free Report) last announced its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.10). The company had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. Tesla had a return on equity of 10.41% and a net margin of 13.00%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 EPS. On average, sell-side analysts predict that Tesla, Inc. will post 1.75 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 66,364 shares of Tesla stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the sale, the director now owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the sale, the senior vice president now owns 67,491 shares in the company, valued at approximately $14,967,479.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robyn M. Denholm sold 66,364 shares of Tesla stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the sale, the director now owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. The disclosure for this sale can be found here. 25.10% of the stock is currently owned by insiders.

About Tesla

(Free Report)

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.

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