GSG Advisors LLC Buys 172 Shares of Tesla, Inc. (NASDAQ:TSLA)

GSG Advisors LLC increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 13.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,495 shares of the electric vehicle producer’s stock after acquiring an additional 172 shares during the period. GSG Advisors LLC’s holdings in Tesla were worth $314,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Keystone Wealth Services LLC raised its holdings in Tesla by 0.8% during the second quarter. Keystone Wealth Services LLC now owns 5,993 shares of the electric vehicle producer’s stock worth $1,186,000 after acquiring an additional 49 shares in the last quarter. Davis R M Inc. increased its position in Tesla by 0.7% during the fourth quarter. Davis R M Inc. now owns 6,991 shares of the electric vehicle producer’s stock worth $1,737,000 after buying an additional 52 shares during the last quarter. Wealthcare Capital Management LLC raised its stake in Tesla by 3.3% in the fourth quarter. Wealthcare Capital Management LLC now owns 1,744 shares of the electric vehicle producer’s stock valued at $433,000 after buying an additional 56 shares during the period. Clear Investment Research LLC lifted its position in shares of Tesla by 25.4% in the fourth quarter. Clear Investment Research LLC now owns 281 shares of the electric vehicle producer’s stock valued at $70,000 after buying an additional 57 shares during the last quarter. Finally, Paulson Wealth Management Inc. increased its holdings in shares of Tesla by 7.0% during the 4th quarter. Paulson Wealth Management Inc. now owns 869 shares of the electric vehicle producer’s stock worth $216,000 after acquiring an additional 57 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Guggenheim reaffirmed a “sell” rating and set a $134.00 price objective on shares of Tesla in a research report on Tuesday, July 23rd. KGI Securities reiterated a “neutral” rating and issued a $236.00 price target on shares of Tesla in a research note on Thursday, July 25th. Evercore ISI cut their price objective on shares of Tesla from $155.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, April 29th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $120.00 target price on shares of Tesla in a research report on Monday, July 1st. Finally, Barclays decreased their target price on Tesla from $225.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. Nine analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $204.21.

Tesla Price Performance

NASDAQ TSLA traded up $1.16 during trading on Friday, hitting $200.00. 58,648,274 shares of the company’s stock were exchanged, compared to its average volume of 100,019,031. The company has a market cap of $637.84 billion, a PE ratio of 51.02, a P/E/G ratio of 5.18 and a beta of 2.31. The company has a current ratio of 1.91, a quick ratio of 1.40 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $278.98. The stock’s 50 day moving average price is $212.04 and its two-hundred day moving average price is $190.28.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). Tesla had a return on equity of 10.41% and a net margin of 13.00%. The company had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. During the same quarter in the prior year, the company earned $0.78 earnings per share. Tesla’s revenue for the quarter was up 2.3% compared to the same quarter last year. Research analysts expect that Tesla, Inc. will post 1.79 EPS for the current year.

Insiders Place Their Bets

In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction on 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 sale, the director now owns 85,000 shares of the company’s stock, valued at $18,696,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the transaction, the senior vice president now owns 65,155 shares in the company, valued at approximately $11,350,652.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 85,000 shares in the company, valued at $18,696,600. The disclosure for this sale can be found here. Insiders own 25.10% of the company’s stock.

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.