Persium Advisors LLC Takes $355,000 Position in Tesla, Inc. $TSLA

by · The Cerbat Gem

Persium Advisors LLC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,117 shares of the electric vehicle producer’s stock, valued at approximately $355,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Means Investment CO. Inc. increased its position in Tesla by 37.7% during the first 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 during the last quarter. Focus Financial Network Inc. increased its holdings 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 buying an additional 670 shares during the last quarter. Siren L.L.C. purchased a new position in shares of Tesla in the 1st quarter worth $2,332,000. Zuckerman Investment Group LLC grew its position in Tesla by 6.9% during 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 acquiring an additional 826 shares during the period. Finally, Keystone Global Partners LLC acquired a new stake in Tesla during the first quarter worth about $594,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Trading Up 7.4%

Shares of TSLA opened at $395.94 on Monday. Tesla, Inc. has a one year low of $212.11 and a one year high of $488.54. The stock has a 50-day moving average price of $328.89 and a 200 day moving average price of $303.72. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. The company has a market capitalization of $1.28 trillion, a P/E ratio of 228.87, a P/E/G ratio of 13.81 and a beta of 2.06.

Tesla (NASDAQ:TSLA – Get Free Report) last announced its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 6.54% and a return on equity of 7.98%. The business’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 earnings per share. Sell-side analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, Director James R. Murdoch sold 120,000 shares of the firm’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the completion of the transaction, the director directly owned 697,031 shares of the company’s stock, valued at $244,162,988.99. This trade represents a 14.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the sale, the senior vice president owned 47,600 shares in the company, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 148,606 shares of company stock worth $51,999,662 in the last ninety days. 20.70% of the stock is owned by insiders.

Analyst Ratings Changes

TSLA has been the subject of a number of research analyst reports. Royal Bank Of Canada reissued an “overweight” rating on shares of Tesla in a research report on Tuesday, July 29th. UBS Group set a $290.00 price objective on shares of Tesla in a research note on Monday, June 30th. Baird R W downgraded shares of Tesla from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 9th. Morgan Stanley restated an “overweight” rating and set a $410.00 target price on shares of Tesla in a report on Friday, September 5th. Finally, Argus reiterated a “hold” rating on shares of Tesla in a report on Monday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, fourteen have assigned a Hold rating and nine have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $303.00.

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Tesla Profile

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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.

See Also

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