Tesla, Inc. $TSLA Shares Acquired by Sicart Associates LLC

by · The Cerbat Gem

Sicart Associates LLC boosted its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 20.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,477 shares of the electric vehicle producer’s stock after buying an additional 7,344 shares during the quarter. Tesla makes up about 5.2% of Sicart Associates LLC’s investment portfolio, making the stock its 4th biggest holding. Sicart Associates LLC’s holdings in Tesla were worth $19,335,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TSLA. Chapman Financial Group LLC bought a new position in Tesla during the second quarter worth $26,000. LGT Financial Advisors LLC bought a new stake in Tesla during the second quarter valued at $29,000. CoreFirst Bank & Trust acquired a new stake in shares of Tesla during the second quarter worth $30,000. ESL Trust Services LLC raised its holdings in shares of Tesla by 1,900.0% during the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after purchasing an additional 95 shares during the period. Finally, Delos Wealth Advisors LLC bought a new position in shares of Tesla in the 2nd quarter worth about $32,000. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. President Capital boosted their price objective on shares of Tesla from $373.00 to $529.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Melius started coverage on Tesla in a research note on Monday, October 13th. They issued a “buy” rating and a $520.00 target price for the company. Mizuho increased their price target on Tesla from $475.00 to $530.00 and gave the stock an “outperform” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price target on Tesla from $115.00 to $150.00 in a report on Friday, October 3rd. Finally, Benchmark restated a “buy” rating on shares of Tesla in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have given a Hold rating and nine have issued a Sell rating to the stock. According to data from MarketBeat.com, Tesla presently has an average rating of “Hold” and an average price target of $400.86.

Check Out Our Latest Report on Tesla

Tesla Stock Performance

Shares of TSLA stock opened at $467.26 on Thursday. Tesla, Inc. has a 12-month low of $214.25 and a 12-month high of $495.28. 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 firm has a market capitalization of $1.55 trillion, a price-to-earnings ratio of 311.51, a price-to-earnings-growth ratio of 12.24 and a beta of 1.87. The business has a 50 day simple moving average of $437.67 and a 200 day simple moving average of $378.86.

Tesla (NASDAQ:TSLA – Get Free Report) last announced its 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. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The firm had revenue of $28.10 billion for the quarter, compared to the consensus estimate of $24.98 billion. During the same quarter in the previous year, the business earned $0.72 EPS. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Activity

In related news, Director Kimbal Musk sold 56,820 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total value of $25,606,501.20. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 2,637 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the transaction, the chief financial officer directly owned 13,757 shares in the company, valued at approximately $6,107,145.01. The trade was a 16.09% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 19.90% of the company’s stock.

Tesla Profile

(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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