Tesla Inc (NASDAQ:TSLA) Shares Purchased by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI lifted its position in Tesla Inc (NASDAQ:TSLA) by 83.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,554 shares of the electric vehicle producer’s stock after acquiring an additional 1,165 shares during the period. Parsons Capital Management Inc. RI’s holdings in Tesla were worth $570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Janus Henderson Group PLC lifted its position in Tesla by 89.0% during the first quarter. Janus Henderson Group PLC now owns 126,851 shares of the electric vehicle producer’s stock worth $35,496,000 after buying an additional 59,736 shares in the last quarter. Quantamental Technologies LLC purchased a new position in Tesla during the first quarter worth approximately $92,000. Private Ocean LLC lifted its position in Tesla by 1,413.3% during the first quarter. Private Ocean LLC now owns 227 shares of the electric vehicle producer’s stock worth $64,000 after buying an additional 212 shares in the last quarter. Fort Point Capital Partners LLC lifted its position in Tesla by 8.1% during the first quarter. Fort Point Capital Partners LLC now owns 1,660 shares of the electric vehicle producer’s stock worth $465,000 after buying an additional 124 shares in the last quarter. Finally, Noven Financial Group Inc. purchased a new position in Tesla during the first quarter worth approximately $245,000. 54.88% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Antonio J. Gracias sold 33,766 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $180.35, for a total transaction of $6,089,698.10. Following the completion of the transaction, the director now directly owns 14,232 shares of the company’s stock, valued at approximately $2,566,741.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey B. Straubel sold 15,000 shares of the business’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $223.51, for a total value of $3,352,650.00. Following the transaction, the insider now directly owns 306,098 shares of the company’s stock, valued at $68,415,963.98. The disclosure for this sale can be found here. Insiders sold a total of 78,916 shares of company stock worth $15,785,800 in the last quarter. Company insiders own 24.40% of the company’s stock.



TSLA has been the topic of a number of analyst reports. Evercore ISI reduced their price objective on Tesla from $240.00 to $200.00 and set an “underperform” rating on the stock in a research report on Wednesday, May 15th. They noted that the move was a valuation call. Berenberg Bank reiterated a “buy” rating on shares of Tesla in a research report on Friday, June 14th. Sanford C. Bernstein set a $325.00 price objective on Tesla and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Needham & Company LLC reiterated a “sell” rating on shares of Tesla in a research report on Sunday, July 7th. Finally, Robert W. Baird reduced their price objective on Tesla from $400.00 to $340.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 21st. Eighteen investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. Tesla has an average rating of “Hold” and an average price target of $269.53.

Shares of TSLA stock traded up $5.06 on Friday, hitting $220.70. The stock had a trading volume of 307,262 shares, compared to its average volume of 7,699,795. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.06 and a quick ratio of 0.71. The firm has a market capitalization of $42.09 billion, a P/E ratio of -38.50 and a beta of 0.60. Tesla Inc has a 1 year low of $176.99 and a 1 year high of $379.49. The company’s 50 day moving average price is $237.05 and its 200-day moving average price is $252.10.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, July 24th. The electric vehicle producer reported ($2.31) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.55) by ($0.76). The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.44 billion. Tesla had a negative net margin of 2.64% and a negative return on equity of 11.42%. Tesla’s quarterly revenue was up 58.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($3.06) EPS. On average, equities analysts forecast that Tesla Inc will post -7.51 EPS for the current year.

Tesla Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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