AlphaMark Advisors LLC Purchases 71 Shares of Tesla, Inc. (NASDAQ:TSLA)

AlphaMark Advisors LLC raised its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 8.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 949 shares of the electric vehicle producer’s stock after purchasing an additional 71 shares during the quarter. AlphaMark Advisors LLC’s holdings in Tesla were worth $188,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. WASHINGTON TRUST Co raised its position in Tesla by 3.2% in the 2nd quarter. WASHINGTON TRUST Co now owns 1,433 shares of the electric vehicle producer’s stock worth $284,000 after buying an additional 45 shares during the last quarter. Keystone Wealth Services LLC raised its holdings in shares of Tesla by 0.8% during the second quarter. Keystone Wealth Services LLC now owns 5,993 shares of the electric vehicle producer’s stock valued at $1,186,000 after purchasing an additional 49 shares during the last quarter. West Paces Advisors Inc. raised its holdings in shares of Tesla by 5.9% during the second quarter. West Paces Advisors Inc. now owns 901 shares of the electric vehicle producer’s stock valued at $178,000 after purchasing an additional 50 shares during the last quarter. Davis R M Inc. raised its holdings in shares of Tesla by 0.7% during the fourth quarter. Davis R M Inc. now owns 6,991 shares of the electric vehicle producer’s stock valued at $1,737,000 after purchasing an additional 52 shares during the last quarter. Finally, Wealthcare Capital Management LLC raised its holdings in shares of Tesla by 3.3% during the fourth quarter. Wealthcare Capital Management LLC now owns 1,744 shares of the electric vehicle producer’s stock valued at $433,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 0.6 %

Shares of NASDAQ:TSLA traded up $1.18 during trading hours on Friday, hitting $215.32. The company’s stock had a trading volume of 39,796,742 shares, compared to its average volume of 99,009,750. The firm’s fifty day moving average price is $214.37 and its 200 day moving average price is $190.80. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $278.98. The company has a market capitalization of $686.70 billion, a price-to-earnings ratio of 55.65, a P/E/G ratio of 5.17 and a beta of 2.31.

Tesla (NASDAQ:TSLA) last issued 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 firm had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same period in the previous year, the firm earned $0.78 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, research analysts expect that Tesla, Inc. will post 1.79 EPS for the current year.

Insiders Place Their Bets

In related 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 value of $14,597,425.44. Following the completion of the transaction, the director now directly owns 85,000 shares in the company, valued at approximately $18,696,600. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP Xiaotong Zhu sold 650 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robyn M. Denholm sold 66,364 shares of the company’s 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 directly 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 owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TSLA. Morgan Stanley reissued an “overweight” rating and set a $310.00 price objective on shares of Tesla in a report on Monday, July 29th. TD Cowen boosted their price objective on shares of Tesla from $160.00 to $180.00 and gave the company a “hold” rating in a report on Wednesday, July 3rd. Citigroup reduced their target price on shares of Tesla from $274.00 to $258.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. Barclays reduced their target price on shares of Tesla from $225.00 to $220.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a report on Tuesday, July 9th. Nine research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $204.21.

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.