Relative Value Partners Group LLC Acquires Shares of 4,725 Tesla, Inc. (NASDAQ:TSLA)

Relative Value Partners Group LLC acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,725 shares of the electric vehicle producer’s stock, valued at approximately $980,000.

Other institutional investors have also bought and sold shares of the company. Private Trust Co. NA lifted its position in Tesla by 87.8% during the first quarter. Private Trust Co. NA now owns 5,138 shares of the electric vehicle producer’s stock valued at $1,066,000 after purchasing an additional 2,402 shares during the last quarter. Berkeley Capital Partners LLC lifted its position in Tesla by 1.6% during the first quarter. Berkeley Capital Partners LLC now owns 5,212 shares of the electric vehicle producer’s stock valued at $1,081,000 after purchasing an additional 81 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC lifted its holdings in shares of Tesla by 8.7% in the 1st quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,593 shares of the electric vehicle producer’s stock worth $953,000 after acquiring an additional 368 shares during the last quarter. Berkshire Capital Holdings Inc. lifted its holdings in shares of Tesla by 1.9% in the 1st quarter. Berkshire Capital Holdings Inc. now owns 109,230 shares of the electric vehicle producer’s stock worth $22,661,000 after acquiring an additional 2,060 shares during the last quarter. Finally, Sand Hill Global Advisors LLC lifted its holdings in shares of Tesla by 10.6% in the 1st quarter. Sand Hill Global Advisors LLC now owns 22,689 shares of the electric vehicle producer’s stock worth $4,707,000 after acquiring an additional 2,172 shares during the last quarter. Institutional investors own 41.87% of the company’s stock.

Tesla Stock Down 1.2 %

TSLA stock opened at $248.50 on Friday. The firm has a 50 day moving average of $256.44 and a 200 day moving average of $218.23. The stock has a market capitalization of $788.74 billion, a PE ratio of 70.40, a price-to-earnings-growth ratio of 3.92 and a beta of 2.09. The company has a quick ratio of 1.07, a current ratio of 1.59 and a debt-to-equity ratio of 0.02. Tesla, Inc. has a 52 week low of $101.81 and a 52 week high of $313.80.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, July 19th. The electric vehicle producer reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.22. The company had revenue of $24.93 billion during the quarter, compared to analysts’ expectations of $24.22 billion. Tesla had a net margin of 12.97% and a return on equity of 26.10%. Tesla’s revenue for the quarter was up 47.2% on a year-over-year basis. During the same period last year, the business earned $0.65 EPS. Sell-side analysts forecast that Tesla, Inc. will post 2.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TSLA shares. UBS Group lowered shares of Tesla from a “buy” rating to a “neutral” rating and raised their target price for the stock from $220.00 to $270.00 in a report on Monday, July 24th. Morgan Stanley restated an “equal weight” rating and issued a $250.00 target price on shares of Tesla in a report on Friday, July 21st. Jefferies Financial Group raised their target price on shares of Tesla from $185.00 to $265.00 and gave the stock a “hold” rating in a report on Monday, July 10th. Guggenheim restated a “sell” rating and issued a $125.00 target price on shares of Tesla in a report on Wednesday, August 30th. Finally, Barclays downgraded shares of Tesla from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $220.00 to $260.00 in a research note on Wednesday, June 21st. Six analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $233.77.

Insider Buying and Selling

In other Tesla news, SVP Xiaotong Zhu sold 1,065 shares of Tesla stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $249.62, for a total transaction of $265,845.30. Following the completion of the sale, the senior vice president now directly owns 59,540 shares in the company, valued at approximately $14,862,374.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Tesla news, CFO Zachary Kirkhorn sold 3,750 shares of Tesla stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $278.70, for a total transaction of $1,045,125.00. Following the completion of the sale, the chief financial officer now directly owns 197,540 shares in the company, valued at approximately $55,054,398. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 1,065 shares of Tesla stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $249.62, for a total transaction of $265,845.30. Following the sale, the senior vice president now owns 59,540 shares of the company’s stock, valued at $14,862,374.80. The disclosure for this sale can be found here. Insiders sold 58,315 shares of company stock worth $15,034,135 in the last three months. Corporate 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. It 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, retail merchandise, and vehicle insurance services.