15,000 Shares in Tesla, Inc. (NASDAQ:TSLA) Purchased by Susquehanna International Securities Ltd.

Susquehanna International Securities Ltd. acquired a new stake in Tesla, Inc. (NASDAQ:TSLA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 15,000 shares of the electric vehicle producer’s stock, valued at approximately $2,968,000. Tesla makes up approximately 0.7% of Susquehanna International Securities Ltd.’s portfolio, making the stock its 9th biggest holding.

Other large investors also recently modified their holdings of the company. Kathmere Capital Management LLC lifted its holdings in Tesla by 5.9% in the second quarter. Kathmere Capital Management LLC now owns 1,247 shares of the electric vehicle producer’s stock valued at $247,000 after buying an additional 70 shares during the period. Sepio Capital LP lifted its holdings in shares of Tesla by 19.9% during the 2nd quarter. Sepio Capital LP now owns 57,907 shares of the electric vehicle producer’s stock valued at $11,459,000 after purchasing an additional 9,626 shares in the last quarter. Susquehanna Fundamental Investments LLC grew its position in shares of Tesla by 40.8% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 140,155 shares of the electric vehicle producer’s stock valued at $27,734,000 after purchasing an additional 40,633 shares during the period. Beaird Harris Wealth Management LLC increased its stake in Tesla by 60.4% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 2,181 shares of the electric vehicle producer’s stock worth $432,000 after purchasing an additional 821 shares in the last quarter. Finally, Smith Thornton Advisors LLC acquired a new stake in Tesla during the 2nd quarter worth approximately $233,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TSLA. Canaccord Genuity Group restated a “buy” rating and set a $254.00 price objective on shares of Tesla in a report on Friday, September 13th. TD Cowen lifted their price target on Tesla from $160.00 to $180.00 and gave the company a “hold” rating in a research note on Wednesday, July 3rd. Glj Research reaffirmed a “sell” rating and set a $24.86 price objective on shares of Tesla in a research report on Thursday. KGI Securities reissued a “neutral” rating and issued a $236.00 target price on shares of Tesla in a research report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $295.00 price target on shares of Tesla in a research report on Tuesday, September 10th. Nine research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average target price of $209.90.

Tesla Stock Up 2.5 %

Shares of TSLA opened at $260.46 on Friday. The firm has a market cap of $832.08 billion, a P/E ratio of 66.44, a price-to-earnings-growth ratio of 6.92 and a beta of 2.29. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $271.00. The firm’s 50-day simple moving average is $221.89 and its 200 day simple moving average is $198.53.

Tesla (NASDAQ:TSLA) last posted its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.10). The firm had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. Tesla’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. On average, analysts forecast that Tesla, Inc. will post 1.75 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 8,000 shares of Tesla stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the completion of the sale, the chief financial officer now owns 105,032 shares of the company’s stock, valued at $26,258,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction on Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the transaction, the senior vice president now directly owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 8,000 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $250.00, for a total value of $2,000,000.00. Following the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,258,000. The disclosure for this sale can be found here. Insiders have sold a total of 74,661 shares of company stock valued at $16,663,291 in the last ninety days. 25.10% of the stock is currently owned by corporate insiders.

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.