Tesla, Inc. $TSLA Position Boosted by Campbell Capital Management Inc.

Campbell Capital Management Inc. grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 1,763.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,477 shares of the electric vehicle producer’s stock after purchasing an additional 8,022 shares during the period. Tesla accounts for 1.1% of Campbell Capital Management Inc.’s portfolio, making the stock its 27th biggest position. Campbell Capital Management Inc.’s holdings in Tesla were worth $2,693,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TSLA. Chapman Financial Group LLC purchased a new stake in Tesla during the second quarter valued at about $26,000. Chelsea Counsel Co. boosted its position in shares of Tesla by 59.7% in the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock worth $28,000 after buying an additional 40 shares during the period. LGT Financial Advisors LLC purchased a new position in shares of Tesla during the second quarter valued at $29,000. CoreFirst Bank & Trust acquired a new position in Tesla during the second quarter valued at $30,000. Finally, ESL Trust Services LLC lifted its stake in Tesla by 1,900.0% in the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after acquiring an additional 95 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Trading Up 2.7%

Tesla stock opened at $458.96 on Friday. The company has a market cap of $1.53 trillion, a price-to-earnings ratio of 305.97, a P/E/G ratio of 15.50 and a beta of 1.87. Tesla, Inc. has a one year low of $214.25 and a one year high of $488.54. The firm has a 50-day moving average of $435.52 and a 200-day moving average of $376.29. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67.

Tesla (NASDAQ:TSLA) last released 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. The business had revenue of $28.10 billion during the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The firm’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the business earned $0.72 earnings per share. On average, equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tesla news, Director James R. Murdoch sold 60,000 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $422.68, for a total value of $25,360,800.00. Following the transaction, the director directly owned 637,031 shares in the company, valued at $269,260,263.08. The trade was a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kimbal Musk sold 56,820 shares of the company’s stock in a transaction that occurred on 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 transaction, the director directly owned 1,391,615 shares in the company, valued at $627,145,215.90. The trade was a 3.92% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 119,457 shares of company stock valued at $52,137,945. 19.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of research analyst reports. UBS Group reiterated a “sell” rating on shares of Tesla in a research report on Friday, November 7th. Piper Sandler restated an “overweight” rating and issued a $500.00 price objective on shares of Tesla in a research note on Tuesday. HSBC reaffirmed a “reduce” rating on shares of Tesla in a report on Monday, November 17th. Melius initiated coverage on shares of Tesla in a report on Monday, October 13th. They issued a “buy” rating and a $520.00 target price on the stock. Finally, Bank of America upped their price target on shares of Tesla from $341.00 to $471.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have issued a Hold rating and nine have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $399.33.

Tesla Company Profile

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.