Centaurus Financial Inc. Acquires 5,252 Shares of Tesla, Inc. $TSLA

Centaurus Financial Inc. increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 9.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,036 shares of the electric vehicle producer’s stock after purchasing an additional 5,252 shares during the quarter. Tesla makes up approximately 1.1% of Centaurus Financial Inc.’s portfolio, making the stock its 10th biggest position. Centaurus Financial Inc.’s holdings in Tesla were worth $19,389,000 as of its most recent SEC filing.

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

Tesla Stock Up 2.7%

Shares of Tesla stock opened at $458.96 on Monday. Tesla, Inc. has a one year low of $214.25 and a one year high of $488.54. The company has a market cap of $1.53 trillion, a P/E ratio of 305.97, a PEG ratio of 15.50 and a beta of 1.87. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The firm has a fifty day moving average of $435.52 and a two-hundred day moving average of $376.42.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm 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 for the quarter was up 11.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 earnings per share. On average, analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TSLA has been the topic of a number of research reports. Wall Street Zen upgraded Tesla from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Cowen reissued a “buy” rating on shares of Tesla in a report on Monday, November 17th. China Renaissance lifted their target price on shares of Tesla from $349.00 to $380.00 and gave the company a “hold” rating in a report on Friday, October 24th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of Tesla in a research report on Thursday, October 23rd. Finally, Mizuho set a $475.00 price objective on shares of Tesla and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $399.33.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,637 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the transaction, the chief financial officer owned 13,757 shares in the company, valued at approximately $6,107,145.01. This represents a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kimbal Musk sold 56,820 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the sale, the director owned 1,391,615 shares in the company, valued at $627,145,215.90. The trade was a 3.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 19.90% of the company’s stock.

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.