Coppell Advisory Solutions LLC Has $9.90 Million Position in Tesla, Inc. $TSLA

Coppell Advisory Solutions LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 250.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,587 shares of the electric vehicle producer’s stock after buying an additional 21,853 shares during the period. Tesla makes up about 1.2% of Coppell Advisory Solutions LLC’s portfolio, making the stock its 19th largest position. Coppell Advisory Solutions LLC’s holdings in Tesla were worth $9,899,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Chapman Financial Group LLC purchased a new position in shares of Tesla during the second quarter valued at approximately $26,000. Chelsea Counsel Co. increased its holdings in shares of Tesla by 59.7% in the 1st 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 last quarter. LGT Financial Advisors LLC bought a new stake in Tesla during the second quarter worth about $29,000. CoreFirst Bank & Trust purchased a new position in shares of Tesla during the second quarter worth approximately $30,000. Finally, ESL Trust Services LLC grew its stake in shares of Tesla by 1,900.0% during the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock valued at $32,000 after buying an additional 95 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tesla

In other Tesla news, Director Kimbal Musk sold 56,820 shares of Tesla 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 sale, the director owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. The trade was a 3.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 2,637 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the transaction, the chief financial officer directly owned 13,757 shares in the company, valued at $6,107,145.01. The trade was a 16.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 19.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TSLA. Evercore ISI boosted their price target on Tesla from $235.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. HSBC reiterated a “reduce” rating on shares of Tesla in a research note on Monday, November 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Tesla from $440.00 to $470.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. JPMorgan Chase & Co. boosted their price target on Tesla from $115.00 to $150.00 in a research report on Friday, October 3rd. Finally, Canaccord Genuity Group cut their price target on Tesla from $490.00 to $482.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have issued a Hold rating and nine have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $399.33.

Tesla Trading Up 2.7%

Shares of NASDAQ:TSLA opened at $458.96 on Monday. 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, Inc. has a 1 year low of $214.25 and a 1 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 stock’s fifty day moving average price is $435.52 and its 200-day moving average price is $376.42.

Tesla (NASDAQ:TSLA) last issued its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business had revenue of $28.10 billion during the quarter, compared to analyst estimates of $24.98 billion. During the same quarter in the previous year, the firm earned $0.72 EPS. Tesla’s revenue was up 11.6% on a year-over-year basis. Sell-side analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

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.