Ewa LLC Buys New Holdings in Tesla, Inc. (NASDAQ:TSLA)

Ewa LLC acquired a new stake in Tesla, Inc. (NASDAQ:TSLA) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 981 shares of the electric vehicle producer’s stock, valued at approximately $257,000.

A number of other institutional investors have also recently made changes to their positions in the stock. MidWestOne Financial Group Inc. raised its position in shares of Tesla by 3.3% in the 1st quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer’s stock worth $509,000 after acquiring an additional 15 shares in the last quarter. Astoria Portfolio Advisors LLC. increased its stake in shares of Tesla by 2.8% in the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 1,387 shares of the electric vehicle producer’s stock worth $385,000 after acquiring an additional 38 shares in the last quarter. AFG Fiduciary Services Limited Partnership lifted its position in Tesla by 1.3% during the 2nd quarter. AFG Fiduciary Services Limited Partnership now owns 3,092 shares of the electric vehicle producer’s stock valued at $870,000 after acquiring an additional 40 shares during the period. Everett Harris & Co. CA boosted its stake in Tesla by 1.4% during the second quarter. Everett Harris & Co. CA now owns 2,967 shares of the electric vehicle producer’s stock worth $777,000 after acquiring an additional 40 shares in the last quarter. Finally, Meritage Portfolio Management grew its holdings in Tesla by 2.8% in the second quarter. Meritage Portfolio Management now owns 1,478 shares of the electric vehicle producer’s stock worth $387,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 41.87% of the company’s stock.

Tesla Stock Down 0.5 %

NASDAQ:TSLA traded down $1.10 during mid-day trading on Monday, hitting $233.20. 47,847,834 shares of the company’s stock traded hands, compared to its average volume of 139,620,109. The company has a fifty day moving average of $240.04 and a 200 day moving average of $238.24. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.18 and a current ratio of 1.69. Tesla, Inc. has a twelve month low of $101.81 and a twelve month high of $299.29. The company has a market capitalization of $741.32 billion, a P/E ratio of 74.81, a P/E/G ratio of 4.38 and a beta of 2.28.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, October 18th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.07). The company had revenue of $23.35 billion for the quarter, compared to analyst estimates of $24.19 billion. Tesla had a return on equity of 21.47% and a net margin of 11.21%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 earnings per share. On average, analysts forecast that Tesla, Inc. will post 2.68 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Barclays restated an “equal weight” rating and set a $260.00 price target on shares of Tesla in a report on Friday, September 22nd. HSBC began coverage on Tesla in a research report on Thursday, November 9th. They issued a “reduce” rating and a $146.00 price objective on the stock. Citigroup reduced their price objective on Tesla from $271.00 to $255.00 and set a “neutral” rating for the company in a report on Thursday, October 19th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Tesla from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, September 27th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $305.00 price target on shares of Tesla in a research note on Tuesday, September 26th. Eight equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $233.87.

Insider Buying and Selling

In related news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $210.67, for a total transaction of $2,212,035.00. Following the sale, the senior vice president now directly owns 68,102 shares of the company’s stock, valued at $14,347,048.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $250.02, for a total value of $1,000,080.00. Following the sale, the chief financial officer now directly owns 104,504 shares of the company’s stock, valued at $26,128,090.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $210.67, for a total transaction of $2,212,035.00. Following the sale, the senior vice president now directly owns 68,102 shares of the company’s stock, valued at approximately $14,347,048.34. The disclosure for this sale can be found here. Insiders sold a total of 43,065 shares of company stock valued at $10,248,880 over the last 90 days. Insiders own 25.10% of the company’s stock.

Tesla Profile

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.