Hill Investment Group Partners LLC Makes New Investment in Tesla, Inc. (NASDAQ:TSLA)

Hill Investment Group Partners LLC purchased a new stake in Tesla, Inc. (NASDAQ:TSLA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 834 shares of the electric vehicle producer’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. MidWestOne Financial Group Inc. boosted its position in shares of Tesla by 3.3% during the 1st quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer’s stock valued at $509,000 after purchasing an additional 15 shares in the last quarter. Astoria Portfolio Advisors LLC. boosted its holdings in Tesla by 2.8% in the second 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 boosted its holdings in Tesla by 1.3% in the second quarter. AFG Fiduciary Services Limited Partnership now owns 3,092 shares of the electric vehicle producer’s stock worth $870,000 after acquiring an additional 40 shares in the last quarter. Everett Harris & Co. CA boosted its holdings in Tesla by 1.4% in 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 boosted 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 acquiring an additional 40 shares in the last quarter. Institutional investors and hedge funds own 41.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TSLA. StockNews.com lowered Tesla from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. The Goldman Sachs Group restated a “neutral” rating and issued a $275.00 target price on shares of Tesla in a report on Monday, September 18th. Jefferies Financial Group dropped their target price on Tesla from $250.00 to $210.00 and set a “hold” rating on the stock in a report on Monday. Guggenheim reaffirmed a “sell” rating and set a $125.00 price target on shares of Tesla in a research report on Thursday, October 19th. Finally, Morgan Stanley decreased their price target on Tesla from $400.00 to $380.00 and set an “overweight” rating for the company in a research report on Thursday, October 19th. Eight analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $233.87.

Tesla Price Performance

NASDAQ:TSLA traded down $1.05 during trading hours on Monday, hitting $233.25. 81,024,840 shares of the company’s stock traded hands, compared to its average volume of 139,790,500. The firm has a market cap of $741.48 billion, a P/E ratio of 74.81, a P/E/G ratio of 4.38 and a beta of 2.28. Tesla, Inc. has a 52 week low of $101.81 and a 52 week high of $299.29. The business’s fifty day simple moving average is $240.04 and its two-hundred day simple moving average is $238.24. The company has a quick ratio of 1.18, a current ratio of 1.69 and a debt-to-equity ratio of 0.04.

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

Insider Transactions at Tesla

In other news, SVP Xiaotong Zhu sold 2,500 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $257.23, for a total value of $643,075.00. Following the completion of the transaction, the senior vice president now directly owns 57,972 shares in the company, valued at approximately $14,912,137.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Xiaotong Zhu sold 2,500 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $257.23, for a total value of $643,075.00. Following the completion of the sale, the senior vice president now owns 57,972 shares of the company’s stock, valued at approximately $14,912,137.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $250.02, for a total value of $1,000,080.00. Following the completion of the sale, the chief financial officer now directly owns 104,504 shares of the company’s stock, valued at approximately $26,128,090.08. The disclosure for this sale can be found here. In the last three months, insiders sold 43,065 shares of company stock worth $10,248,880. 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. 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.