Angeles Investment Advisors LLC Buys 1,526 Shares of Tesla, Inc. (NASDAQ:TSLA)

Angeles Investment Advisors LLC grew its stake in Tesla, Inc. (NASDAQ:TSLA) by 105.8% during the second quarter, Holdings Channel.com reports. The fund owned 2,968 shares of the electric vehicle producer’s stock after purchasing an additional 1,526 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Tesla were worth $587,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TSLA. Vanguard Group Inc. grew its stake in Tesla by 1.7% in the first quarter. Vanguard Group Inc. now owns 233,602,120 shares of the electric vehicle producer’s stock worth $41,064,917,000 after purchasing an additional 3,795,748 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Tesla by 12.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,849,425 shares of the electric vehicle producer’s stock worth $1,731,430,000 after buying an additional 1,125,329 shares in the last quarter. Strategic Financial Concepts LLC increased its stake in shares of Tesla by 21,816.0% during the second quarter. Strategic Financial Concepts LLC now owns 5,902,416 shares of the electric vehicle producer’s stock valued at $1,167,970,000 after buying an additional 5,875,484 shares during the period. ARK Investment Management LLC raised its holdings in shares of Tesla by 2.6% in the second quarter. ARK Investment Management LLC now owns 5,314,395 shares of the electric vehicle producer’s stock valued at $1,051,613,000 after acquiring an additional 135,966 shares in the last quarter. Finally, California State Teachers Retirement System lifted its stake in Tesla by 0.9% in the first quarter. California State Teachers Retirement System now owns 4,611,096 shares of the electric vehicle producer’s stock worth $810,585,000 after acquiring an additional 41,498 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Up 0.2 %

Shares of TSLA stock opened at $230.29 on Monday. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $278.98. The stock has a market cap of $734.44 billion, a P/E ratio of 58.75, a P/E/G ratio of 6.08 and a beta of 2.29. The stock has a 50 day moving average of $223.37 and a 200 day moving average of $194.57. The company has a current ratio of 1.91, a quick ratio of 1.40 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last posted its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The firm had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. During the same period last year, the firm earned $0.78 earnings per share. Tesla’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, sell-side analysts expect that Tesla, Inc. will post 1.75 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TSLA shares. Oppenheimer reissued a “market perform” rating on shares of Tesla in a research report on Tuesday, July 9th. UBS Group downgraded shares of Tesla from a “neutral” rating to a “sell” rating and boosted their price objective for the stock from $147.00 to $197.00 in a research note on Friday, July 12th. Cantor Fitzgerald restated a “neutral” rating and set a $245.00 target price on shares of Tesla in a report on Monday, September 9th. Morgan Stanley reiterated an “overweight” rating and issued a $310.00 price target on shares of Tesla in a report on Thursday, September 5th. Finally, KGI Securities restated a “neutral” rating and set a $236.00 price objective on shares of Tesla in a research note on Thursday, July 25th. Nine analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $209.60.

Insider Buying and Selling at Tesla

In other news, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the sale, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the transaction, the senior vice president now owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 66,364 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total value of $14,597,425.44. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at $18,696,600. The disclosure for this sale can be found here. 25.10% of the stock is owned by corporate insiders.

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. 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.