ANTIPODES PARTNERS Ltd Makes New $57,000 Investment in Tesla, Inc. (NASDAQ:TSLA)

ANTIPODES PARTNERS Ltd purchased a new position in Tesla, Inc. (NASDAQ:TSLA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 290 shares of the electric vehicle producer’s stock, valued at approximately $57,000.

A number of other large investors have also bought and sold shares of TSLA. Bank & Trust Co bought a new stake in shares of Tesla in the 2nd quarter worth approximately $25,000. OLD Point Trust & Financial Services N A bought a new stake in shares of Tesla in the 4th quarter worth approximately $37,000. Kessler Investment Group LLC boosted its position in shares of Tesla by 35.9% during the second quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle producer’s stock valued at $38,000 after purchasing an additional 51 shares in the last quarter. Aspect Partners LLC boosted its position in shares of Tesla by 121.3% during the second quarter. Aspect Partners LLC now owns 208 shares of the electric vehicle producer’s stock valued at $41,000 after purchasing an additional 114 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Tesla during the second quarter valued at approximately $42,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Trading Up 4.9 %

Tesla stock opened at $230.17 on Friday. The firm has a 50 day moving average of $224.21 and a 200 day moving average of $193.52. The firm has a market capitalization of $735.31 billion, a price-to-earnings ratio of 58.72, a P/E/G ratio of 5.55 and a beta of 2.29. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $278.98. 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 released its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.10). The firm had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. Tesla had a return on equity of 10.41% and a net margin of 13.00%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.78 earnings per share. As a group, research analysts predict that Tesla, Inc. will post 1.79 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 66,364 shares of the 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 of the company’s stock, valued at approximately $18,696,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 25.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TSLA shares. Robert W. Baird restated an “outperform” rating and set a $280.00 price target on shares of Tesla in a research report on Tuesday, August 20th. Citigroup dropped their price target on Tesla from $274.00 to $258.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. William Blair started coverage on Tesla in a research report on Thursday, August 29th. They set an “outperform” rating on the stock. Guggenheim restated a “sell” rating and set a $134.00 price target on shares of Tesla in a research report on Tuesday, July 23rd. Finally, Wolfe Research initiated coverage on Tesla in a report on Thursday. They issued a “peer perform” rating on the stock. Nine equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $204.21.

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.