Kintegral Advisory LLC Raises Holdings in Tesla, Inc. (NASDAQ:TSLA)

Kintegral Advisory LLC lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 13.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,366 shares of the electric vehicle producer’s stock after acquiring an additional 9,819 shares during the quarter. Tesla makes up 1.6% of Kintegral Advisory LLC’s portfolio, making the stock its 5th biggest position. Kintegral Advisory LLC’s holdings in Tesla were worth $16,496,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank & Trust Co bought a new position in shares of Tesla in the 2nd quarter worth approximately $25,000. OLD Point Trust & Financial Services N A bought a new position in Tesla in the fourth quarter worth $37,000. Kessler Investment Group LLC lifted its position in 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 buying an additional 51 shares during the period. Aspect Partners LLC boosted its holdings in shares of Tesla by 121.3% during the 2nd quarter. Aspect Partners LLC now owns 208 shares of the electric vehicle producer’s stock valued at $41,000 after buying an additional 114 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Tesla in the 2nd quarter worth about $42,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

NASDAQ:TSLA traded down $3.46 during mid-day trading on Wednesday, hitting $205.75. 63,861,623 shares of the company traded hands, compared to its average volume of 97,951,180. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. The stock’s fifty day moving average price is $220.46 and its 200-day moving average price is $192.45. The firm has a market cap of $656.18 billion, a price-to-earnings ratio of 52.49, a price-to-earnings-growth ratio of 5.46 and a beta of 2.31. Tesla, Inc. has a one year low of $138.80 and a one year high of $278.98.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The company had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. During the same quarter last year, the firm posted $0.78 earnings per share. The company’s revenue was up 2.3% compared to the same quarter last year. Research analysts anticipate that Tesla, Inc. will post 1.79 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of Tesla stock in a transaction 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 sale, the director now directly owns 85,000 shares in the company, valued at approximately $18,696,600. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Xiaotong Zhu sold 650 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robyn M. Denholm sold 66,364 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total value of $14,597,425.44. Following the sale, the director now directly owns 85,000 shares of the company’s stock, valued at $18,696,600. The disclosure for this sale can be found here. 25.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $245.00 price objective on shares of Tesla in a report on Friday, August 16th. Morgan Stanley reaffirmed an “overweight” rating and set a $310.00 price objective on shares of Tesla in a research report on Monday, July 29th. Royal Bank of Canada dropped their target price on Tesla from $227.00 to $224.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Wedbush restated an “outperform” rating and set a $300.00 price target on shares of Tesla in a report on Wednesday, July 24th. Finally, China Renaissance upgraded shares of Tesla from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research note on Friday, July 5th. Nine investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $204.21.

Tesla Company 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.