Rothschild Investment LLC Invests $2.09 Million in Tesla, Inc. (NASDAQ:TSLA)

Rothschild Investment LLC bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,572 shares of the electric vehicle producer’s stock, valued at approximately $2,092,000.

Other hedge funds have also modified their holdings of the company. United Capital Management of KS Inc. grew its position in Tesla by 15.7% in the 2nd quarter. United Capital Management of KS Inc. now owns 85,070 shares of the electric vehicle producer’s stock valued at $16,834,000 after buying an additional 11,556 shares during the last quarter. Sabal Trust CO acquired a new stake in Tesla in the second quarter valued at $219,000. Abacus Planning Group Inc. acquired a new position in shares of Tesla during the 2nd quarter worth $255,000. Canal Capital Management LLC acquired a new position in shares of Tesla during the 2nd quarter worth $271,000. Finally, Birch Hill Investment Advisors LLC raised its stake in shares of Tesla by 12.7% during the 2nd quarter. Birch Hill Investment Advisors LLC now owns 1,371 shares of the electric vehicle producer’s stock worth $271,000 after buying an additional 154 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Up 3.8 %

Tesla stock traded up $7.83 during midday trading on Friday, hitting $214.11. 63,370,608 shares of the company were exchanged, compared to its average volume of 97,535,023. The company’s fifty day moving average price is $222.00 and its 200-day moving average price is $192.82. The company has a market cap of $684.00 billion, a PE ratio of 54.62, a price-to-earnings-growth ratio of 5.52 and a beta of 2.31. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $278.98.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research note on Wednesday, July 24th. KGI Securities reissued a “neutral” rating and issued a $236.00 target price on shares of Tesla in a research note on Thursday, July 25th. UBS Group downgraded shares of Tesla from a “neutral” rating to a “sell” rating and boosted their target price for the company from $147.00 to $197.00 in a research note on Friday, July 12th. William Blair initiated coverage on shares of Tesla in a research note on Thursday. They issued an “outperform” rating for the company. Finally, Roth Mkm reissued a “neutral” rating and issued a $85.00 target price on shares of Tesla in a research note on Wednesday, July 24th. Nine investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $204.21.

Insider Buying and Selling at Tesla

In other Tesla 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 value of $113,236.50. Following the transaction, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Tesla 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 value of $113,236.50. Following the transaction, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 66,364 shares of the company’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 transaction, 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 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. 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.