Tesla, Inc. (NASDAQ:TSLA) is Plato Investment Management Ltd’s 10th Largest Position

Plato Investment Management Ltd raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,129 shares of the electric vehicle producer’s stock after acquiring an additional 1,952 shares during the quarter. Tesla makes up 1.1% of Plato Investment Management Ltd’s investment portfolio, making the stock its 10th largest holding. Plato Investment Management Ltd’s holdings in Tesla were worth $11,503,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TSLA. Nia Impact Advisors LLC boosted its position in Tesla by 2.3% during the second quarter. Nia Impact Advisors LLC now owns 5,616 shares of the electric vehicle producer’s stock valued at $1,111,000 after purchasing an additional 127 shares during the last quarter. Pinion Investment Advisors LLC raised its stake in shares of Tesla by 3.1% during the 2nd quarter. Pinion Investment Advisors LLC now owns 10,499 shares of the electric vehicle producer’s stock worth $2,078,000 after purchasing an additional 312 shares in the last quarter. Diversify Wealth Management LLC bought a new stake in shares of Tesla in the 2nd quarter valued at approximately $4,717,000. Seven Mile Advisory increased its holdings in Tesla by 23.6% in the second quarter. Seven Mile Advisory now owns 2,557 shares of the electric vehicle producer’s stock worth $506,000 after buying an additional 489 shares during the last quarter. Finally, Williams Financial LLC bought a new position in Tesla during the second quarter valued at approximately $2,867,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Trading Up 0.2 %

Shares of Tesla stock opened at $230.29 on Friday. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $278.98. The stock has a market capitalization of $735.69 billion, a P/E ratio of 58.75, a price-to-earnings-growth ratio of 6.08 and a beta of 2.29. The company has a 50-day simple moving average of $223.37 and a 200 day simple moving average of $194.63. The company has a quick ratio of 1.40, a current ratio of 1.91 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The firm had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. Research analysts expect that Tesla, Inc. will post 1.75 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In related news, Director Robyn M. Denholm sold 66,364 shares of Tesla stock in a transaction dated 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 completion of the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at $18,696,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction on 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 sale, the senior vice president now directly 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 can be accessed through this link. Also, Director Robyn M. Denholm sold 66,364 shares of the company’s 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 transaction, the director now directly owns 85,000 shares in the company, valued at approximately $18,696,600. The disclosure for this sale can be found here. Company insiders own 25.10% of the company’s stock.

Wall Street Analyst Weigh In

TSLA has been the topic of several analyst reports. Citigroup dropped their price target on shares of Tesla from $274.00 to $258.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Roth Mkm reiterated a “neutral” rating and set a $85.00 price target on shares of Tesla in a research note on Wednesday, July 24th. Argus reissued a “buy” rating and issued a $286.00 price objective on shares of Tesla in a research note on Friday, July 26th. New Street Research downgraded Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price target on the stock. in a report on Wednesday, July 24th. Finally, Barclays reduced their price objective on shares of Tesla from $225.00 to $220.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. Nine analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $209.60.

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.