Caprock Group LLC boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 10.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,122 shares of the electric vehicle producer’s stock after acquiring an additional 2,936 shares during the quarter. Caprock Group LLC’s holdings in Tesla were worth $6,356,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of TSLA. Bank & Trust Co bought a new position in Tesla in the 2nd quarter worth approximately $25,000. OLD Point Trust & Financial Services N A bought a new stake in shares of Tesla during the fourth quarter worth $37,000. Guardian Wealth Management Inc. acquired a new position in shares of Tesla during the fourth quarter valued at $47,000. Kessler Investment Group LLC boosted its holdings in Tesla by 35.9% in the second quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle producer’s stock valued at $38,000 after acquiring an additional 51 shares during the last quarter. Finally, A.P. Gilfoyle & Co. L.P. acquired a new stake in Tesla in the fourth quarter worth about $50,000. 66.20% of the stock is owned by institutional investors.
Insider Transactions at Tesla
In other news, Director Robyn M. Denholm sold 66,364 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the transaction, the director now owns 85,000 shares in the company, valued at $18,696,600. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 25.10% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on TSLA
Tesla Stock Performance
Shares of TSLA opened at $210.73 on Friday. The firm has a fifty day simple moving average of $224.47 and a 200 day simple moving average of $193.60. 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, Inc. has a 12 month low of $138.80 and a 12 month high of $278.98. The stock has a market capitalization of $673.21 billion, a price-to-earnings ratio of 53.76, a PEG ratio of 5.80 and a beta of 2.29.
Tesla (NASDAQ:TSLA – Get Free Report) 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). The company had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. Tesla had a return on equity of 10.41% and a net margin of 13.00%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS. Research analysts forecast that Tesla, Inc. will post 1.75 EPS for the current fiscal year.
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.
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