ANTIPODES PARTNERS Ltd Acquires Shares of 290 Tesla, Inc. (NASDAQ:TSLA)

ANTIPODES PARTNERS Ltd bought a new stake in Tesla, Inc. (NASDAQ:TSLA) in the second quarter, HoldingsChannel.com reports. The fund bought 290 shares of the electric vehicle producer’s stock, valued at approximately $57,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank & Trust Co purchased a new position in shares of Tesla in the second quarter valued at $25,000. OLD Point Trust & Financial Services N A purchased a new position in shares of Tesla in the fourth quarter valued at $37,000. Guardian Wealth Management Inc. purchased a new position in shares of Tesla in the fourth quarter valued at $47,000. Kessler Investment Group LLC grew its holdings in shares of 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 purchasing an additional 51 shares in the last quarter. Finally, A.P. Gilfoyle & Co. L.P. purchased a new position in shares of Tesla in the fourth quarter valued at $50,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Price Performance

Shares of TSLA stock opened at $230.17 on Friday. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $278.98. The firm has a market capitalization of $735.31 billion, a price-to-earnings ratio of 58.72, a PEG ratio of 5.55 and a beta of 2.29. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91. The stock’s 50-day simple moving average is $224.21 and its 200-day simple moving average is $193.52.

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

Insider Buying and Selling

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 transaction of $14,597,425.44. Following the completion of the sale, the director now owns 85,000 shares of the company’s stock, valued at $18,696,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 25.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Robert W. Baird restated an “outperform” rating and issued a $280.00 price target on shares of Tesla in a research report on Tuesday, August 20th. Royal Bank of Canada lowered their price target on Tesla from $227.00 to $224.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Morgan Stanley restated an “overweight” rating and issued a $310.00 price target on shares of Tesla in a research report on Thursday. Barclays lowered their price target on Tesla from $225.00 to $220.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Finally, Oppenheimer restated a “market perform” rating on shares of Tesla in a research report on Tuesday, July 9th. Nine equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company 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.