Tesla, Inc. (NASDAQ:TSLA) Shares Bought by EFG Asset Management Americas Corp.

EFG Asset Management Americas Corp. increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 36.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,243 shares of the electric vehicle producer’s stock after buying an additional 7,319 shares during the quarter. EFG Asset Management Americas Corp.’s holdings in Tesla were worth $5,391,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank & Trust Co acquired a new position in shares of Tesla during the second quarter worth $25,000. OLD Point Trust & Financial Services N A acquired a new position in Tesla in the 4th quarter worth $37,000. Kessler Investment Group LLC boosted its position in Tesla by 35.9% in the 2nd 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 last quarter. Aspect Partners LLC grew its stake in shares of Tesla by 121.3% during the second quarter. Aspect Partners LLC now owns 208 shares of the electric vehicle producer’s stock valued at $41,000 after acquiring an additional 114 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Tesla during the second quarter worth about $42,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Roth Mkm reissued a “neutral” rating and issued a $85.00 price target on shares of Tesla in a report on Wednesday, July 24th. Argus reissued a “buy” rating and set a $286.00 price target on shares of Tesla in a research report on Friday, July 26th. Royal Bank of Canada reduced their price objective on shares of Tesla from $227.00 to $224.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. New Street Research lowered shares of Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price objective for the company. in a report on Wednesday, July 24th. Finally, KGI Securities restated a “neutral” rating and issued a $236.00 target price on shares of Tesla in a research note on Thursday, July 25th. Nine investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $204.21.

Tesla Price Performance

Shares of NASDAQ:TSLA traded down $19.44 during trading on Friday, reaching $210.73. The company had a trading volume of 111,432,758 shares, compared to its average volume of 68,186,248. The firm’s fifty day moving average is $224.47 and its 200 day moving average is $193.60. 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 firm has a market capitalization of $673.21 billion, a PE ratio of 53.76, a price-to-earnings-growth ratio of 5.80 and a beta of 2.29. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $278.98.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS 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 firm had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. During the same period in the prior year, the firm posted $0.78 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities analysts forecast that Tesla, Inc. will post 1.75 EPS for the current year.

Insider Activity at Tesla

In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction 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 transaction, 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 through this link. Company insiders own 25.10% of the company’s stock.

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.