Sivia Capital Partners LLC Takes $2.40 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Sivia Capital Partners LLC acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,665 shares of the electric vehicle producer's stock, valued at approximately $2,402,000. Tesla makes up 1.3% of Sivia Capital Partners LLC's investment portfolio, making the stock its 15th biggest position.

Several other large investors also recently modified their holdings of TSLA. Envestnet Portfolio Solutions Inc. bought a new stake in Tesla during the 3rd quarter worth approximately $14,050,000. WINTON GROUP Ltd increased its stake in shares of Tesla by 58.0% in the third quarter. WINTON GROUP Ltd now owns 4,152 shares of the electric vehicle producer's stock valued at $1,039,000 after buying an additional 1,524 shares in the last quarter. Plan Group Financial LLC bought a new position in shares of Tesla in the third quarter valued at about $225,000. Sargent Investment Group LLC lifted its position in Tesla by 22.3% during the 3rd quarter. Sargent Investment Group LLC now owns 3,044 shares of the electric vehicle producer's stock worth $762,000 after buying an additional 555 shares in the last quarter. Finally, Qtron Investments LLC grew its holdings in Tesla by 12.6% during the 3rd quarter. Qtron Investments LLC now owns 28,400 shares of the electric vehicle producer's stock worth $7,106,000 after acquiring an additional 3,189 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Down 1.4 %

Shares of TSLA traded down $2.58 during midday trading on Tuesday, hitting $184.86. The stock had a trading volume of 68,865,334 shares, compared to its average volume of 96,686,750. The firm has a market cap of $589.56 billion, a price-to-earnings ratio of 47.16, a price-to-earnings-growth ratio of 4.41 and a beta of 2.32. The company has a 50 day simple moving average of $173.35 and a two-hundred day simple moving average of $194.23. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.35. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The business had revenue of $21.30 billion for the quarter, compared to analyst estimates of $22.15 billion. On average, analysts anticipate that Tesla, Inc. will post 1.87 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Bank of America upgraded shares of Tesla from a "neutral" rating to a "buy" rating and set a $220.00 target price on the stock in a research report on Wednesday, April 24th. Morgan Stanley reiterated an "overweight" rating and issued a $310.00 price objective on shares of Tesla in a research report on Wednesday, June 12th. Guggenheim restated a "sell" rating and set a $122.00 target price on shares of Tesla in a research report on Tuesday, April 23rd. Roth Mkm reiterated a "neutral" rating and issued a $85.00 price target on shares of Tesla in a report on Wednesday, April 24th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $230.00 target price on shares of Tesla in a research report on Wednesday, June 12th. Eight research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $185.90.

Insider Transactions at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total value of $113,236.50. Following the sale, the senior vice president now directly owns 65,155 shares in the company, valued at approximately $11,350,652.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the business'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 transaction of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares of the company's stock, valued at approximately $11,350,652.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of the sale, the director now directly owns 15,000 shares of the company's stock, valued at approximately $2,772,900. The disclosure for this sale can be found here. Insiders have sold a total of 104,855 shares of company stock valued at $19,285,643 over the last 90 days. 20.90% of the stock is owned by corporate insiders.

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.