Hantz Financial Services Inc. Takes $1.48 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Hantz Financial Services Inc. acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,487 shares of the electric vehicle producer’s stock, valued at approximately $1,482,000.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Tesla by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 233,602,120 shares of the electric vehicle producer’s stock valued at $41,064,917,000 after purchasing an additional 3,795,748 shares in the last quarter. Norges Bank bought a new position in shares of Tesla during the 4th quarter valued at about $7,844,757,000. Charles Schwab Investment Management Inc. boosted its position in shares of Tesla by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,155,878 shares of the electric vehicle producer’s stock valued at $3,765,933,000 after purchasing an additional 458,804 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Tesla by 12.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,849,425 shares of the electric vehicle producer’s stock valued at $1,731,430,000 after purchasing an additional 1,125,329 shares in the last quarter. Finally, ARK Investment Management LLC boosted its holdings in shares of Tesla by 2.6% in the second quarter. ARK Investment Management LLC now owns 5,314,395 shares of the electric vehicle producer’s stock worth $1,051,613,000 after buying an additional 135,966 shares during the period. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

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 transaction of $113,236.50. Following the sale, the senior vice president now owns 65,155 shares in the company, valued at $11,350,652.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $113,236.50. Following the sale, the senior vice president now owns 65,155 shares in the company, valued at $11,350,652.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robyn M. Denholm sold 66,364 shares of Tesla stock in a transaction 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 sale, the director now owns 85,000 shares in the company, valued at approximately $18,696,600. The disclosure for this sale can be found here. 25.10% of the stock is currently owned by insiders.

Tesla Trading Up 3.8 %

Shares of TSLA stock opened at $214.11 on Friday. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $278.98. The firm’s fifty day simple moving average is $222.00 and its 200 day simple moving average is $192.82. The firm has a market capitalization of $684.00 billion, a P/E ratio of 54.62, a price-to-earnings-growth ratio of 5.55 and a beta of 2.31. 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 (NASDAQ:TSLA) last announced 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). Tesla had a return on equity of 10.41% and a net margin of 13.00%. The company had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. During the same period last year, the firm posted $0.78 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts predict that Tesla, Inc. will post 1.79 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on TSLA. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a report on Tuesday, July 9th. William Blair began coverage on shares of Tesla in a report on Thursday. They issued an “outperform” rating for the company. Mizuho raised their target price on shares of Tesla from $180.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. KGI Securities reiterated a “neutral” rating and issued a $236.00 target price on shares of Tesla in a report on Thursday, July 25th. Finally, Guggenheim restated a “sell” rating and set a $134.00 price target on shares of Tesla in a report on Tuesday, July 23rd. Nine research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $204.21.

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.