Tesla, Inc. (NASDAQ:TSLA) Holdings Raised by Morse Asset Management Inc

Morse Asset Management Inc increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 138.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,969 shares of the electric vehicle producer’s stock after purchasing an additional 3,462 shares during the quarter. Morse Asset Management Inc’s holdings in Tesla were worth $1,181,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Xponance Inc. increased its position in shares of Tesla by 0.7% in the second quarter. Xponance Inc. now owns 670,755 shares of the electric vehicle producer’s stock worth $132,729,000 after acquiring an additional 4,982 shares in the last quarter. Lombard Odier Asset Management Europe Ltd boosted its stake in Tesla by 53.3% in the 2nd quarter. Lombard Odier Asset Management Europe Ltd now owns 87,711 shares of the electric vehicle producer’s stock worth $17,356,000 after purchasing an additional 30,512 shares during the period. Public Sector Pension Investment Board raised its stake in Tesla by 315.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 208,123 shares of the electric vehicle producer’s stock valued at $41,183,000 after purchasing an additional 158,006 shares during the period. Nippon Life Global Investors Americas Inc. raised its stake in Tesla by 59.1% during the 2nd quarter. Nippon Life Global Investors Americas Inc. now owns 24,280 shares of the electric vehicle producer’s stock valued at $4,805,000 after purchasing an additional 9,020 shares during the period. Finally, Commonwealth Financial Services LLC lifted its holdings in shares of Tesla by 11.2% in the second quarter. Commonwealth Financial Services LLC now owns 945 shares of the electric vehicle producer’s stock valued at $187,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Price Performance

NASDAQ:TSLA opened at $238.25 on Monday. The stock has a market cap of $759.83 billion, a P/E ratio of 60.78, a PEG ratio of 6.00 and a beta of 2.29. Tesla, Inc. has a one year low of $138.80 and a one year high of $271.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40. The company has a fifty day moving average price of $221.30 and a 200 day moving average price of $196.08.

Tesla (NASDAQ:TSLA) last announced its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $24.38 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. Analysts anticipate that Tesla, Inc. will post 1.75 earnings per share for the current year.

Insider Activity at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the sale, the senior vice president now owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the 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 directly owns 85,000 shares in the company, valued at approximately $18,696,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the transaction, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. The disclosure for this sale can be found here. 25.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TSLA. Wolfe Research initiated coverage on Tesla in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. The Goldman Sachs Group reduced their price target on shares of Tesla from $248.00 to $230.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Argus reaffirmed a “buy” rating and set a $286.00 price objective on shares of Tesla in a research report on Friday, July 26th. Wedbush reissued an “outperform” rating and set a $300.00 target price on shares of Tesla in a research note on Wednesday, July 24th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $280.00 price target on shares of Tesla in a research note on Tuesday, August 20th. Nine analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $209.60.

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.