Round Table Services LLC Acquires New Position in Tesla Inc (NASDAQ:TSLA)

Round Table Services LLC purchased a new stake in Tesla Inc (NASDAQ:TSLA) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 840 shares of the electric vehicle producer’s stock, valued at approximately $235,000.

Other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new position in Tesla in the 4th quarter worth approximately $470,949,000. Jennison Associates LLC lifted its stake in Tesla by 10.5% in the 4th quarter. Jennison Associates LLC now owns 5,322,358 shares of the electric vehicle producer’s stock worth $1,771,281,000 after purchasing an additional 505,076 shares in the last quarter. Rehmann Capital Advisory Group lifted its stake in Tesla by 24,503.9% in the 3rd quarter. Rehmann Capital Advisory Group now owns 349,622 shares of the electric vehicle producer’s stock worth $40,684,000 after purchasing an additional 348,201 shares in the last quarter. Optimus Prime Fund Management Co. Ltd. purchased a new position in Tesla in the 4th quarter worth approximately $79,472,000. Finally, Lord Abbett & CO. LLC purchased a new position in Tesla in the 4th quarter worth approximately $38,582,000. 59.58% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Jeffrey B. Straubel sold 15,000 shares of the business’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $316.95, for a total value of $4,754,250.00. Following the completion of the sale, the insider now directly owns 321,398 shares of the company’s stock, valued at $101,867,096.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Antonio J. Gracias sold 16,780 shares of the business’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $306.01, for a total transaction of $5,134,847.80. Following the completion of the sale, the director now directly owns 19,572 shares of the company’s stock, valued at $5,989,227.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 97,040 shares of company stock valued at $27,451,754. Corporate insiders own 22.80% of the company’s stock.

A number of research analysts have weighed in on the stock. TheStreet lowered shares of Tesla from a “c-” rating to a “d+” rating in a research note on Monday, April 29th. Zacks Investment Research lowered shares of Tesla from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 2nd. BidaskClub lowered shares of Tesla from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th. ValuEngine lowered shares of Tesla from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Finally, Royal Bank of Canada restated a “sell” rating and set a $210.00 price target on shares of Tesla in a report on Thursday, April 4th. Seventeen investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. Tesla currently has an average rating of “Hold” and an average target price of $305.24.

Shares of TSLA stock opened at $255.03 on Friday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.83 and a quick ratio of 0.52. Tesla Inc has a 52 week low of $231.13 and a 52 week high of $387.46. The company has a market capitalization of $44.30 billion, a price-to-earnings ratio of -44.59 and a beta of 0.27.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, April 24th. The electric vehicle producer reported ($4.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.51) by ($1.59). The business had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $5.18 billion. Tesla had a negative net margin of 4.29% and a negative return on equity of 18.23%. The business’s quarterly revenue was up 33.2% on a year-over-year basis. During the same period in the prior year, the business earned ($3.35) EPS. As a group, equities analysts forecast that Tesla Inc will post -3.99 EPS for the current fiscal year.

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Tesla Company Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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