Ranch Capital Advisors Inc. Increases Stake in Tesla, Inc. (NASDAQ:TSLA)

Ranch Capital Advisors Inc. raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,823 shares of the electric vehicle producer’s stock after purchasing an additional 152 shares during the quarter. Tesla makes up approximately 1.0% of Ranch Capital Advisors Inc.’s portfolio, making the stock its 28th largest holding. Ranch Capital Advisors Inc.’s holdings in Tesla were worth $1,944,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DDFG Inc grew its position in shares of Tesla by 7.1% in the fourth quarter. DDFG Inc now owns 1,065 shares of the electric vehicle producer’s stock valued at $265,000 after purchasing an additional 71 shares in the last quarter. Vantage Financial Partners LLC grew its holdings in Tesla by 6.4% during the 4th quarter. Vantage Financial Partners LLC now owns 5,763 shares of the electric vehicle producer’s stock valued at $1,432,000 after buying an additional 346 shares in the last quarter. Gilbert & Cook Inc. increased its position in shares of Tesla by 8.7% during the fourth quarter. Gilbert & Cook Inc. now owns 13,511 shares of the electric vehicle producer’s stock valued at $3,357,000 after buying an additional 1,086 shares during the period. 9258 Wealth Management LLC lifted its holdings in shares of Tesla by 1.1% in the fourth quarter. 9258 Wealth Management LLC now owns 6,165 shares of the electric vehicle producer’s stock worth $1,532,000 after buying an additional 69 shares in the last quarter. Finally, Rollins Financial boosted its position in shares of Tesla by 10.2% in the fourth quarter. Rollins Financial now owns 120,416 shares of the electric vehicle producer’s stock valued at $29,921,000 after acquiring an additional 11,191 shares during the period. Institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

Shares of Tesla stock opened at $243.92 on Friday. The company has a market cap of $777.91 billion, a PE ratio of 62.22, a P/E/G ratio of 6.00 and a beta of 2.29. The business has a 50 day moving average of $221.50 and a 200 day moving average of $195.49. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $273.93. The company has a quick ratio of 1.40, a current ratio of 1.91 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 for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The company had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. During the same period in the previous year, the firm posted $0.78 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities research analysts forecast that Tesla, Inc. will post 1.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TSLA shares. Wolfe Research assumed coverage on shares of Tesla in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Wells Fargo & Company reiterated an “underweight” rating and issued a $120.00 price objective on shares of Tesla in a research report on Monday, July 1st. Mizuho upped their target price on Tesla from $180.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research report on Wednesday, July 24th. Finally, Oppenheimer restated a “market perform” rating on shares of Tesla in a research report on Tuesday, July 9th. Nine equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $209.60.

Insider Transactions at Tesla

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 completion of the transaction, the director now owns 85,000 shares in the company, valued at $18,696,600. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $219.96, for a total value of $14,597,425.44. Following the sale, the director now owns 85,000 shares in the company, valued at $18,696,600. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the transaction, the senior vice president now owns 67,491 shares of the company’s stock, valued at $14,967,479.07. The disclosure for this sale can be found here. Corporate insiders own 25.10% of the company’s stock.

Tesla 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.