Lombard Odier Asset Management Europe Ltd Increases Holdings in Tesla, Inc. (NASDAQ:TSLA)

Lombard Odier Asset Management Europe Ltd grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 53.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 87,711 shares of the electric vehicle producer’s stock after buying an additional 30,512 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Tesla were worth $17,356,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Integris Wealth Management LLC increased its position in shares of Tesla by 1.0% during the second quarter. Integris Wealth Management LLC now owns 4,065 shares of the electric vehicle producer’s stock valued at $804,000 after buying an additional 42 shares during the period. Echo Wealth Management LLC lifted its stake in shares of Tesla by 0.7% in the 2nd quarter. Echo Wealth Management LLC now owns 6,474 shares of the electric vehicle producer’s stock valued at $1,281,000 after purchasing an additional 44 shares during the period. WASHINGTON TRUST Co grew its stake in Tesla by 3.2% in the second quarter. WASHINGTON TRUST Co now owns 1,433 shares of the electric vehicle producer’s stock worth $284,000 after purchasing an additional 45 shares during the period. Bellevue Asset Management LLC raised its holdings in Tesla by 1.6% in the second quarter. Bellevue Asset Management LLC now owns 2,868 shares of the electric vehicle producer’s stock worth $568,000 after purchasing an additional 45 shares in the last quarter. Finally, Cypress Capital Group lifted its position in Tesla by 1.7% during the second quarter. Cypress Capital Group now owns 2,806 shares of the electric vehicle producer’s stock valued at $555,000 after buying an additional 47 shares during the period. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the company’s 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 completion of the sale, the director now owns 85,000 shares in the company, valued at $18,696,600. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the company’s 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 completion of the sale, the director now owns 85,000 shares in the company, valued at $18,696,600. The transaction was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $221.77, for a total value 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 disclosure for this sale can be found here. 25.10% of the stock is currently owned by insiders.

Tesla Trading Down 2.3 %

TSLA opened at $238.25 on Monday. 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 quick ratio of 1.40 and a current ratio of 1.91. The stock has a market cap of $759.83 billion, a price-to-earnings ratio of 60.78, a P/E/G ratio of 6.00 and a beta of 2.29. The stock’s 50 day moving average price is $221.30 and its 200-day moving average price is $196.08.

Tesla (NASDAQ:TSLA) last issued its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share 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 firm had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. Tesla’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities analysts forecast that Tesla, Inc. will post 1.75 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of Tesla from $248.00 to $230.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Oppenheimer reissued a “market perform” rating on shares of Tesla in a research report on Tuesday, July 9th. Mizuho lifted their price objective on Tesla from $180.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Stifel Nicolaus assumed coverage on Tesla in a report on Tuesday, June 25th. They set a “buy” rating and a $265.00 price target for the company. Finally, Guggenheim increased their price objective on shares of Tesla from $134.00 to $153.00 and gave the company a “sell” rating in a research report on Friday, September 13th. Nine analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Tesla presently has an average rating of “Hold” and an average target price of $209.60.

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.