Campbell Capital Management Inc. Has $2.69 Million Stock Position in Tesla, Inc. $TSLA

Campbell Capital Management Inc. increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 1,763.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 8,477 shares of the electric vehicle producer’s stock after purchasing an additional 8,022 shares during the period. Tesla makes up about 1.1% of Campbell Capital Management Inc.’s portfolio, making the stock its 27th biggest holding. Campbell Capital Management Inc.’s holdings in Tesla were worth $2,693,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of TSLA. Tactive Advisors LLC acquired a new stake in shares of Tesla during the second quarter valued at about $2,712,000. Geneos Wealth Management Inc. lifted its holdings in Tesla by 40.9% in the second quarter. Geneos Wealth Management Inc. now owns 35,650 shares of the electric vehicle producer’s stock valued at $11,325,000 after buying an additional 10,349 shares during the period. V2 Financial group LLC bought a new stake in shares of Tesla during the 2nd quarter valued at about $223,000. SPG Advisors LLC acquired a new stake in shares of Tesla during the 2nd quarter worth approximately $735,000. Finally, Wellington Capital Management Inc. acquired a new position in shares of Tesla during the second quarter valued at about $379,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TSLA. Baird R W raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. CICC Research raised their target price on Tesla from $360.00 to $450.00 and gave the company an “outperform” rating in a research report on Thursday, September 18th. Truist Financial increased their price objective on Tesla from $280.00 to $406.00 and gave the company a “hold” rating in a report on Thursday, October 23rd. Bank of America boosted their price target on shares of Tesla from $341.00 to $471.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Tesla from $440.00 to $470.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have given a Hold rating and nine have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $399.33.

Insider Transactions at Tesla

In other news, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $422.68, for a total value of $25,360,800.00. Following the completion of the transaction, the director owned 637,031 shares in the company, valued at $269,260,263.08. The trade was a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Vaibhav Taneja sold 2,637 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the transaction, the chief financial officer owned 13,757 shares in the company, valued at $6,107,145.01. This represents a 16.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 119,457 shares of company stock worth $52,137,945 over the last quarter. 19.90% of the stock is currently owned by insiders.

Tesla Stock Performance

Shares of Tesla stock opened at $458.96 on Friday. The firm has a market capitalization of $1.53 trillion, a P/E ratio of 305.97, a P/E/G ratio of 15.50 and a beta of 1.87. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $488.54. The business has a fifty day simple moving average of $435.52 and a two-hundred day simple moving average of $376.29.

Tesla (NASDAQ:TSLA) last released its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The firm had revenue of $28.10 billion during the quarter, compared to analyst estimates of $24.98 billion. During the same period last year, the business earned $0.72 earnings per share. The business’s revenue was up 11.6% on a year-over-year basis. On average, equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.