Vicus Capital Invests $228,000 in Tesla Inc. (TSLA)

Vicus Capital acquired a new position in shares of Tesla Inc. (NASDAQ:TSLA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 630 shares of the electric vehicle producer’s stock, valued at approximately $228,000.

Several other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in Tesla by 26.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 96,896 shares of the electric vehicle producer’s stock worth $20,707,000 after buying an additional 20,082 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in Tesla by 9.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 290,524 shares of the electric vehicle producer’s stock worth $62,082,000 after buying an additional 25,012 shares in the last quarter. Perigon Wealth Management LLC raised its position in Tesla by 4.5% in the fourth quarter. Perigon Wealth Management LLC now owns 7,951 shares of the electric vehicle producer’s stock worth $2,000,000 after buying an additional 341 shares in the last quarter. HighPoint Advisor Group LLC raised its position in Tesla by 8.9% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,558 shares of the electric vehicle producer’s stock worth $390,000 after buying an additional 127 shares in the last quarter. Finally, Garde Capital Inc. raised its position in Tesla by 78.4% in the fourth quarter. Garde Capital Inc. now owns 2,328 shares of the electric vehicle producer’s stock worth $497,000 after buying an additional 1,023 shares in the last quarter. 63.75% of the stock is owned by institutional investors and hedge funds.

Shares of Tesla Inc. (NASDAQ:TSLA) traded down 0.46% on Friday, reaching $328.40. The company had a trading volume of 4,901,606 shares. The firm’s market capitalization is $53.94 billion. Tesla Inc. has a 52-week low of $178.19 and a 52-week high of $386.99. The company’s 50-day moving average price is $350.76 and its 200-day moving average price is $295.40.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, May 3rd. The electric vehicle producer reported ($1.97) EPS for the quarter, missing analysts’ consensus estimates of ($0.67) by $1.30. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.56 billion. Tesla had a negative net margin of 8.46% and a negative return on equity of 17.13%. On average, analysts predict that Tesla Inc. will post ($5.76) earnings per share for the current year.

TSLA has been the subject of a number of analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $305.00 price objective on shares of Tesla in a research report on Saturday, March 25th. Vetr downgraded shares of Tesla from a “sell” rating to a “strong sell” rating and set a $231.01 target price for the company. in a report on Monday, March 27th. Goldman Sachs Group, Inc. (The) restated a “sell” rating and issued a $187.00 target price on shares of Tesla in a report on Tuesday, March 28th. Robert W. Baird restated an “outperform” rating and issued a $368.00 target price (up from $292.00) on shares of Tesla in a report on Tuesday, March 28th. Finally, Cowen and Company restated an “underperform” rating and issued a $155.00 target price on shares of Tesla in a report on Wednesday, March 29th. Seven investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $296.39.

In other news, Director Kimbal Musk sold 4,690 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $367.68, for a total transaction of $1,724,419.20. Following the sale, the director now directly owns 166,164 shares of the company’s stock, valued at approximately $61,095,179.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey B. Straubel sold 109,100 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $307.81, for a total value of $33,582,071.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 242,290 shares of company stock worth $74,919,505. 23.10% of the stock is currently owned by insiders.

About Tesla

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.