1,309 Shares in Tesla, Inc. $TSLA Bought by Full Sail Capital LLC

Key Points

• Full Sail Capital LLC acquired a new stake in Tesla by purchasing 1,309 shares, valued at approximately $339,000, showcasing ongoing interest from institutional investors.
• Insider sales included Xiaotong Zhu selling 15,000 shares for about $4.86 million and Kimbal Musk selling 91,588 shares for approximately $32.73 million, indicating significant profit-taking by executives.
• Analysts maintain a consensus rating of “Hold” for Tesla, with a target price of $303.31, following a quarterly earnings report where the company missed estimates on both earnings per share and revenue.

Full Sail Capital LLC acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,309 shares of the electric vehicle producer's stock, valued at approximately $339,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TSLA. True Wealth Design LLC lifted its position in shares of Tesla by 79.5% during the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 31 shares in the last quarter. Acorn Wealth Advisors LLC increased its stake in Tesla by 1.9% in the 1st quarter. Acorn Wealth Advisors LLC now owns 1,901 shares of the electric vehicle producer's stock valued at $493,000 after buying an additional 36 shares during the last quarter. Solutions 4 Wealth Ltd lifted its position in shares of Tesla by 2.0% during the 1st quarter. Solutions 4 Wealth Ltd now owns 1,815 shares of the electric vehicle producer's stock worth $470,000 after buying an additional 36 shares in the last quarter. Capital Management Associates Inc boosted its stake in shares of Tesla by 3.4% in the 1st quarter. Capital Management Associates Inc now owns 1,166 shares of the electric vehicle producer's stock worth $302,000 after buying an additional 38 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. grew its holdings in shares of Tesla by 3.8% in the first quarter. Mraz Amerine & Associates Inc. now owns 1,054 shares of the electric vehicle producer's stock valued at $278,000 after acquiring an additional 39 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Tesla news, SVP Xiaotong Zhu sold 15,000 shares of Tesla stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $323.81, for a total value of $4,857,150.00. Following the transaction, the senior vice president directly owned 67,600 shares of the company's stock, valued at $21,889,556. The trade was a 18.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kimbal Musk sold 91,588 shares of Tesla stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the completion of the transaction, the director directly owned 1,463,220 shares in the company, valued at approximately $522,940,195.80. The trade was a 5.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 599,724 shares of company stock worth $213,126,501 in the last ninety days. Corporate insiders own 20.70% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wedbush reissued an "outperform" rating and issued a $500.00 price objective on shares of Tesla in a research report on Monday, August 4th. Glj Research reiterated a "sell" rating on shares of Tesla in a research note on Thursday, July 24th. Mizuho reduced their price target on shares of Tesla from $390.00 to $375.00 and set an "outperform" rating for the company in a research report on Tuesday, July 8th. Bank of America raised their price objective on shares of Tesla from $305.00 to $341.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Finally, UBS Group set a $290.00 price objective on shares of Tesla in a research report on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, fifteen have assigned a Hold rating and nine have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $303.31.

Tesla Price Performance

TSLA opened at $340.01 on Monday. The firm has a 50-day moving average price of $321.27 and a 200-day moving average price of $302.58. Tesla, Inc. has a twelve month low of $202.59 and a twelve month high of $488.54. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1.10 trillion, a price-to-earnings ratio of 196.54, a PEG ratio of 11.82 and a beta of 2.33.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The company had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The business's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Equities analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Tesla Company 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.

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