1,728 Shares in Tesla, Inc. $TSLA Acquired by Anderson Financial Strategies LLC

Key Points

• Anderson Financial Strategies LLC has recently acquired 1,728 shares of Tesla, valued at approximately $448,000.
• Insider transactions include Director James R. Murdoch selling 120,000 shares worth $42 million, representing a 14.69% decrease in his position.
• Recent earnings reports indicate a net margin decline for Tesla, with revenue down 11.8% year-over-year, amidst analysts providing mixed ratings on the stock's outlook.

Anderson Financial Strategies LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,728 shares of the electric vehicle producer's stock, valued at approximately $448,000.

Other hedge funds have also recently made changes to their positions in the company. Cherry Tree Wealth Management LLC lifted its holdings in Tesla by 86.3% during the 1st quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock worth $25,000 after buying an additional 44 shares in the last quarter. First PREMIER Bank lifted its holdings in Tesla by 79.2% during the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock worth $25,000 after buying an additional 42 shares in the last quarter. Pacific Center for Financial Services lifted its holdings in Tesla by 1,616.7% during the 4th quarter. Pacific Center for Financial Services now owns 103 shares of the electric vehicle producer's stock worth $42,000 after buying an additional 97 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Tesla during the 1st quarter worth approximately $27,000. Finally, Newton One Investments LLC lifted its holdings in Tesla by 250.0% during the 1st quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock worth $27,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Buying and Selling at Tesla

In other Tesla news, Director James R. Murdoch sold 120,000 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the transaction, the director directly owned 697,031 shares of the company's stock, valued at approximately $244,162,988.99. This trade represents a 14.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $292.89, for a total transaction of $1,171,560.00. Following the transaction, the chief financial officer directly owned 5,924 shares in the company, valued at $1,735,080.36. The trade was a 40.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,606 shares of company stock worth $44,724,662 over the last three months. 20.70% of the stock is currently owned by insiders.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $347.79 on Thursday. The company's fifty day moving average price is $326.14 and its 200 day moving average price is $302.57. Tesla, Inc. has a 12 month low of $212.11 and a 12 month high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. The firm has a market capitalization of $1.12 trillion, a P/E ratio of 201.03, a P/E/G ratio of 12.10 and a beta of 2.06.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on TSLA shares. Benchmark reiterated a "buy" rating and set a $475.00 target price (up from $350.00) on shares of Tesla in a report on Thursday, June 26th. Daiwa Capital Markets restated a "neutral" rating on shares of Tesla in a report on Sunday, July 27th. Wedbush restated an "outperform" rating and issued a $500.00 price objective on shares of Tesla in a report on Monday, August 4th. Needham & Company LLC restated a "hold" rating on shares of Tesla in a report on Thursday, July 24th. Finally, Morgan Stanley restated an "overweight" rating and issued a $410.00 price objective on shares of Tesla in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, fourteen have given a Hold rating and nine have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $303.00.

About Tesla

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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