779 Shares in Tesla, Inc. (NASDAQ:TSLA) Purchased by Dillon & Associates Inc.

Key Points

• Dillon & Associates Inc. acquired a new position in Tesla, Inc. by purchasing 779 shares valued at approximately $202,000 in the first quarter.
• Insider transactions revealed significant sales, with Director Kimbal Musk selling 91,588 shares for over $32 million, and Ira Matthew Ehrenpreis selling 477,572 shares totaling approximately $170 million.
• Tesla reported mixed quarterly earnings, with an EPS of $0.40 that missed estimates and a revenue decline of 11.8% year-over-year.

Dillon & Associates Inc. purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 779 shares of the electric vehicle producer's stock, valued at approximately $202,000.

A number of other large investors have also recently made changes to their positions in TSLA. Rinkey Investments raised its stake in Tesla by 3.5% during the fourth quarter. Rinkey Investments now owns 860 shares of the electric vehicle producer's stock worth $347,000 after purchasing an additional 29 shares during the period. True Wealth Design LLC raised its stake in Tesla by 79.5% during the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after purchasing an additional 31 shares during the period. Aldebaran Financial Inc. raised its stake in Tesla by 3.1% during the fourth quarter. Aldebaran Financial Inc. now owns 1,174 shares of the electric vehicle producer's stock worth $490,000 after purchasing an additional 35 shares during the period. Acorn Wealth Advisors LLC raised its stake in Tesla by 1.9% during the first quarter. Acorn Wealth Advisors LLC now owns 1,901 shares of the electric vehicle producer's stock worth $493,000 after purchasing an additional 36 shares during the period. Finally, Solutions 4 Wealth Ltd raised its stake in Tesla by 2.0% during the first quarter. Solutions 4 Wealth Ltd now owns 1,815 shares of the electric vehicle producer's stock worth $470,000 after purchasing an additional 36 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Kimbal Musk sold 91,588 shares of Tesla stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the sale, the director owned 1,463,220 shares in the company, valued at $522,940,195.80. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the sale, the director directly owned 855,394 shares of the company's stock, valued at $305,632,276.20. The trade was a 35.83% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 602,724 shares of company stock worth $214,176,831. Company insiders own 20.70% of the company's stock.

Tesla Price Performance

TSLA opened at $329.61 on Monday. Tesla, Inc. has a 1 year low of $194.67 and a 1 year high of $488.54. The company's 50 day simple moving average is $318.68 and its 200 day simple moving average is $306.71. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. The stock has a market capitalization of $1.06 trillion, a PE ratio of 190.53, a P/E/G ratio of 11.46 and a beta of 2.33.

Tesla (NASDAQ:TSLA - Get Free Report) last posted 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 net margin of 6.54% and a return on equity of 7.98%. The business had revenue of $22.50 billion during the quarter, compared to analysts' expectations of $23.18 billion. During the same quarter in the previous year, the business posted $0.52 EPS. The company's quarterly revenue was down 11.8% on a year-over-year basis. As a group, sell-side analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Baird R W downgraded shares of Tesla from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 9th. William Blair downgraded shares of Tesla from an "outperform" rating to a "market perform" rating in a research note on Monday, July 7th. Raymond James Financial downgraded shares of Tesla to an "outperform" rating in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. cut their target price on shares of Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 23rd. Finally, Daiwa Capital Markets reaffirmed a "neutral" rating on shares of Tesla in a research note on Sunday, July 27th. Ten analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $303.31.

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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