Brown Shipley& Co Ltd decreased its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,375 shares of the electric vehicle producer's stock after selling 651 shares during the period. Tesla makes up about 2.9% of Brown Shipley& Co Ltd's holdings, making the stock its 11th biggest holding. Brown Shipley& Co Ltd's holdings in Tesla were worth $5,202,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Means Investment CO. Inc. boosted its position in Tesla by 37.7% during the 1st quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer's stock valued at $5,984,000 after buying an additional 6,323 shares during the period. Focus Financial Network Inc. boosted its position in Tesla by 3.1% during the 1st quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer's stock valued at $5,823,000 after buying an additional 670 shares during the period. Siren L.L.C. purchased a new stake in Tesla during the 1st quarter valued at $2,332,000. Zuckerman Investment Group LLC lifted its position in shares of Tesla by 6.9% in the 1st quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer's stock worth $3,304,000 after purchasing an additional 826 shares during the period. Finally, Keystone Global Partners LLC purchased a new stake in shares of Tesla in the 1st quarter worth about $594,000. Hedge funds and other institutional investors own 66.20% of the company's stock.
Tesla Stock Up 3.3%
NASDAQ:TSLA opened at $459.46 on Thursday. The firm has a market cap of $1.53 trillion, a P/E ratio of 265.58, a P/E/G ratio of 15.46 and a beta of 2.08. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. Tesla, Inc. has a fifty-two week low of $212.11 and a fifty-two week high of $488.54. The firm has a 50-day simple moving average of $359.13 and a two-hundred day simple moving average of $318.62.
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 for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The firm 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 firm's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 earnings per share. Analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on TSLA shares. Glj Research reaffirmed a "sell" rating on shares of Tesla in a research report on Thursday, July 24th. Argus reaffirmed a "hold" rating on shares of Tesla in a research report on Monday, June 9th. Guggenheim reaffirmed a "sell" rating and issued a $175.00 target price on shares of Tesla in a research report on Wednesday, July 23rd. China Renaissance reaffirmed a "hold" rating and issued a $349.00 target price on shares of Tesla in a research report on Friday, July 25th. Finally, UBS Group reaffirmed a "sell" rating on shares of Tesla in a research report on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twelve have issued a Hold rating and nine have issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $337.15.
Read Our Latest Report on Tesla
Insider Buying and Selling at Tesla
In other Tesla news, SVP Xiaotong Zhu sold 20,000 shares of the firm's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the sale, the senior vice president directly owned 47,600 shares in the company, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the firm's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the sale, the director directly owned 637,031 shares in the company, valued at approximately $269,260,263.08. The trade was a 8.61% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 208,606 shares of company stock worth $77,360,462. 19.90% of the stock is owned by corporate insiders.
Tesla Company Profile
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Tesla, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tesla wasn't on the list.
While Tesla currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
