Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Lifted by Commonwealth Equity Services LLC

Key Points

• Commonwealth Equity Services LLC increased its stake in Tesla by 4.3%, acquiring an additional 39,508 shares, bringing its total holdings to 967,813 shares valued at approximately $250.8 million.
• A recent report showed that insiders sold over 719,000 shares of Tesla stock, with significant transactions including SVP Xiaotong Zhu selling 15,000 shares and Director Kimbal Musk selling 91,588 shares.
• Despite a missed earnings estimate for the last quarter, analysts have mixed ratings on Tesla, with an average price target of $303.31 and varying recommendations from sell to buy ratings.

Commonwealth Equity Services LLC increased its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 4.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 967,813 shares of the electric vehicle producer's stock after buying an additional 39,508 shares during the quarter. Commonwealth Equity Services LLC's holdings in Tesla were worth $250,818,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. FMR LLC raised its stake in shares of Tesla by 40.1% in the 4th quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock valued at $13,997,660,000 after acquiring an additional 9,920,325 shares during the period. GAMMA Investing LLC raised its stake in shares of Tesla by 27,378.6% in the 1st quarter. GAMMA Investing LLC now owns 9,812,316 shares of the electric vehicle producer's stock valued at $2,542,960,000 after acquiring an additional 9,776,607 shares during the period. Northern Trust Corp raised its stake in shares of Tesla by 21.6% in the 4th quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock valued at $11,541,592,000 after acquiring an additional 5,075,418 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Tesla by 54.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 8,464,765 shares of the electric vehicle producer's stock valued at $2,193,728,000 after acquiring an additional 2,978,026 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Tesla by 65.5% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,937,475 shares of the electric vehicle producer's stock valued at $2,397,790,000 after acquiring an additional 2,350,065 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Performance

Tesla stock traded down $5.64 during midday trading on Friday, reaching $302.63. 88,785,612 shares of the stock traded hands, compared to its average volume of 96,195,928. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average price of $322.22 and a two-hundred day moving average price of $310.31. The firm has a market cap of $976.12 billion, a price-to-earnings ratio of 174.93, a PEG ratio of 10.63 and a beta of 2.33. Tesla, Inc. has a fifty-two week low of $182.00 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $23.18 billion. During the same quarter last year, the firm posted $0.52 earnings per share. The firm's quarterly revenue was down 11.8% compared to the same quarter last year. On average, equities research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,000 shares of the business's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the sale, the chief financial officer directly owned 5,924 shares in the company, valued at approximately $1,777,200. The trade was a 25.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the business's stock in a transaction dated 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 owned 855,394 shares in the company, valued at $305,632,276.20. This trade represents a 35.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 719,119 shares of company stock valued at $246,186,549 over the last quarter. Corporate insiders own 20.70% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. BNP Paribas set a $137.00 target price on shares of Tesla and gave the company an "underperform" rating in a research note on Wednesday, April 16th. Argus reaffirmed a "hold" rating on shares of Tesla in a research note on Monday, June 9th. Glj Research reaffirmed a "sell" rating on shares of Tesla in a research note on Thursday, July 24th. Bank of America lifted their price target on shares of Tesla from $305.00 to $341.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Finally, Raymond James Financial downgraded shares of Tesla to an "outperform" rating in a research note on Tuesday, April 22nd. Ten equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Tesla currently has an average rating of "Hold" and an average price target of $303.31.

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.