Cyr Financial Inc. Has $1.01 Million Stock Position in Tesla, Inc. $TSLA

Key Points

• Cyr Financial Inc. has increased its stake in Tesla, Inc. by 67.3%, now holding a total of 3,166 shares worth approximately $1.01 million.
• Several institutional investors, including Brighton Jones LLC and Bison Wealth LLC, have also significantly increased their positions in Tesla, indicating strong institutional interest.
• Analysts have mixed ratings for Tesla, with a consensus rating of "Hold" and a target price of $337.15, reflecting varying outlooks on the company's future performance.

Cyr Financial Inc. increased its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 67.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,166 shares of the electric vehicle producer's stock after acquiring an additional 1,274 shares during the quarter. Tesla comprises 0.8% of Cyr Financial Inc.'s holdings, making the stock its 26th largest holding. Cyr Financial Inc.'s holdings in Tesla were worth $1,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in Tesla by 11.8% in the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock valued at $35,509,000 after buying an additional 9,293 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of Tesla by 21.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock valued at $2,147,000 after acquiring an additional 931 shares in the last quarter. Bison Wealth LLC increased its holdings in shares of Tesla by 52.2% during the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer's stock valued at $4,187,000 after acquiring an additional 3,558 shares in the last quarter. NBC Securities Inc. increased its holdings in shares of Tesla by 114,775.0% during the first quarter. NBC Securities Inc. now owns 4,595 shares of the electric vehicle producer's stock valued at $1,190,000 after acquiring an additional 4,591 shares in the last quarter. Finally, Merit Financial Group LLC increased its holdings in shares of Tesla by 10.6% during the first quarter. Merit Financial Group LLC now owns 58,938 shares of the electric vehicle producer's stock valued at $15,274,000 after acquiring an additional 5,627 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Benchmark restated a "buy" rating and set a $475.00 price objective (up previously from $350.00) on shares of Tesla in a report on Thursday, June 26th. Bank of America boosted their price objective on Tesla from $305.00 to $341.00 and gave the company a "neutral" rating in a report on Monday, July 21st. The Goldman Sachs Group upped their price target on Tesla from $300.00 to $395.00 and gave the stock a "neutral" rating in a report on Thursday, September 18th. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a report on Thursday, July 24th. Finally, Baird R W upgraded Tesla from a "hold" rating to a "strong-buy" rating in a report on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twelve have given a Hold rating and nine have given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $337.15.

Tesla Stock Up 0.3%

Shares of NASDAQ:TSLA opened at $444.72 on Wednesday. The company has a market capitalization of $1.48 trillion, a PE ratio of 257.06, a price-to-earnings-growth ratio of 15.46 and a beta of 2.06. 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 business has a fifty day moving average price of $356.59 and a two-hundred day moving average price of $317.64. Tesla, Inc. has a 1 year low of $212.11 and a 1 year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced 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 business had revenue of $22.50 billion during 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 last year, the company earned $0.52 EPS. Analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 20,000 shares of the company's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of the transaction, the senior vice president owned 47,600 shares in the company, valued at $17,314,500. This represents a 29.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $292.89, for a total value 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. This represents a 40.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 208,606 shares of company stock worth $77,360,462 in the last quarter. 19.90% of the stock is currently owned by company insiders.

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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