Tesla, Inc. $TSLA Shares Bought by Dynamic Advisor Solutions LLC

Key Points

• Dynamic Advisor Solutions LLC increased its stake in Tesla, Inc. by 1.1%, owning a total of 88,427 shares valued at approximately $28.09 million.
• Institutional investors now own 66.20% of Tesla's stock, with several firms like Acorn Wealth Advisors LLC and Graney & King LLC also increasing their holdings.
• Tesla's earnings report revealed an EPS of $0.40, missing expectations, with revenue down 11.8% year-over-year, totaling approximately $22.50 billion.

Dynamic Advisor Solutions LLC boosted its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,427 shares of the electric vehicle producer's stock after purchasing an additional 980 shares during the quarter. Tesla comprises approximately 0.9% of Dynamic Advisor Solutions LLC's holdings, making the stock its 20th largest holding. Dynamic Advisor Solutions LLC's holdings in Tesla were worth $28,090,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Tesla by 11.8% during the 4th 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 in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock valued at $2,147,000 after buying an additional 931 shares in the last quarter. Mascagni Wealth Management Inc. purchased a new stake in shares of Tesla during the 4th quarter valued at about $346,000. Highview Capital Management LLC DE purchased a new stake in shares of Tesla during the 4th quarter valued at about $2,367,000. Finally, Bison Wealth LLC raised its position in shares of Tesla by 52.2% during the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer's stock valued at $4,187,000 after buying an additional 3,558 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Stock Performance

Tesla stock traded up $9.22 during trading hours on Friday, reaching $426.07. 92,721,496 shares of the stock were exchanged, compared to its average volume of 86,324,392. The stock has a market cap of $1.42 trillion, a P/E ratio of 246.28, a P/E/G ratio of 14.86 and a beta of 2.06. 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 52-week low of $212.11 and a 52-week high of $488.54. The firm's 50 day moving average is $340.68 and its 200 day moving average is $308.35.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $22.50 billion for the quarter, compared to analysts' expectations of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%.The firm's quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS. Analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Transactions at Tesla

In other news, SVP Xiaotong Zhu sold 20,000 shares of the company's stock in a transaction on 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 transaction, the senior vice president directly owned 47,600 shares of the company's stock, valued at $17,314,500. This represents a 29.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James R. Murdoch sold 120,000 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was 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 in the company, valued at approximately $244,162,988.99. This trade represents a 14.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 208,606 shares of company stock valued at $77,360,462 in the last ninety days. 20.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TSLA shares. Wedbush reiterated an "outperform" rating and set a $500.00 price target on shares of Tesla in a report on Monday, September 15th. Glj Research reiterated a "sell" rating on shares of Tesla in a research note on Thursday, July 24th. Benchmark reissued a "buy" rating and set a $475.00 target price (up previously from $350.00) on shares of Tesla in a research report on Thursday, June 26th. Canaccord Genuity Group increased their target price on shares of Tesla from $303.00 to $333.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, Bank of America raised their price target on shares of Tesla from $305.00 to $341.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, twelve have assigned a Hold rating and nine have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $317.70.

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.