Dynamic Financial Group Invests $241,000 in Tesla, Inc. $TSLA

Key Points

• Dynamic Financial Group invested $241,000 in Tesla, acquiring 760 shares in the 2nd quarter.
• The company reported quarterly earnings of $0.40 per share, missing analysts' estimates of $0.43, with a revenue of $22.50 billion compared to expected $23.18 billion.
• Institutional investors hold 66.20% of Tesla's stock, indicating significant confidence in the company's long-term performance.

Dynamic Financial Group acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 760 shares of the electric vehicle producer's stock, valued at approximately $241,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Means Investment CO. Inc. boosted its holdings in shares of Tesla by 37.7% during the 1st quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer's stock worth $5,984,000 after buying an additional 6,323 shares during the period. Siren L.L.C. bought a new stake in shares of Tesla during the 1st quarter worth about $2,332,000. Zuckerman Investment Group LLC boosted its holdings in shares of Tesla by 6.9% during the 1st quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer's stock worth $3,304,000 after buying an additional 826 shares during the period. Keystone Global Partners LLC bought a new stake in shares of Tesla during the 1st quarter worth about $594,000. Finally, Strs Ohio bought a new stake in shares of Tesla during the 1st quarter worth about $205,495,000. Institutional investors own 66.20% of the company's stock.

Tesla Price Performance

TSLA stock opened at $435.90 on Tuesday. The company has a 50 day simple moving average of $378.50 and a 200 day simple moving average of $329.48. The stock has a market cap of $1.45 trillion, a price-to-earnings ratio of 251.97, a P/E/G ratio of 14.92 and a beta of 2.08. Tesla, Inc. has a 1 year low of $212.11 and a 1 year high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The company had revenue of $22.50 billion for the quarter, compared to analyst estimates of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%.Tesla'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 company earned $0.52 earnings per share. Research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the transaction, the chief financial officer directly owned 9,856 shares in the company, valued at $3,473,057.28. This represents a 20.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James R. Murdoch sold 120,000 shares of the company's stock in a transaction that occurred 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 owned 697,031 shares of the company's stock, valued at approximately $244,162,988.99. This represents a 14.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 202,606 shares of company stock worth $75,588,902 in the last three months. 19.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TSLA. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a report on Thursday, July 24th. Royal Bank Of Canada boosted their price objective on shares of Tesla from $325.00 to $500.00 and gave the company an "outperform" rating in a report on Friday. Daiwa Capital Markets reissued a "neutral" rating on shares of Tesla in a report on Sunday, July 27th. Bank of America boosted their price objective on shares of Tesla from $305.00 to $341.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Finally, TD Cowen boosted their price objective on shares of Tesla from $374.00 to $509.00 and gave the company a "buy" rating in a report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have issued a Hold rating and eight have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $363.03.

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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