Mason & Associates Inc Acquires 984 Shares of Tesla, Inc. $TSLA

Key Points

• Mason & Associates Inc has increased its Tesla holdings by 6.1%, now owning 17,223 shares valued at approximately $5.47 million, making Tesla its 21st largest investment.
• Institutional ownership of Tesla has risen to 66.20%, reflecting continued confidence in the company's stock, with multiple firms increasing their stakes in the second quarter.
• Tesla's stock recently experienced a 3.4% decline, with the latest earnings report showing a better-than-expected earnings per share of $0.50, beating analysts' expectations of $0.48.

Mason & Associates Inc increased its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 6.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,223 shares of the electric vehicle producer's stock after buying an additional 984 shares during the period. Tesla comprises approximately 1.3% of Mason & Associates Inc's investment portfolio, making the stock its 21st biggest holding. Mason & Associates Inc's holdings in Tesla were worth $5,471,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. BIP Alliance LLC boosted its stake in Tesla by 3.1% in the second quarter. BIP Alliance LLC now owns 1,649 shares of the electric vehicle producer's stock valued at $524,000 after acquiring an additional 50 shares in the last quarter. Brian Low Financial Group LLC acquired a new stake in Tesla in the second quarter valued at approximately $450,000. Rational Advisors Inc. boosted its stake in Tesla by 37.5% in the second quarter. Rational Advisors Inc. now owns 2,964 shares of the electric vehicle producer's stock valued at $942,000 after acquiring an additional 808 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs boosted its stake in Tesla by 1.1% in the second quarter. AG2R LA Mondiale Gestion D Actifs now owns 107,559 shares of the electric vehicle producer's stock valued at $34,167,000 after acquiring an additional 1,184 shares in the last quarter. Finally, City State Bank boosted its stake in Tesla by 17.1% in the second quarter. City State Bank now owns 4,477 shares of the electric vehicle producer's stock valued at $1,422,000 after acquiring an additional 655 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Mizuho lifted their price objective on shares of Tesla from $450.00 to $485.00 and gave the stock an "outperform" rating in a research note on Thursday. Melius assumed coverage on shares of Tesla in a research note on Monday, October 13th. They set a "buy" rating and a $520.00 price objective for the company. Barclays reiterated a "negative" rating and set a $350.00 price objective (up from $275.00) on shares of Tesla in a research note on Thursday, October 16th. Melius Research set a $520.00 target price on shares of Tesla and gave the company a "buy" rating in a research report on Monday, October 13th. Finally, Guggenheim restated a "sell" rating and set a $175.00 target price on shares of Tesla in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twelve have assigned a Hold rating and eleven have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $381.70.

Tesla Stock Down 3.4%

TSLA opened at $433.72 on Friday. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $488.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.07. The company has a fifty day moving average of $398.06 and a two-hundred day moving average of $339.92. The stock has a market capitalization of $1.44 trillion, a price-to-earnings ratio of 289.15, a PEG ratio of 16.13 and a beta of 2.08.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The company had revenue of $28.10 billion during the quarter, compared to analysts' expectations of $24.98 billion. During the same quarter in the previous year, the company earned $0.72 earnings per share. The firm's revenue for the quarter was up 11.6% on a year-over-year basis. On average, research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other news, SVP Xiaotong Zhu sold 20,000 shares of the business'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 owned 47,600 shares of the company's stock, valued at $17,314,500. The trade was a 29.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James R. Murdoch sold 120,000 shares of the business's stock in a transaction dated 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 sale, the director directly owned 697,031 shares of the company's stock, valued at $244,162,988.99. This represents a 14.69% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 202,606 shares of company stock valued at $75,588,902. Corporate insiders own 19.90% of the company's stock.

Tesla 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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