Plotkin Financial Advisors LLC Invests $321,000 in Tesla, Inc. $TSLA

Key Points

• Plotkin Financial Advisors LLC has invested $321,000 in Tesla, purchasing 1,237 shares, indicating growing institutional interest in the company.
• Tesla's recent earnings report showed a miss in EPS at $0.40 compared to estimates of $0.43 and a revenue decline of 11.8% year-over-year, raising concerns about its performance.
• Analysts have mixed ratings on Tesla, with a consensus rating of "Hold" and a price target averaging $303.31, reflecting uncertainty in immediate stock performance.

Plotkin Financial Advisors LLC bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,237 shares of the electric vehicle producer's stock, valued at approximately $321,000.

A number of other institutional investors have also recently modified their holdings of the business. Acorn Wealth Advisors LLC boosted its position in shares of Tesla by 1.9% in the 1st quarter. Acorn Wealth Advisors LLC now owns 1,901 shares of the electric vehicle producer's stock worth $493,000 after buying an additional 36 shares in the last quarter. Solutions 4 Wealth Ltd lifted its holdings in shares of Tesla by 2.0% in the first quarter. Solutions 4 Wealth Ltd now owns 1,815 shares of the electric vehicle producer's stock valued at $470,000 after purchasing an additional 36 shares in the last quarter. Capital Management Associates Inc grew its position in shares of Tesla by 3.4% in the first quarter. Capital Management Associates Inc now owns 1,166 shares of the electric vehicle producer's stock valued at $302,000 after purchasing an additional 38 shares during the last quarter. Graney & King LLC increased its stake in shares of Tesla by 18.4% during the 1st quarter. Graney & King LLC now owns 245 shares of the electric vehicle producer's stock worth $63,000 after purchasing an additional 38 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. lifted its stake in Tesla by 3.8% in the 1st quarter. Mraz Amerine & Associates Inc. now owns 1,054 shares of the electric vehicle producer's stock valued at $278,000 after buying an additional 39 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Up 3.6%

Shares of NASDAQ:TSLA opened at $350.84 on Friday. Tesla, Inc. has a 1 year low of $210.51 and a 1 year high of $488.54. The stock has a 50-day simple moving average of $324.00 and a 200-day simple moving average of $302.65. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. The stock has a market capitalization of $1.13 trillion, a P/E ratio of 202.80, a PEG ratio of 11.81 and a beta of 2.06.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its 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 net margin of 6.54% and a return on equity of 7.98%. The business had revenue of $22.50 billion during the quarter, compared to analysts' expectations of $23.18 billion. During the same period in the prior year, the business posted $0.52 EPS. The business's revenue was down 11.8% on a year-over-year basis. Equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TSLA shares. Mizuho decreased their price objective on Tesla from $390.00 to $375.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 8th. Canaccord Genuity Group lifted their price target on shares of Tesla from $303.00 to $333.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Argus reissued a "hold" rating on shares of Tesla in a research note on Monday, June 9th. HSBC reaffirmed a "reduce" rating and issued a $120.00 target price on shares of Tesla in a research note on Thursday, July 3rd. Finally, Guggenheim reissued a "sell" rating and set a $175.00 price target on shares of Tesla in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, fourteen have given a Hold rating and nine have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $303.31.

Insider Buying and Selling at Tesla

In other Tesla news, Director James R. Murdoch sold 120,000 shares of the company's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total value of $42,034,800.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 2,000 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the transaction, the chief financial officer directly owned 5,924 shares of the company's stock, valued at $1,777,200. This represents a 25.24% decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,564 shares of company stock valued at $49,396,070 over the last 90 days. 20.70% of the stock is owned by corporate 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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