Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Tyler Stone Wealth Management

Key Points

• Tyler Stone Wealth Management increased its holdings in Tesla by 15.5%, owning 10,580 shares valued at approximately $2.74 million after acquiring an additional 1,416 shares recently.
• Tesla reported a missed earnings expectation for the recent quarter, with earnings per share (EPS) of $0.40 versus a consensus estimate of $0.43, and revenue of $22.50 billion, below expectations of $23.18 billion.
• Institutional investors now own 66.20% of Tesla's stock, highlighting significant interest in the company among hedge funds and investment firms.

Tyler Stone Wealth Management grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 15.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 10,580 shares of the electric vehicle producer's stock after acquiring an additional 1,416 shares during the quarter. Tyler Stone Wealth Management's holdings in Tesla were worth $2,742,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TSLA. Eagle Capital Management LLC acquired a new position in Tesla during the 4th quarter worth $331,000. Brighton Jones LLC raised its stake in shares of Tesla by 11.8% in the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after buying an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Tesla by 21.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock worth $2,147,000 after buying an additional 931 shares in the last quarter. Mascagni Wealth Management Inc. bought a new stake in shares of Tesla in the 4th quarter worth $346,000. Finally, Highview Capital Management LLC DE bought a new stake in shares of Tesla in the 4th quarter worth $2,367,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $330.56 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a 1 year low of $202.59 and a 1 year high of $488.54. The business has a fifty day simple moving average of $320.41 and a 200 day simple moving average of $305.81. The firm has a market cap of $1.07 trillion, a price-to-earnings ratio of 191.08, a P/E/G ratio of 11.67 and a beta of 2.33.

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 the consensus estimate of $0.43 by ($0.03). Tesla had a return on equity of 7.98% and a net margin of 6.54%. The firm had revenue of $22.50 billion for the quarter, compared to analysts' expectations of $23.18 billion. During the same quarter in the prior year, the business posted $0.52 earnings per share. Tesla's revenue was down 11.8% on a year-over-year basis. As a group, sell-side analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TSLA shares. Guggenheim reissued a "sell" rating and issued a $175.00 price objective on shares of Tesla in a research note on Wednesday, July 23rd. Roth Mkm dropped their price objective on Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. China Renaissance reissued a "hold" rating and issued a $349.00 price objective on shares of Tesla in a research note on Friday, July 25th. Truist Financial set a $280.00 price objective on Tesla in a research note on Tuesday, April 22nd. Finally, Cantor Fitzgerald dropped their price objective on Tesla from $425.00 to $355.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Ten investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $303.31.

Insider Buying and Selling at Tesla

In other Tesla news, Director Kimbal Musk sold 91,588 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the transaction, the director directly owned 1,463,220 shares of the company's stock, valued at $522,940,195.80. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 6,000 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $341.02, for a total transaction of $2,046,120.00. Following the transaction, the chief financial officer directly owned 1,950 shares in the company, valued at $664,989. The trade was a 75.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 599,724 shares of company stock valued at $213,126,501. Corporate insiders own 20.70% 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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