Tesla, Inc. $TSLA Position Increased by Woodward Diversified Capital LLC

Key Points

• Woodward Diversified Capital LLC increased its stake in Tesla by 26.3% in Q2, now holding 5,390 shares valued at approximately $1.71 million.
• Several institutional investors raised their positions in Tesla during the same period, contributing to a total institutional ownership of 66.20%.
• Analysts have varied ratings for Tesla, with a consensus price target of $341.46 and two Strong Buy ratings, indicating mixed investor sentiment on the stock's performance.

Woodward Diversified Capital LLC raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 26.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,390 shares of the electric vehicle producer's stock after purchasing an additional 1,123 shares during the period. Tesla comprises about 0.9% of Woodward Diversified Capital LLC's portfolio, making the stock its 26th largest holding. Woodward Diversified Capital LLC's holdings in Tesla were worth $1,712,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. New Wave Wealth Advisors LLC grew its position in shares of Tesla by 11.6% during the second quarter. New Wave Wealth Advisors LLC now owns 3,437 shares of the electric vehicle producer's stock worth $1,092,000 after acquiring an additional 357 shares during the last quarter. Precision Wealth Strategies LLC bought a new position in shares of Tesla during the second quarter worth about $322,000. B.O.S.S. Retirement Advisors LLC grew its position in shares of Tesla by 12.6% during the second quarter. B.O.S.S. Retirement Advisors LLC now owns 10,319 shares of the electric vehicle producer's stock worth $3,278,000 after acquiring an additional 1,156 shares during the last quarter. Newman Dignan & Sheerar Inc. grew its position in shares of Tesla by 18.1% during the second quarter. Newman Dignan & Sheerar Inc. now owns 1,205 shares of the electric vehicle producer's stock worth $383,000 after acquiring an additional 185 shares during the last quarter. Finally, Madrona Financial Services LLC grew its position in shares of Tesla by 15.2% during the second quarter. Madrona Financial Services LLC now owns 3,439 shares of the electric vehicle producer's stock worth $1,093,000 after acquiring an additional 455 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. HSBC upped their price target on shares of Tesla from $120.00 to $127.00 in a research report on Monday. Bank of America increased their target price on shares of Tesla from $305.00 to $341.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Argus reiterated a "hold" rating on shares of Tesla in a research report on Monday, June 9th. Glj Research reiterated a "sell" rating on shares of Tesla in a research report on Thursday, July 24th. Finally, Guggenheim reiterated a "sell" rating and issued a $175.00 target price on shares of Tesla in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twelve have assigned a Hold rating and eight have given a Sell rating to the company. According to data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and a consensus price target of $341.46.

Insiders Place Their Bets

In other Tesla news, SVP Xiaotong Zhu sold 20,000 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the sale, the senior vice president owned 47,600 shares in the company, valued at approximately $17,314,500. The trade was a 29.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the sale, the chief financial officer owned 9,856 shares in the company, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 208,606 shares of company stock worth $77,360,462. Company insiders own 19.90% of the company's stock.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $436.00 on Friday. The firm has a 50-day moving average of $361.74 and a two-hundred day moving average of $319.98. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1.45 trillion, a price-to-earnings ratio of 252.02, a PEG ratio of 15.97 and a beta of 2.08. Tesla, Inc. has a twelve month low of $212.11 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted 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). 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 quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 EPS. As a group, analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

About Tesla

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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