Tesla, Inc. $TSLA Shares Acquired by Zuckerman Investment Group LLC

Key Points

• Zuckerman Investment Group LLC increased its holdings in Tesla by 6.9% during the first quarter, now owning 12,748 shares valued at approximately $3.3 million.
• Institutional investors own 66.20% of Tesla's stock, with several firms significantly raising their stakes, including an 86.3% increase by Cherry Tree Wealth Management.
• Tesla's most recent quarterly earnings showed a miss on estimates, reporting earnings per share of $0.40 against a consensus of $0.43, with revenue also falling short at $22.5 billion.

Zuckerman Investment Group LLC increased its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 6.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,748 shares of the electric vehicle producer's stock after buying an additional 826 shares during the period. Zuckerman Investment Group LLC's holdings in Tesla were worth $3,304,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TSLA. Cherry Tree Wealth Management LLC raised its stake in Tesla by 86.3% in the 1st quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after purchasing an additional 44 shares during the last quarter. First PREMIER Bank raised its stake in Tesla by 79.2% in the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after purchasing an additional 42 shares during the last quarter. Newton One Investments LLC raised its stake in Tesla by 250.0% in the 1st quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in Tesla in the 1st quarter valued at about $27,000. Finally, True Wealth Design LLC raised its stake in Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 31 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TSLA. Piper Sandler restated an "overweight" rating and set a $400.00 price objective on shares of Tesla in a research note on Tuesday, June 10th. Guggenheim reiterated a "sell" rating and set a $175.00 price target on shares of Tesla in a research report on Wednesday, July 23rd. Royal Bank Of Canada restated an "overweight" rating on shares of Tesla in a research report on Tuesday, July 29th. Robert W. Baird reaffirmed a "neutral" rating and issued a $320.00 price target on shares of Tesla in a report on Monday, June 9th. Finally, UBS Group set a $290.00 price objective on shares of Tesla in a research report on Monday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, fifteen have issued a Hold rating and nine have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $303.31.

Tesla Stock Up 1.4%

TSLA opened at $344.7810 on Tuesday. The firm's 50-day simple moving average is $321.62 and its 200-day simple moving average is $302.48. The firm has a market cap of $1.11 trillion, a price-to-earnings ratio of 199.30, a PEG ratio of 11.82 and a beta of 2.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. Tesla, Inc. has a twelve month low of $202.59 and a twelve month high of $488.54.

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 for the quarter, missing the consensus estimate of $0.43 by ($0.03). The firm had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%.The business's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 earnings per share. Equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Xiaotong Zhu sold 15,000 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the completion of the transaction, the senior vice president directly owned 67,600 shares in the company, valued at approximately $21,889,556. This represents a 18.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 6,000 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $341.02, for a total value of $2,046,120.00. Following the completion of the sale, the chief financial officer owned 1,950 shares in the company, valued at $664,989. This trade represents a 75.47% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,564 shares of company stock valued at $9,757,390. Corporate insiders own 20.70% of the company's stock.

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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