Tesla, Inc. $TSLA Stock Holdings Lifted by Koshinski Asset Management Inc.

Key Points

• Koshinski Asset Management Inc. increased its stake in Tesla by 3.4%, now owning 19,537 shares valued at about $6.2 million.
• Tesla reported $0.40 EPS for the last quarter, missing estimates and experiencing an 11.8% year-over-year revenue decline.
• Insiders, including the CFO, have sold over 202,606 shares worth approximately $75.6 million in the past 90 days, indicating a 20.91% decrease in the CFO's holdings.

Koshinski Asset Management Inc. boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,537 shares of the electric vehicle producer's stock after purchasing an additional 651 shares during the period. Koshinski Asset Management Inc.'s holdings in Tesla were worth $6,206,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Means Investment CO. Inc. grew its position in Tesla by 37.7% during the first quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer's stock valued at $5,984,000 after purchasing an additional 6,323 shares in the last quarter. Siren L.L.C. acquired a new stake in Tesla in the first quarter valued at approximately $2,332,000. Zuckerman Investment Group LLC lifted its stake in Tesla by 6.9% in the first quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer's stock valued at $3,304,000 after acquiring an additional 826 shares during the last quarter. Keystone Global Partners LLC acquired a new stake in Tesla in the first quarter valued at approximately $594,000. Finally, Strs Ohio acquired a new stake in Tesla in the first quarter valued at approximately $205,495,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Trading Up 2.5%

Shares of TSLA stock opened at $439.31 on Friday. Tesla, Inc. has a 52-week low of $212.11 and a 52-week high of $488.54. The stock has a market cap of $1.46 trillion, a price-to-earnings ratio of 253.94, a P/E/G ratio of 15.41 and a beta of 2.08. 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 firm has a fifty day moving average of $387.54 and a 200-day moving average of $333.25.

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 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 analyst estimates of $23.18 billion. During the same quarter in the prior year, the company posted $0.52 EPS. The company's quarterly revenue was down 11.8% compared to the same quarter last year. On average, equities research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the transaction, the chief financial officer owned 9,856 shares in the company, valued at $3,473,057.28. This represents a 20.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the company'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 transaction, the senior vice president owned 47,600 shares in the company, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 202,606 shares of company stock worth $75,588,902 in the last 90 days. Corporate insiders own 19.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TSLA shares. Royal Bank Of Canada lifted their target price on shares of Tesla from $325.00 to $500.00 and gave the company an "outperform" rating in a research note on Friday, October 10th. UBS Group set a $247.00 target price on shares of Tesla in a research note on Monday, October 6th. Guggenheim reiterated a "sell" rating and issued a $175.00 target price on shares of Tesla in a research note on Wednesday, July 23rd. CICC Research lifted their target price on shares of Tesla from $360.00 to $450.00 and gave the company an "outperform" rating in a research note on Thursday, September 18th. Finally, Piper Sandler boosted their price objective on shares of Tesla from $400.00 to $500.00 and gave the stock an "overweight" rating in a research note on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have assigned a Hold rating and ten have issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $363.54.

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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