Tesla, Inc. (NASDAQ:TSLA) Holdings Increased by Sloy Dahl & Holst LLC

Sloy Dahl & Holst LLC boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 0.6% in the 3rd quarter, Holdings Channel reports. The fund owned 1,256,481 shares of the electric vehicle producer’s stock after buying an additional 7,492 shares during the period. Tesla makes up 56.1% of Sloy Dahl & Holst LLC’s investment portfolio, making the stock its largest position. Sloy Dahl & Holst LLC’s holdings in Tesla were worth $328,733,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Fisher Asset Management LLC increased its position in shares of Tesla by 38.5% in the fourth quarter. Fisher Asset Management LLC now owns 21,119 shares of the electric vehicle producer’s stock valued at $5,248,000 after buying an additional 5,874 shares in the last quarter. Capital CS Group LLC raised its position in Tesla by 102.9% during the first quarter. Capital CS Group LLC now owns 1,203 shares of the electric vehicle producer’s stock worth $211,000 after acquiring an additional 42,954 shares during the period. RFG Advisory LLC lifted its holdings in Tesla by 3.2% during the first quarter. RFG Advisory LLC now owns 10,122 shares of the electric vehicle producer’s stock valued at $1,779,000 after purchasing an additional 311 shares in the last quarter. Cardano Risk Management B.V. grew its position in shares of Tesla by 4.9% in the first quarter. Cardano Risk Management B.V. now owns 558,675 shares of the electric vehicle producer’s stock valued at $98,209,000 after purchasing an additional 26,323 shares during the period. Finally, First Affirmative Financial Network increased its stake in shares of Tesla by 4.5% during the first quarter. First Affirmative Financial Network now owns 4,396 shares of the electric vehicle producer’s stock worth $773,000 after purchasing an additional 190 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Down 0.0 %

Shares of Tesla stock traded down $0.04 during trading hours on Friday, reaching $220.85. 12,490,302 shares of the company were exchanged, compared to its average volume of 94,182,883. The firm has a market cap of $705.54 billion, a PE ratio of 62.05, a PEG ratio of 5.94 and a beta of 2.29. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $271.00. The stock’s fifty day moving average is $227.25 and its 200 day moving average is $204.80.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The company had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. During the same period in the prior year, the business earned $0.78 EPS. Tesla’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities research analysts forecast that Tesla, Inc. will post 1.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TSLA. Wedbush reiterated an “outperform” rating and issued a $300.00 price objective on shares of Tesla in a report on Wednesday, July 24th. Royal Bank of Canada lifted their price target on Tesla from $224.00 to $236.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Friday, October 11th. Wolfe Research began coverage on Tesla in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $280.00 target price on shares of Tesla in a report on Tuesday, August 20th. Nine investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Tesla currently has an average rating of “Hold” and an average target price of $210.72.

Insider Activity at Tesla

In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total value of $14,597,425.44. Following the sale, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 8,000 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $250.00, for a total value of $2,000,000.00. Following the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,258,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 74,661 shares of company stock valued at $16,663,291 over the last 90 days. 20.70% of the stock is owned by corporate insiders.

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.