Brookwood Investment Group LLC Increases Stock Holdings in Tesla, Inc. $TSLA

Brookwood Investment Group LLC lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 45.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,467 shares of the electric vehicle producer’s stock after buying an additional 4,521 shares during the quarter. Tesla accounts for approximately 0.7% of Brookwood Investment Group LLC’s holdings, making the stock its 22nd largest holding. Brookwood Investment Group LLC’s holdings in Tesla were worth $4,596,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of TSLA. Brighton Jones LLC grew its position 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 acquiring an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC grew its position 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 acquiring an additional 931 shares in the last quarter. Bison Wealth LLC grew its position in shares of Tesla by 52.2% in the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after acquiring an additional 3,558 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Tesla by 17.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,662,953 shares of the electric vehicle producer’s stock worth $428,533,000 after acquiring an additional 251,017 shares in the last quarter. Finally, Carolina Wealth Advisors LLC grew its position in shares of Tesla by 41.9% in the 1st quarter. Carolina Wealth Advisors LLC now owns 1,250 shares of the electric vehicle producer’s stock worth $324,000 after acquiring an additional 369 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Trading Down 3.4%

Shares of Tesla stock opened at $433.72 on Monday. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.44 trillion, a price-to-earnings ratio of 289.15, a price-to-earnings-growth ratio of 15.45 and a beta of 2.08. The business has a fifty day simple moving average of $398.06 and a 200-day simple moving average of $341.21. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business had revenue of $28.10 billion during the quarter, compared to analyst estimates of $24.98 billion. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The company’s revenue was up 11.6% on a year-over-year basis. On average, equities analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TSLA. UBS Group set a $247.00 target price on Tesla in a research report on Monday, October 6th. Truist Financial boosted their price objective on Tesla from $280.00 to $406.00 and gave the company a “hold” rating in a research report on Thursday. Roth Capital set a $505.00 price objective on Tesla and gave the company a “buy” rating in a research report on Thursday. Canaccord Genuity Group reduced their price objective on Tesla from $490.00 to $482.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Guggenheim restated a “sell” rating and set a $175.00 price objective on shares of Tesla in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twelve have assigned a Hold rating and eleven have assigned a Sell rating to the company. According to MarketBeat.com, Tesla presently has an average rating of “Hold” and an average price target of $381.00.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of the 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 completion of the sale, the chief financial officer directly owned 9,856 shares of the company’s stock, valued at approximately $3,473,057.28. This represents a 20.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of the sale, the senior vice president directly owned 47,600 shares of the company’s stock, valued at approximately $17,314,500. This represents a 29.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 202,606 shares of company stock valued at $75,588,902. Corporate insiders own 19.90% 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.