Tesla, Inc. $TSLA is Strategy Capital LLC’s 10th Largest Position

Strategy Capital LLC raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 159,480 shares of the electric vehicle producer’s stock after purchasing an additional 6,878 shares during the quarter. Tesla makes up approximately 3.4% of Strategy Capital LLC’s portfolio, making the stock its 10th largest holding. Strategy Capital LLC’s holdings in Tesla were worth $50,660,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Maia Wealth LLC raised its position in shares of Tesla by 44.6% in the second quarter. Maia Wealth LLC now owns 4,314 shares of the electric vehicle producer’s stock valued at $1,370,000 after purchasing an additional 1,330 shares during the period. Country Trust Bank grew its stake in Tesla by 2.4% in the 2nd quarter. Country Trust Bank now owns 2,459 shares of the electric vehicle producer’s stock valued at $781,000 after buying an additional 58 shares in the last quarter. Viawealth LLC raised its holdings in Tesla by 14.2% during the 2nd quarter. Viawealth LLC now owns 3,924 shares of the electric vehicle producer’s stock valued at $1,246,000 after acquiring an additional 488 shares during the period. Richmond Investment Services LLC lifted its position in shares of Tesla by 130.3% during the second quarter. Richmond Investment Services LLC now owns 4,563 shares of the electric vehicle producer’s stock worth $1,449,000 after acquiring an additional 2,582 shares in the last quarter. Finally, J.W. Cole Advisors Inc. boosted its holdings in shares of Tesla by 21.5% in the second quarter. J.W. Cole Advisors Inc. now owns 76,608 shares of the electric vehicle producer’s stock worth $24,335,000 after acquiring an additional 13,568 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analyst Ratings Changes

TSLA has been the topic of a number of recent research reports. William Blair reissued a “market perform” rating on shares of Tesla in a report on Friday, September 5th. Piper Sandler raised their price objective on shares of Tesla from $400.00 to $500.00 and gave the company an “overweight” rating in a research report on Monday, September 22nd. New Street Research boosted their price objective on shares of Tesla from $465.00 to $520.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Wedbush reiterated an “outperform” rating and issued a $600.00 target price on shares of Tesla in a research note on Wednesday, November 5th. Finally, The Goldman Sachs Group reduced their price target on shares of Tesla from $425.00 to $400.00 and set a “neutral” rating for the company in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have assigned a Hold rating and ten have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tesla has a consensus rating of “Hold” and an average target price of $394.03.

Insiders Place Their Bets

In other news, 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 completion of the sale, the chief financial officer owned 9,856 shares of the company’s stock, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $422.68, for a total value of $25,360,800.00. Following the completion of the sale, the director owned 637,031 shares of the company’s stock, valued at $269,260,263.08. The trade was a 8.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 82,606 shares of company stock valued at $33,554,102. 19.90% of the stock is currently owned by corporate insiders.

Tesla Trading Up 0.4%

NASDAQ TSLA opened at $419.40 on Wednesday. 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 stock’s 50-day simple moving average is $433.66 and its two-hundred day simple moving average is $367.35. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $488.54. The company has a market capitalization of $1.39 trillion, a price-to-earnings ratio of 279.60, a PEG ratio of 16.84 and a beta of 2.06.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The company’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.72 EPS. Research analysts forecast that Tesla, Inc. will post 2.56 EPS 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.