Greenwood Gearhart LLC Has $15.28 Million Stock Position in Tesla, Inc. $TSLA

Greenwood Gearhart LLC boosted its position in Tesla, Inc. (NASDAQ:TSLAFree Report) by 4.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,324 shares of the electric vehicle producer’s stock after acquiring an additional 1,705 shares during the period. Greenwood Gearhart LLC’s holdings in Tesla were worth $15,278,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Flynn Zito Capital Management LLC raised its position in shares of Tesla by 66.6% during the second quarter. Flynn Zito Capital Management LLC now owns 3,144 shares of the electric vehicle producer’s stock worth $1,322,000 after purchasing an additional 1,257 shares during the period. Seamount Financial Group Inc. lifted its holdings in shares of Tesla by 11.5% in the 2nd quarter. Seamount Financial Group Inc. now owns 719 shares of the electric vehicle producer’s stock worth $302,000 after purchasing an additional 74 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its position in Tesla by 3.4% in the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 23,676 shares of the electric vehicle producer’s stock valued at $9,958,000 after purchasing an additional 783 shares during the period. Clarity Wealth Advisors LLC increased its stake in Tesla by 0.9% during the 2nd quarter. Clarity Wealth Advisors LLC now owns 17,081 shares of the electric vehicle producer’s stock valued at $7,184,000 after purchasing an additional 160 shares in the last quarter. Finally, Fischer Investment Strategies LLC bought a new stake in Tesla during the 2nd quarter valued at $231,000. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

NASDAQ TSLA opened at $345.82 on Thursday. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. The firm has a market cap of $1.37 trillion, a price-to-earnings ratio of 320.21, a PEG ratio of 17.68 and a beta of 1.83. The company has a fifty day moving average price of $362.28 and a 200-day moving average price of $385.80.

Tesla (NASDAQ:TSLAGet Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. During the same period in the previous year, the business earned $0.33 earnings per share. The firm’s revenue for the quarter was up 25.5% on a year-over-year basis. As a group, equities research analysts predict that Tesla, Inc. will post 0.88 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on TSLA. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Tesla in a research note on Tuesday, July 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a research report on Tuesday, July 21st. Evercore upgraded shares of Tesla from a “hold” rating to an “outperform” rating in a report on Friday, June 5th. Truist Financial set a $370.00 price target on shares of Tesla and gave the company a “hold” rating in a research report on Thursday, July 23rd. Finally, Citigroup reiterated a “market perform” rating on shares of Tesla in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, nineteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $401.74.

Read Our Latest Stock Report on TSLA

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

  • Positive Sentiment: Nevada increased Tesla’s permitted Las Vegas robotaxi fleet from 10 vehicles to 5,000, providing regulatory support for the company’s autonomous-driving strategy. However, Tesla still must deploy and operate the expanded fleet successfully. Nevada robotaxi approval
  • Positive Sentiment: Elon Musk teased a larger Tesla vehicle, potentially an SUV or Robovan, addressing a product gap in family-oriented vehicles and potentially expanding the company’s addressable market. Tesla Robovan teaser

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the transaction, the chief financial officer owned 22,039 shares of the company’s stock, valued at $8,864,085.80. This trade represents a 10.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 19.90% of the company’s stock.

Tesla Company Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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