Tesla, Inc. (NASDAQ:TSLA) is Wynn Capital LLC’s 3rd Largest Position

Wynn Capital LLC raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,604 shares of the electric vehicle producer’s stock after purchasing an additional 422 shares during the period. Tesla accounts for about 4.2% of Wynn Capital LLC’s portfolio, making the stock its 3rd biggest position. Wynn Capital LLC’s holdings in Tesla were worth $6,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank & Trust Co bought a new position in shares of Tesla during the second quarter valued at approximately $25,000. Valley Wealth Managers Inc. purchased a new stake in Tesla in the second quarter worth $26,000. Abich Financial Wealth Management LLC boosted its stake in shares of Tesla by 168.8% during the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock valued at $26,000 after purchasing an additional 81 shares during the period. Clean Yield Group grew its holdings in shares of Tesla by 60.0% in the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after purchasing an additional 48 shares during the last quarter. Finally, M&R Capital Management Inc. lifted its holdings in Tesla by 263.2% during the 3rd quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer’s stock valued at $36,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Activity

In other news, Director Robyn M. Denholm sold 66,364 shares of Tesla stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total value of $14,597,425.44. Following the completion of the sale, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the sale, the senior vice president now owns 67,491 shares of the company’s stock, valued at $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 85,000 shares of the company’s stock, valued at $18,696,600. 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 in the last quarter. Insiders own 20.70% of the company’s stock.

Tesla Stock Down 8.8 %

NASDAQ TSLA opened at $217.80 on Friday. The business’s fifty day simple moving average is $225.43 and its 200-day simple moving average is $203.61. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. The firm has a market cap of $695.79 billion, a PE ratio of 61.18, a P/E/G ratio of 6.54 and a beta of 2.29. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $271.00.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TSLA shares. Argus reaffirmed a “buy” rating and set a $286.00 price target on shares of Tesla in a research note on Friday, July 26th. Glj Research reissued a “sell” rating and set a $24.86 price target on shares of Tesla in a research report on Thursday, September 26th. KGI Securities restated a “neutral” rating and issued a $236.00 price objective on shares of Tesla in a report on Thursday, July 25th. Oppenheimer reissued a “market perform” rating on shares of Tesla in a research report on Tuesday. Finally, Wolfe Research began coverage on shares of Tesla in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Nine research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $210.72.

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.