Tesla, Inc. (NASDAQ:TSLA) is Carroll Investors Inc’s 6th Largest Position

Carroll Investors Inc lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 1.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,411 shares of the electric vehicle producer’s stock after selling 707 shares during the quarter. Tesla comprises approximately 8.4% of Carroll Investors Inc’s portfolio, making the stock its 6th biggest position. Carroll Investors Inc’s holdings in Tesla were worth $11,162,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Lam Group Inc. acquired a new position in Tesla during the fourth quarter worth $25,000. Mendota Financial Group LLC grew its holdings in Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock worth $34,000 after acquiring an additional 91 shares during the period. OLD Point Trust & Financial Services N A acquired a new position in Tesla during the fourth quarter worth $37,000. Kathleen S. Wright Associates Inc. grew its holdings in Tesla by 111.1% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after acquiring an additional 100 shares during the period. Finally, Guardian Wealth Management Inc. acquired a new position in Tesla during the fourth quarter worth $47,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Trading Down 0.2 %

Shares of Tesla stock traded down $0.45 during trading hours on Friday, reaching $219.80. The stock had a trading volume of 94,604,145 shares, compared to its average volume of 132,509,544. The firm has a 50 day simple moving average of $205.68 and a two-hundred day simple moving average of $190.62. The firm has a market capitalization of $702.18 billion, a price-to-earnings ratio of 56.07, a P/E/G ratio of 5.49 and a beta of 2.31. The company has a current ratio of 1.91, a quick ratio of 1.17 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $278.98.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The firm had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. Tesla had a return on equity of 10.41% and a net margin of 13.00%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.78 earnings per share. As a group, equities research analysts anticipate that Tesla, Inc. will post 1.79 earnings per share for the current year.

Insider Activity at Tesla

In related news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the sale, the director now directly owns 15,000 shares in the company, valued at approximately $2,772,900. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the sale, the senior vice president now owns 65,155 shares in the company, valued at approximately $11,350,652.55. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the sale, the director now owns 15,000 shares in the company, valued at $2,772,900. The disclosure for this sale can be found here. Company insiders own 25.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TSLA. TD Cowen upped their price objective on Tesla from $160.00 to $180.00 and gave the stock a “hold” rating in a report on Wednesday, July 3rd. Bank of America raised Tesla from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a report on Wednesday, April 24th. HSBC upped their target price on Tesla from $120.00 to $130.00 in a report on Wednesday, July 10th. Barclays lowered their target price on Tesla from $225.00 to $220.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Glj Research upped their target price on Tesla from $22.86 to $24.86 and gave the company a “sell” rating in a report on Tuesday, July 23rd. Nine equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $204.30.

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.