One Day In July LLC Sells 467 Shares of Tesla, Inc. $TSLA

One Day In July LLC cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 25.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,345 shares of the electric vehicle producer’s stock after selling 467 shares during the period. One Day In July LLC’s holdings in Tesla were worth $427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Amalgamated Bank lifted its holdings in Tesla by 3.7% during the second quarter. Amalgamated Bank now owns 613,526 shares of the electric vehicle producer’s stock worth $194,893,000 after acquiring an additional 21,719 shares in the last quarter. Savvy Advisors Inc. lifted its holdings in Tesla by 60.8% during the second quarter. Savvy Advisors Inc. now owns 22,597 shares of the electric vehicle producer’s stock worth $7,178,000 after acquiring an additional 8,544 shares in the last quarter. FRG Family Wealth Advisors LLC lifted its holdings in Tesla by 106.5% during the second quarter. FRG Family Wealth Advisors LLC now owns 10,079 shares of the electric vehicle producer’s stock worth $3,202,000 after acquiring an additional 5,198 shares in the last quarter. Assetmark Inc. lifted its holdings in Tesla by 4.0% during the second quarter. Assetmark Inc. now owns 356,808 shares of the electric vehicle producer’s stock worth $113,344,000 after acquiring an additional 13,801 shares in the last quarter. Finally, Keybank National Association OH lifted its holdings in Tesla by 1.2% during the second quarter. Keybank National Association OH now owns 48,607 shares of the electric vehicle producer’s stock worth $15,441,000 after acquiring an additional 587 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction dated Monday, September 8th. The shares were 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 in the company, valued at approximately $3,473,057.28. This trade represents a 20.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James R. Murdoch sold 60,000 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $422.68, for a total transaction 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. This trade represents a 8.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 202,606 shares of company stock worth $75,588,902. Insiders own 19.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TSLA shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Tesla in a report on Wednesday, October 8th. Roth Capital set a $505.00 target price on Tesla and gave the stock a “buy” rating in a report on Thursday, October 23rd. DZ Bank reiterated a “sell” rating on shares of Tesla in a report on Thursday, October 23rd. William Blair reiterated a “market perform” rating on shares of Tesla in a report on Friday, September 5th. Finally, UBS Group set a $247.00 target price on Tesla in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have issued a Hold rating and eleven have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $388.51.

Tesla Trading Up 0.2%

Tesla stock opened at $461.51 on Thursday. The firm has a 50-day moving average of $405.79 and a 200-day moving average of $345.40. Tesla, Inc. has a one year low of $214.25 and a one year high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. The company has a market cap of $1.53 trillion, a price-to-earnings ratio of 307.67, a P/E/G ratio of 16.81 and a beta of 2.08.

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