Tesla, Inc. $TSLA Shares Sold by Kaizen Financial Strategies

Kaizen Financial Strategies lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 26.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,587 shares of the electric vehicle producer’s stock after selling 3,157 shares during the quarter. Tesla comprises approximately 1.4% of Kaizen Financial Strategies’ investment portfolio, making the stock its 17th largest holding. Kaizen Financial Strategies’ holdings in Tesla were worth $2,728,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. LGT Financial Advisors LLC purchased a new position in Tesla in the 2nd quarter worth $29,000. Chelsea Counsel Co. increased its holdings in shares of Tesla by 59.7% in the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 40 shares during the period. Evergreen Private Wealth LLC raised its stake in shares of Tesla by 270.0% in the second quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock worth $35,000 after purchasing an additional 81 shares during the last quarter. Glynn Capital Management LLC purchased a new position in shares of Tesla in the second quarter worth about $35,000. Finally, Maseco LLP purchased a new stake in Tesla in the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction 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 $3,473,057.28. The trade was a 20.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction dated Monday, September 15th. The stock was 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 in the company, valued at approximately $269,260,263.08. The trade was a 8.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 202,606 shares of company stock worth $75,588,902 over the last 90 days. 19.90% of the stock is currently owned by company insiders.

Tesla Stock Down 2.1%

Tesla stock opened at $430.60 on Thursday. 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 stock has a market capitalization of $1.43 trillion, a PE ratio of 287.07, a price-to-earnings-growth ratio of 16.84 and a beta of 2.06. The business has a 50 day simple moving average of $427.33 and a 200-day simple moving average of $359.18. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $28.10 billion for the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 EPS. On average, analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TSLA has been the topic of several recent research reports. HSBC upped their price objective on shares of Tesla from $120.00 to $127.00 in a report on Monday, September 29th. Deutsche Bank Aktiengesellschaft increased their price target on Tesla from $440.00 to $470.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. DZ Bank reissued a “sell” rating on shares of Tesla in a report on Thursday, October 23rd. Dbs Bank upgraded Tesla to a “hold” rating in a research report on Wednesday, November 5th. Finally, New Street Research boosted their price target on Tesla from $465.00 to $520.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have given a Hold rating and ten have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $391.08.

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.