Strategic Blueprint LLC Has $3.94 Million Stock Holdings in Tesla, Inc. $TSLA

Strategic Blueprint LLC decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 28.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 12,404 shares of the electric vehicle producer’s stock after selling 4,927 shares during the period. Strategic Blueprint LLC’s holdings in Tesla were worth $3,940,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. First Merchants Corp lifted its stake in shares of Tesla by 1.3% in the 2nd quarter. First Merchants Corp now owns 2,413 shares of the electric vehicle producer’s stock valued at $767,000 after purchasing an additional 31 shares during the period. Alaska Wealth Advisors lifted its stake in shares of Tesla by 3.4% in the 2nd quarter. Alaska Wealth Advisors now owns 985 shares of the electric vehicle producer’s stock valued at $313,000 after purchasing an additional 32 shares during the period. KWB Wealth lifted its stake in shares of Tesla by 2.4% in the 2nd quarter. KWB Wealth now owns 1,381 shares of the electric vehicle producer’s stock valued at $439,000 after purchasing an additional 33 shares during the period. Conrad Siegel Investment Advisors Inc. lifted its stake in shares of Tesla by 3.6% in the 2nd quarter. Conrad Siegel Investment Advisors Inc. now owns 976 shares of the electric vehicle producer’s stock valued at $310,000 after purchasing an additional 34 shares during the period. Finally, Guyasuta Investment Advisors Inc. lifted its stake in shares of Tesla by 0.7% in the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 5,107 shares of the electric vehicle producer’s stock valued at $1,622,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on TSLA. Deutsche Bank Aktiengesellschaft increased their price target on Tesla from $435.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday. HSBC raised their price objective on Tesla from $120.00 to $127.00 in a research note on Monday, September 29th. China Renaissance reaffirmed a “hold” rating and set a $349.00 price objective on shares of Tesla in a research note on Friday, July 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of Tesla in a research note on Wednesday, October 15th. Finally, Baird R W raised Tesla from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twelve have assigned a Hold rating and eleven have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $380.97.

Tesla Price Performance

TSLA stock opened at $448.98 on Friday. The stock has a 50-day moving average price of $396.00 and a two-hundred day moving average price of $338.45. The stock has a market cap of $1.49 trillion, a PE ratio of 299.32, a price-to-earnings-growth ratio of 15.78 and a beta of 2.08. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $488.54.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $28.10 billion during the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a return on equity of 6.72% and a net margin of 5.51%.The company’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 EPS. Equities analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the transaction, the chief financial officer owned 9,856 shares in the company, valued at approximately $3,473,057.28. This represents a 20.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the transaction, the senior vice president owned 47,600 shares of the company’s stock, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 202,606 shares of company stock worth $75,588,902. Corporate insiders own 19.90% of the company’s stock.

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.