Tradewinds Capital Management LLC Buys 134 Shares of Tesla, Inc. $TSLA

Tradewinds Capital Management LLC boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 18.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 868 shares of the electric vehicle producer’s stock after buying an additional 134 shares during the quarter. Tradewinds Capital Management LLC’s holdings in Tesla were worth $276,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Means Investment CO. Inc. lifted its holdings in Tesla by 37.7% during the 1st quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer’s stock valued at $5,984,000 after buying an additional 6,323 shares in the last quarter. Siren L.L.C. bought a new stake in shares of Tesla in the 1st quarter valued at about $2,332,000. Zuckerman Investment Group LLC raised its holdings in shares of Tesla by 6.9% in the 1st quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer’s stock valued at $3,304,000 after purchasing an additional 826 shares in the last quarter. Keystone Global Partners LLC bought a new stake in shares of Tesla in the 1st quarter valued at about $594,000. Finally, Strs Ohio bought a new stake in shares of Tesla in the 1st quarter valued at about $205,495,000. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 2.5%

NASDAQ:TSLA opened at $439.31 on Friday. The company has a market cap of $1.46 trillion, a PE ratio of 253.94, a P/E/G ratio of 15.41 and a beta of 2.08. Tesla, Inc. has a twelve month low of $212.11 and a twelve month high of $488.54. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. The company’s 50 day moving average is $387.54 and its two-hundred day moving average is $333.25.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). The business had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The firm’s revenue was down 11.8% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share. Analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Activity

In other news, SVP Xiaotong Zhu sold 20,000 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the sale, the senior vice president directly owned 47,600 shares of the company’s stock, valued at $17,314,500. This represents a 29.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction on 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 directly owned 9,856 shares in the company, valued at $3,473,057.28. This trade represents a 20.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 202,606 shares of company stock valued at $75,588,902 in the last ninety days. Insiders own 19.90% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on TSLA. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Tesla from $345.00 to $435.00 and gave the company a “buy” rating in a report on Friday, September 26th. Morgan Stanley restated an “overweight” rating on shares of Tesla in a report on Wednesday. Canaccord Genuity Group boosted their price target on shares of Tesla from $333.00 to $490.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Wedbush lifted their price objective on shares of Tesla from $500.00 to $600.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. Finally, Mizuho lifted their price objective on shares of Tesla from $375.00 to $450.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have assigned a Hold rating and ten have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $363.54.

Tesla 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.