Tesla, Inc. $TSLA Shares Sold by McGuire Investment Group LLC

McGuire Investment Group LLC decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 3.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,590 shares of the electric vehicle producer’s stock after selling 60 shares during the quarter. McGuire Investment Group LLC’s holdings in Tesla were worth $505,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TSLA. Means Investment CO. Inc. lifted its holdings in shares of Tesla by 37.7% during the first quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer’s stock valued at $5,984,000 after purchasing an additional 6,323 shares during the last quarter. Focus Financial Network Inc. raised its stake in shares of Tesla by 3.1% during the 1st quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer’s stock worth $5,823,000 after purchasing an additional 670 shares in the last quarter. Siren L.L.C. purchased a new stake in shares of Tesla during the 1st quarter worth about $2,332,000. Zuckerman Investment Group LLC raised its stake in shares of Tesla by 6.9% during the 1st quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer’s stock worth $3,304,000 after purchasing an additional 826 shares in the last quarter. Finally, Keystone Global Partners LLC acquired a new position in shares of Tesla during the 1st quarter valued at about $594,000. Institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

Tesla stock opened at $429.83 on Friday. The stock’s fifty day moving average price is $364.02 and its two-hundred day moving average price is $321.39. Tesla, Inc. has a one year low of $212.11 and a one year high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. The firm has a market cap of $1.43 trillion, a PE ratio of 248.46, a price-to-earnings-growth ratio of 15.15 and a beta of 2.08.

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

Analyst Ratings Changes

A number of research firms have issued reports on TSLA. Daiwa Capital Markets reaffirmed a “neutral” rating on shares of Tesla in a report on Sunday, July 27th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a report on Thursday, July 24th. Royal Bank Of Canada reissued a “buy” rating on shares of Tesla in a report on Friday, September 26th. HSBC boosted their price target on Tesla from $120.00 to $127.00 in a research note on Monday, September 29th. Finally, Glj Research restated a “sell” rating on shares of Tesla in a research report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, thirteen have issued a Hold rating and eight have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $343.43.

Insider Activity

In related news, CFO Vaibhav Taneja sold 4,000 shares of the business’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $292.89, for a total value of $1,171,560.00. Following the completion of the sale, the chief financial officer directly owned 5,924 shares of the company’s stock, valued at $1,735,080.36. The trade was a 40.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the senior vice president directly owned 47,600 shares of the company’s stock, valued at $17,314,500. The trade was a 29.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 208,606 shares of company stock valued at $77,360,462 in the last ninety days. 19.90% of the stock is owned by company insiders.

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.