Tesla, Inc. (NASDAQ:TSLA) Holdings Decreased by AF Advisors Inc.

AF Advisors Inc. decreased its position in Tesla, Inc. (NASDAQ:TSLA) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,218 shares of the electric vehicle producer’s stock after selling 70 shares during the quarter. Tesla comprises approximately 0.0% of AF Advisors Inc.’s holdings, making the stock its 16th largest position. AF Advisors Inc.’s holdings in Tesla were worth $241,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TSLA. Flynn Zito Capital Management LLC increased its stake in Tesla by 4.9% in the 2nd quarter. Flynn Zito Capital Management LLC now owns 3,235 shares of the electric vehicle producer’s stock valued at $640,000 after buying an additional 152 shares during the period. North Star Asset Management Inc. boosted its stake in shares of Tesla by 8.2% during the 2nd quarter. North Star Asset Management Inc. now owns 6,040 shares of the electric vehicle producer’s stock worth $1,195,000 after acquiring an additional 458 shares in the last quarter. New York Life Investment Management LLC increased its holdings in shares of Tesla by 1.1% during the 2nd quarter. New York Life Investment Management LLC now owns 424,591 shares of the electric vehicle producer’s stock valued at $84,018,000 after acquiring an additional 4,655 shares during the last quarter. Fluent Financial LLC lifted its position in shares of Tesla by 108.6% during the 2nd quarter. Fluent Financial LLC now owns 8,897 shares of the electric vehicle producer’s stock worth $1,761,000 after purchasing an additional 4,632 shares during the last quarter. Finally, Addison Advisors LLC grew its holdings in Tesla by 89.1% in the 2nd quarter. Addison Advisors LLC now owns 987 shares of the electric vehicle producer’s stock valued at $195,000 after buying an additional 465 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Trading Down 8.4 %

NASDAQ TSLA opened at $210.73 on Friday. The stock has a market capitalization of $673.21 billion, a price-to-earnings ratio of 53.76, a PEG ratio of 5.80 and a beta of 2.29. The business’s fifty day moving average is $224.47 and its 200-day moving average is $193.60. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40. Tesla, Inc. has a one year low of $138.80 and a one year high of $278.98.

Tesla (NASDAQ:TSLA) last released its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The company had revenue of $25.50 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter in the previous year, the firm earned $0.78 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. Equities research analysts predict that Tesla, Inc. will post 1.75 EPS for the current year.

Insider Buying and Selling at Tesla

In other news, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the transaction, the director now owns 85,000 shares of the company’s stock, valued at approximately $18,696,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 25.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Roth Mkm reissued a “neutral” rating and issued a $85.00 price target on shares of Tesla in a report on Wednesday, July 24th. Canaccord Genuity Group increased their price target on shares of Tesla from $222.00 to $254.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Wolfe Research started coverage on Tesla in a research report on Thursday. They set a “peer perform” rating for the company. China Renaissance upgraded shares of Tesla from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research note on Friday, July 5th. Finally, HSBC upped their price objective on shares of Tesla from $120.00 to $130.00 in a research note on Wednesday, July 10th. Nine analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $204.21.

Tesla Company 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.