Stone House Investment Management LLC Raises Holdings in Tesla, Inc. (NASDAQ:TSLA)

Stone House Investment Management LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 14.9% in the 2nd quarter, Holdings Channel reports. The firm owned 950 shares of the electric vehicle producer’s stock after purchasing an additional 123 shares during the period. Stone House Investment Management LLC’s holdings in Tesla were worth $249,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TSLA. Axiom Financial Strategies LLC boosted its stake in Tesla by 9.8% during the first quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock worth $777,000 after buying an additional 81 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Tesla by 19.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock worth $1,079,672,000 after buying an additional 164,789 shares during the last quarter. MAS Advisors LLC boosted its stake in Tesla by 25.7% during the first quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock worth $433,000 after buying an additional 81 shares during the last quarter. Ergoteles LLC boosted its stake in Tesla by 33.4% during the first quarter. Ergoteles LLC now owns 3,567 shares of the electric vehicle producer’s stock worth $3,844,000 after buying an additional 893 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Tesla by 6.8% during the first quarter. Mackenzie Financial Corp now owns 72,167 shares of the electric vehicle producer’s stock worth $77,767,000 after buying an additional 4,593 shares during the last quarter. 41.87% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Performance

Tesla stock traded down $1.23 during mid-day trading on Monday, reaching $233.07. 73,396,174 shares of the company were exchanged, compared to its average volume of 139,763,328. Tesla, Inc. has a twelve month low of $101.81 and a twelve month high of $299.29. The firm’s 50-day simple moving average is $240.04 and its two-hundred day simple moving average is $238.24. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.18 and a current ratio of 1.69. The firm has a market cap of $740.91 billion, a PE ratio of 74.81, a price-to-earnings-growth ratio of 4.38 and a beta of 2.28.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, October 18th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.07). The business had revenue of $23.35 billion during the quarter, compared to analyst estimates of $24.19 billion. Tesla had a net margin of 11.21% and a return on equity of 21.47%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 earnings per share. Equities analysts predict that Tesla, Inc. will post 2.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TSLA has been the topic of several recent analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $275.00 price target on shares of Tesla in a research note on Monday, September 18th. Guggenheim reaffirmed a “sell” rating and issued a $125.00 price target on shares of Tesla in a research note on Thursday, October 19th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Tesla in a research note on Tuesday, September 26th. Deutsche Bank Aktiengesellschaft decreased their price target on Tesla from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, September 27th. Finally, Truist Financial decreased their price target on Tesla from $254.00 to $243.00 and set a “hold” rating on the stock in a research note on Monday, October 2nd. Eight analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Tesla presently has an average rating of “Hold” and an average price target of $233.87.

Insider Activity

In related news, SVP Xiaotong Zhu sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $257.23, for a total value of $643,075.00. Following the completion of the transaction, the senior vice president now directly owns 57,972 shares of the company’s stock, valued at approximately $14,912,137.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Xiaotong Zhu sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $257.23, for a total value of $643,075.00. Following the completion of the transaction, the senior vice president now directly owns 57,972 shares of the company’s stock, valued at approximately $14,912,137.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $242.53, for a total value of $2,546,565.00. Following the completion of the transaction, the senior vice president now directly owns 66,834 shares of the company’s stock, valued at $16,209,250.02. The disclosure for this sale can be found here. Insiders sold 43,065 shares of company stock valued at $10,248,880 in the last three months. 25.10% of the stock is currently owned by company insiders.

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. It 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, retail merchandise, and vehicle insurance services.