One Day In July LLC Has $427,000 Holdings in Tesla, Inc. $TSLA

One Day In July LLC cut its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 25.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 1,345 shares of the electric vehicle producer’s stock after selling 467 shares during the quarter. One Day In July LLC’s holdings in Tesla were worth $427,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Amalgamated Bank lifted its position in Tesla by 3.7% during the second quarter. Amalgamated Bank now owns 613,526 shares of the electric vehicle producer’s stock worth $194,893,000 after acquiring an additional 21,719 shares during the last quarter. Savvy Advisors Inc. lifted its position in Tesla by 60.8% during the second quarter. Savvy Advisors Inc. now owns 22,597 shares of the electric vehicle producer’s stock worth $7,178,000 after acquiring an additional 8,544 shares during the last quarter. FRG Family Wealth Advisors LLC lifted its position in Tesla by 106.5% during the second quarter. FRG Family Wealth Advisors LLC now owns 10,079 shares of the electric vehicle producer’s stock worth $3,202,000 after acquiring an additional 5,198 shares during the last quarter. Assetmark Inc. lifted its position in Tesla by 4.0% during the second quarter. Assetmark Inc. now owns 356,808 shares of the electric vehicle producer’s stock worth $113,344,000 after acquiring an additional 13,801 shares during the last quarter. Finally, Keybank National Association OH lifted its position in Tesla by 1.2% during the second quarter. Keybank National Association OH now owns 48,607 shares of the electric vehicle producer’s stock worth $15,441,000 after acquiring an additional 587 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Up 0.2%

Shares of NASDAQ:TSLA opened at $461.51 on Thursday. The company has a fifty day moving average of $405.79 and a 200-day moving average of $345.40. The company has a market capitalization of $1.53 trillion, a PE ratio of 307.67, a price-to-earnings-growth ratio of 16.81 and a beta of 2.08. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $488.54.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. The company had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 earnings per share. On average, equities analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TSLA. Wedbush restated an “outperform” rating and set a $600.00 price objective on shares of Tesla in a research report on Monday, October 20th. Benchmark reiterated a “buy” rating on shares of Tesla in a research report on Thursday, October 23rd. New Street Research lifted their price target on shares of Tesla from $465.00 to $520.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Stifel Nicolaus set a $483.00 price target on shares of Tesla and gave the company a “buy” rating in a research report on Wednesday, October 8th. Finally, China Renaissance lifted their price target on shares of Tesla from $349.00 to $380.00 and gave the company a “hold” rating in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have assigned a Hold rating and eleven have issued a Sell rating to the stock. According to data from MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus price target of $388.51.

Insider Buying and Selling

In related news, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $422.68, for a total value of $25,360,800.00. Following the sale, the director owned 637,031 shares of the company’s stock, valued at $269,260,263.08. The trade was a 8.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction of $7,275,000.00. Following the sale, the senior vice president directly owned 47,600 shares in the company, valued at $17,314,500. This trade represents a 29.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 202,606 shares of company stock valued at $75,588,902 over the last 90 days. 19.90% of the stock is owned by 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.