Woodward Diversified Capital LLC Has $1.71 Million Stake in Tesla, Inc. $TSLA

Woodward Diversified Capital LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA) by 26.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,390 shares of the electric vehicle producer’s stock after purchasing an additional 1,123 shares during the period. Tesla comprises 0.9% of Woodward Diversified Capital LLC’s portfolio, making the stock its 26th largest holding. Woodward Diversified Capital LLC’s holdings in Tesla were worth $1,712,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TSLA. Brighton Jones LLC increased its holdings in shares of Tesla by 11.8% in the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after purchasing an additional 9,293 shares during the period. Revolve Wealth Partners LLC increased its holdings in Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after buying an additional 931 shares during the last quarter. Bison Wealth LLC increased its holdings in Tesla by 52.2% in the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after buying an additional 3,558 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Tesla by 3.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 4,605 shares of the electric vehicle producer’s stock worth $1,193,000 after buying an additional 165 shares during the last quarter. Finally, Apella Capital LLC increased its holdings in Tesla by 17.6% in the first quarter. Apella Capital LLC now owns 4,399 shares of the electric vehicle producer’s stock worth $1,197,000 after buying an additional 658 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. The Goldman Sachs Group increased their price objective on Tesla from $300.00 to $395.00 and gave the stock a “neutral” rating in a report on Thursday, September 18th. Baird R W upgraded Tesla from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. China Renaissance restated a “hold” rating and issued a $349.00 price objective on shares of Tesla in a report on Friday, July 25th. Robert W. Baird raised Tesla from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $320.00 to $548.00 in a research report on Friday, September 19th. Finally, UBS Group reaffirmed a “sell” rating and set a $215.00 target price on shares of Tesla in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twelve have given a Hold rating and eight have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $341.46.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer directly owned 5,924 shares of the company’s stock, valued at $1,735,080.36. This trade represents a 40.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James R. Murdoch sold 120,000 shares of the firm’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total value of $42,034,800.00. Following the completion of the transaction, the director directly owned 697,031 shares of the company’s stock, valued at approximately $244,162,988.99. This trade represents a 14.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 208,606 shares of company stock valued at $77,360,462 over the last ninety days. 19.90% of the stock is owned by company insiders.

Tesla Trading Down 5.1%

Shares of Tesla stock opened at $436.00 on Friday. The company’s fifty day simple moving average is $361.74 and its 200-day simple moving average is $319.98. The company has a market cap of $1.45 trillion, a price-to-earnings ratio of 252.02, a PEG ratio of 15.97 and a beta of 2.08. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a 1 year low of $212.11 and a 1 year high of $488.54.

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

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.