McDonough Capital Management Inc Has $4.60 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

McDonough Capital Management Inc boosted its position in shares of Tesla, Inc. (NASDAQ:TSLAGet Rating) by 198.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,333 shares of the electric vehicle producer’s stock after buying an additional 11,521 shares during the period. Tesla makes up about 5.3% of McDonough Capital Management Inc’s portfolio, making the stock its 7th biggest holding. McDonough Capital Management Inc’s holdings in Tesla were worth $4,600,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TSLA. Baillie Gifford & Co. raised its position in Tesla by 196.4% during the third quarter. Baillie Gifford & Co. now owns 27,876,833 shares of the electric vehicle producer’s stock valued at $7,394,330,000 after purchasing an additional 18,472,529 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in Tesla by 189.0% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,366,820 shares of the electric vehicle producer’s stock valued at $2,484,549,000 after purchasing an additional 6,125,732 shares during the period. New York State Teachers Retirement System raised its holdings in shares of Tesla by 217.2% in the third quarter. New York State Teachers Retirement System now owns 3,159,080 shares of the electric vehicle producer’s stock worth $837,946,000 after buying an additional 2,163,098 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Tesla by 10.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 14,233,086 shares of the electric vehicle producer’s stock worth $9,584,845,000 after buying an additional 1,317,687 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Tesla by 310.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,585,695 shares of the electric vehicle producer’s stock worth $420,608,000 after buying an additional 1,199,474 shares during the period. 43.00% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Performance

Shares of TSLA opened at $131.49 on Wednesday. The stock has a 50-day moving average of $154.22 and a two-hundred day moving average of $224.00. Tesla, Inc. has a one year low of $101.81 and a one year high of $384.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.46. The stock has a market cap of $415.21 billion, a P/E ratio of 40.63, a P/E/G ratio of 0.95 and a beta of 2.02.

Tesla (NASDAQ:TSLAGet Rating) last released its quarterly earnings data on Wednesday, October 19th. The electric vehicle producer reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $21.45 billion during the quarter, compared to analyst estimates of $21.96 billion. Tesla had a return on equity of 31.10% and a net margin of 14.95%. The company’s revenue was up 55.9% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS. As a group, research analysts predict that Tesla, Inc. will post 3.6 EPS for the current year.

Insider Activity at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $229.95, for a total value of $2,414,475.00. Following the completion of the transaction, the senior vice president now owns 62,988 shares in the company, valued at approximately $14,484,090.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $229.95, for a total value of $2,414,475.00. Following the completion of the transaction, the senior vice president now owns 62,988 shares in the company, valued at approximately $14,484,090.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Andrew D. Baglino sold 1,312 shares of Tesla stock in a transaction dated Tuesday, December 6th. The shares were sold at an average price of $178.07, for a total value of $233,627.84. Following the completion of the transaction, the senior vice president now owns 64,259 shares of the company’s stock, valued at approximately $11,442,600.13. The disclosure for this sale can be found here. Insiders sold a total of 24,172,833 shares of company stock worth $4,492,567,309 in the last 90 days. Corporate insiders own 25.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TSLA shares. Bank of America reduced their price target on Tesla from $135.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday. Piper Sandler reduced their price target on Tesla from $360.00 to $340.00 and set an “overweight” rating on the stock in a report on Thursday, September 29th. Cowen reduced their price target on Tesla from $244.00 to $205.00 and set a “market perform” rating on the stock in a report on Thursday, October 20th. Oppenheimer downgraded Tesla from an “outperform” rating to a “market perform” rating in a report on Monday, December 19th. Finally, Global Equities Research restated a “buy” rating on shares of Tesla in a report on Tuesday, November 8th. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have given 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 $220.48.

About Tesla

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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.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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