Flputnam Investment Management Co. Purchases Shares of 6,054 Tesla, Inc. $TSLA

Flputnam Investment Management Co. acquired a new position in Tesla, Inc. (NASDAQ:TSLA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,054 shares of the electric vehicle producer’s stock, valued at approximately $2,546,000.

Several other large investors have also made changes to their positions in the business. 180 GPS Investments IC Ltd bought a new stake in Tesla during the 2nd quarter valued at approximately $285,000. Horizon Investment Services LLC bought a new position in Tesla in the 2nd quarter worth approximately $974,000. Global Retirement Partners LLC acquired a new position in shares of Tesla during the second quarter worth approximately $55,979,000. Titiun Yejiel acquired a new position in shares of Tesla during the second quarter worth approximately $2,187,000. Finally, 1ST Source Bank bought a new stake in shares of Tesla in the second quarter valued at approximately $464,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the sale, the chief financial officer owned 22,039 shares of the company’s stock, valued at $8,864,085.80. The trade was a 10.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by company insiders.

NASDAQ:TSLA opened at $348.75 on Friday. The firm has a market capitalization of $1.38 trillion, a PE ratio of 322.92, a price-to-earnings-growth ratio of 17.61 and a beta of 1.83. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 12-month low of $297.38 and a 12-month high of $498.83. The firm has a 50-day moving average price of $360.33 and a 200 day moving average price of $385.15.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). Tesla had a net margin of 3.67% and a return on equity of 3.82%. The company had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. During the same period in the previous year, the firm posted $0.33 earnings per share. The firm’s revenue for the quarter was up 25.5% compared to the same quarter last year. Research analysts anticipate that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.

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