CORDA Investment Management LLC. Takes $2.72 Million Position in Tesla, Inc. $TSLA

CORDA Investment Management LLC. bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,475 shares of the electric vehicle producer’s stock, valued at approximately $2,723,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC increased its position in shares of Tesla by 34.7% during the fourth quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock worth $8,799,000 after purchasing an additional 5,039 shares in the last quarter. Private Capital Advisors Inc. lifted its holdings in Tesla by 139.3% in the 4th quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer’s stock valued at $9,593,000 after purchasing an additional 12,417 shares in the last quarter. Wealthquest Corp acquired a new stake in Tesla during the 4th quarter worth $1,035,000. Knights of Columbus Asset Advisors LLC grew its holdings in shares of Tesla by 34.8% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 64,481 shares of the electric vehicle producer’s stock worth $28,998,000 after buying an additional 16,652 shares in the last quarter. Finally, Varma Mutual Pension Insurance Co raised its position in shares of Tesla by 3.0% in the fourth quarter. Varma Mutual Pension Insurance Co now owns 404,023 shares of the electric vehicle producer’s stock valued at $181,697,000 after buying an additional 11,900 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the completion of the transaction, the chief financial officer directly owned 22,039 shares in the company, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83. The firm has a market cap of $1.38 trillion, a PE ratio of 322.92, a PEG ratio of 17.61 and a beta of 1.83. The firm’s 50 day moving average price is $360.33 and its 200-day moving average price is $385.15. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.17). The business had revenue of $28.24 billion during the quarter, compared to analysts’ expectations of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The company’s revenue was up 25.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.33 earnings per share. On average, equities research analysts anticipate that Tesla, Inc. will post 0.88 EPS for the current year.

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