On July 26, 2023 at 10:30:20 ET an unusually large $1,744.35K block of Put contracts in Tesla (TSLA) was sold, with a strike price of $200.00 / share, expiring in 177 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 1.97 sigmas above the mean, placing it in the 97.32th percentile of all recent large trades made in TSLA options.
This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 4083 funds or institutions reporting positions in Tesla. This is an increase of 183 owner(s) or 4.69% in the last quarter. Average portfolio weight of all funds dedicated to TSLA is 1.08%, an increase of 19.03%. Total shares owned by institutions increased in the last three months by 0.17% to 1,552,251K shares. The put/call ratio of TSLA is 0.78, indicating a bullish outlook.
Analyst Price Forecast Suggests 21.03% Downside
As of July 6, 2023, the average one-year price target for Tesla is 209.49. The forecasts range from a low of 24.58 to a high of $351.75. The average price target represents a decrease of 21.03% from its latest reported closing price of 265.28.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Tesla is 118,517MM, an increase of 26.04%. The projected annual non-GAAP EPS is 5.70.
What are Other Shareholders Doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 83,256K shares representing 2.62% ownership of the company. In it’s prior filing, the firm reported owning 81,593K shares, representing an increase of 2.00%. The firm increased its portfolio allocation in TSLA by 58.68% over the last quarter.
Ofi Invest Asset Management holds 75,078K shares representing 2.37% ownership of the company.
VFINX – Vanguard 500 Index Fund Investor Shares holds 62,757K shares representing 1.98% ownership of the company. In it’s prior filing, the firm reported owning 62,049K shares, representing an increase of 1.13%. The firm increased its portfolio allocation in TSLA by 57.97% over the last quarter.
Geode Capital Management holds 50,048K shares representing 1.58% ownership of the company. In it’s prior filing, the firm reported owning 49,110K shares, representing an increase of 1.87%. The firm increased its portfolio allocation in TSLA by 58.75% over the last quarter.
Capital World Investors holds 43,760K shares representing 1.38% ownership of the company. In it’s prior filing, the firm reported owning 48,431K shares, representing a decrease of 10.67%. The firm increased its portfolio allocation in TSLA by 47.55% over the last quarter.
Tesla Background Information
(This description is provided by the company.)
Tesla’s mission is to accelerate the world’s transition to sustainable energy. Since its founding in 2003, Tesla has broken new barriers in developing high-performance automobiles that are not only the world’s best and highest-selling pure electric vehicles—with long range and absolutely no tailpipe emissions—but also the safest, highest-rated cars on the road in the world. Beyond the flagship Model S sedan and the falcon-winged door Model X sports utility vehicle, Tesla also offers a smaller, simpler and more affordable mid-sized sedan, Model 3, which it is expected will truly propel electric vehicles into the mainstream. In addition, with the opening of the Gigafactory and the acquisition of SolarCity, Tesla now offers a full suite of energy products that incorporates solar, storage, and grid services. As the world’s only fully integrated sustainable energy company, Tesla is at the vanguard of the world’s inevitable shift towards a sustainable energy platform.
Key filings for this company:
This story originally appeared on Fintel.
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