On May 1, 2023 at 15:41:20 ET an unusually large $95,279.10K block of Put contracts in Tesla (TSLA) was bought, with a strike price of $450.00 / share, expiring in 263 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 4.97 sigmas above the mean, placing it in the 100.00th 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 3929 funds or institutions reporting positions in Tesla. This is an increase of 43 owner(s) or 1.11% in the last quarter. Average portfolio weight of all funds dedicated to TSLA is 0.93%, a decrease of 31.53%. Total shares owned by institutions decreased in the last three months by 3.56% to 1,526,852K shares. The put/call ratio of TSLA is 0.75, indicating a bullish outlook.
Analyst Price Forecast Suggests 15.81% Upside
As of April 24, 2023, the average one-year price target for Tesla is $190.29. The forecasts range from a low of $24.58 to a high of $315.00. The average price target represents an increase of 15.81% from its latest reported closing price of $164.31.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Tesla is $118,517MM, an increase of 37.75%. The projected annual non-GAAP EPS is $5.70.
What are Other Shareholders Doing?
Integrated Advisors Network holds 47K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 51K shares, representing a decrease of 8.86%. The firm decreased its portfolio allocation in TSLA by 59.54% over the last quarter.
EQ ADVISORS TRUST – 1290 VT Socially Responsible Portfolio Class IA holds 31K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 31K shares, representing a decrease of 0.26%. The firm decreased its portfolio allocation in TSLA by 56.58% over the last quarter.
Eaton Vance Tax-advantaged Bond & Option Strategies Fund holds 6K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 11K shares, representing a decrease of 76.33%. The firm decreased its portfolio allocation in TSLA by 74.44% over the last quarter.
FCNTX – Fidelity Contrafund holds 28K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 617K shares, representing a decrease of 2,137.25%. The firm decreased its portfolio allocation in TSLA by 97.93% over the last quarter.
Bamco holds 17,528K shares representing 0.55% ownership of the company. In it’s prior filing, the firm reported owning 17,468K shares, representing an increase of 0.34%. The firm decreased its portfolio allocation in TSLA by 51.57% 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.
See all Tesla regulatory filings.
This article originally appeared on Fintel
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