Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC grew its position in Tesla, Inc. (NASDAQ:TSLA) by 36.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 27,785 shares of the electric vehicle producer’s stock after acquiring an additional 7,352 shares during the quarter. Simon Quick Advisors LLC’s holdings in Tesla were worth $7,201,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vista Finance LLC boosted its holdings in Tesla by 0.7% in the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer’s stock worth $1,417,000 after acquiring an additional 25 shares during the period. Jmac Enterprises LLC raised its position in shares of Tesla by 0.7% in the 4th quarter. Jmac Enterprises LLC now owns 3,884 shares of the electric vehicle producer’s stock valued at $1,569,000 after purchasing an additional 26 shares in the last quarter. TFB Advisors LLC raised its position in shares of Tesla by 0.5% in the 4th quarter. TFB Advisors LLC now owns 5,213 shares of the electric vehicle producer’s stock valued at $2,105,000 after purchasing an additional 27 shares in the last quarter. Vista Capital Partners Inc. raised its position in shares of Tesla by 1.4% in the 4th quarter. Vista Capital Partners Inc. now owns 1,969 shares of the electric vehicle producer’s stock valued at $795,000 after purchasing an additional 27 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC raised its position in shares of Tesla by 1.3% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 2,166 shares of the electric vehicle producer’s stock valued at $875,000 after purchasing an additional 27 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Trading Up 0.1%

Shares of TSLA stock opened at $326.43 on Thursday. The stock has a 50-day simple moving average of $295.60 and a 200 day simple moving average of $333.11. Tesla, Inc. has a fifty-two week low of $169.80 and a fifty-two week high of $488.54. The stock has a market capitalization of $1.05 trillion, a P/E ratio of 160.02, a P/E/G ratio of 5.86 and a beta of 2.47. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last announced its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The firm had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same period in the prior year, the business earned $0.45 EPS. On average, sell-side analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief financial officer now owns 26,950 shares of the company’s stock, valued at $6,737,500. This trade represents a 12.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total value of $170,636,475.60. Following the completion of the transaction, the director now owns 855,394 shares of the company’s stock, valued at $305,632,276.20. This trade represents a 35.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 818,509 shares of company stock valued at $273,791,775 over the last 90 days. 20.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on TSLA. Stifel Nicolaus set a $450.00 target price on Tesla and gave the company a “buy” rating in a research report on Thursday, April 24th. UBS Group cut their target price on Tesla from $225.00 to $190.00 and set a “sell” rating on the stock in a research report on Thursday, April 10th. Roth Mkm cut their target price on Tesla from $450.00 to $395.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. TD Cowen raised Tesla from a “hold” rating to a “buy” rating and upped their target price for the company from $180.00 to $388.00 in a research report on Friday, March 7th. Finally, Baird R W lowered Tesla from a “strong-buy” rating to a “hold” rating in a research report on Monday. Ten analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $293.67.

About Tesla

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; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.