Vicus Capital Has $360,000 Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Vicus Capital raised its position in Tesla, Inc. (NASDAQ:TSLA) by 71.1% during the first quarter, Holdings Channel reports. The institutional investor owned 1,389 shares of the electric vehicle producer’s stock after buying an additional 577 shares during the quarter. Vicus Capital’s holdings in Tesla were worth $360,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TSLA. Vista Finance LLC increased its position in Tesla by 0.7% in the fourth quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer’s stock worth $1,417,000 after purchasing an additional 25 shares during the period. Vista Capital Partners Inc. boosted its stake 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 during the last quarter. Blackston Financial Advisory Group LLC grew its position in shares of Tesla by 1.3% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 2,166 shares of the electric vehicle producer’s stock worth $875,000 after buying an additional 27 shares during the period. Kooman & Associates raised its stake in shares of Tesla by 2.4% during the fourth quarter. Kooman & Associates now owns 1,188 shares of the electric vehicle producer’s stock worth $480,000 after buying an additional 28 shares during the last quarter. Finally, Rinkey Investments raised its stake in shares of Tesla by 3.5% during the fourth quarter. Rinkey Investments now owns 860 shares of the electric vehicle producer’s stock worth $347,000 after buying an additional 29 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Down 3.8%

Shares of TSLA stock opened at $316.73 on Wednesday. The firm’s fifty day moving average price is $302.42 and its two-hundred day moving average price is $332.66. Tesla, Inc. has a 1 year low of $179.66 and a 1 year high of $488.54. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $1.02 trillion, a P/E ratio of 174.03, a PEG ratio of 12.36 and a beta of 2.47.

Tesla (NASDAQ:TSLA) last released its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). The company had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a return on equity of 9.02% and a net margin of 6.66%. During the same quarter in the previous year, the company posted $0.45 EPS. On average, equities analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on TSLA. Canaccord Genuity Group dropped their target price on shares of Tesla from $404.00 to $303.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Stifel Nicolaus set a $450.00 price objective on Tesla and gave the company a “buy” rating in a report on Thursday, April 24th. HSBC cut their target price on Tesla from $165.00 to $130.00 and set a “reduce” rating on the stock in a research note on Thursday, March 27th. Mizuho boosted their target price on Tesla from $325.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. Finally, Roth Mkm cut their price target on shares of Tesla from $450.00 to $395.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Ten analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $293.67.

Insider Transactions at Tesla

In related news, SVP Xiaotong Zhu sold 15,000 shares of Tesla stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the completion of the transaction, the senior vice president now owns 67,600 shares in the company, valued at approximately $21,889,556. This trade represents a 18.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the completion of the sale, the chief financial officer now owns 1,950 shares in the company, valued at $682,500. This represents a 33.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 833,509 shares of company stock worth $278,648,925 in the last 90 days. Corporate insiders own 20.70% of the company’s stock.

Tesla Company Profile

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.