Pure Financial Advisors LLC Has $6.80 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Pure Financial Advisors LLC increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 6.9% in the 1st quarter, Holdings Channel reports. The firm owned 26,250 shares of the electric vehicle producer’s stock after purchasing an additional 1,696 shares during the period. Pure Financial Advisors LLC’s holdings in Tesla were worth $6,803,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC lifted its stake in shares of Tesla by 79.5% in the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock worth $28,000 after buying an additional 31 shares during the last quarter. Horrell Capital Management Inc. raised its holdings in Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock worth $32,000 after acquiring an additional 34 shares during the period. GS Investments Inc. lifted its position in Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock worth $36,000 after acquiring an additional 58 shares during the last quarter. Navigoe LLC bought a new stake in Tesla during the fourth quarter valued at about $37,000. Finally, CoreFirst Bank & Trust bought a new stake in Tesla during the fourth quarter valued at about $38,000. Institutional investors own 66.20% of the company’s stock.

Insider Activity

In related news, SVP Xiaotong Zhu sold 15,000 shares of the company’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $323.81, for a total value of $4,857,150.00. Following the completion of the sale, the senior vice president now owns 67,600 shares in the company, valued at approximately $21,889,556. This represents a 18.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total value of $170,636,475.60. Following the transaction, the director now owns 855,394 shares in the company, valued at approximately $305,632,276.20. This trade represents a 35.83% 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 valued at $278,648,925 in the last 90 days. 20.70% of the stock is owned by company insiders.

Tesla Stock Down 0.5%

Shares of NASDAQ TSLA opened at $325.78 on Friday. Tesla, Inc. has a 1 year low of $182.00 and a 1 year high of $488.54. The firm’s 50-day moving average is $313.28 and its 200-day moving average is $331.01. 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 $1.05 trillion, a PE ratio of 179.00, a price-to-earnings-growth ratio of 12.25 and a beta of 2.47.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). Tesla had a net margin of 6.66% and a return on equity of 9.02%. The business had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. During the same period in the previous year, the business posted $0.45 earnings per share. Equities analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on TSLA shares. Royal Bank Of Canada cut their target price on shares of Tesla from $314.00 to $307.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. BNP Paribas set a $137.00 price target on shares of Tesla and gave the stock an “underperform” rating in a research report on Wednesday, April 16th. Morgan Stanley restated an “overweight” rating and set a $410.00 price target on shares of Tesla in a research note on Friday, June 6th. Wells Fargo & Company lowered their price objective on Tesla from $135.00 to $130.00 and set an “underweight” rating on the stock in a research note on Friday, March 14th. Finally, Stifel Nicolaus set a $450.00 target price on Tesla and gave the stock a “buy” rating in a research report on Thursday, April 24th. Ten equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $298.37.

Tesla 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.