Blue Capital Inc. Takes $6.10 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Blue Capital Inc. acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 15,115 shares of the electric vehicle producer's stock, valued at approximately $6,104,000. Tesla makes up approximately 4.3% of Blue Capital Inc.'s investment portfolio, making the stock its 2nd largest holding.

A number of other hedge funds also recently modified their holdings of the business. Horrell Capital Management Inc. boosted its holdings in shares of Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after purchasing an additional 34 shares during the period. GS Investments Inc. boosted its stake in shares of Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after buying an additional 58 shares during the period. Navigoe LLC purchased a new position in shares of Tesla during the 4th quarter valued at $37,000. CoreFirst Bank & Trust acquired a new position in shares of Tesla in the fourth quarter worth $38,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Tesla during the fourth quarter worth $39,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Analyst Upgrades and Downgrades

TSLA has been the topic of several research reports. Glj Research reaffirmed a "sell" rating and issued a $19.05 target price (down from $24.86) on shares of Tesla in a research report on Monday, April 21st. Bank of America dropped their price objective on Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. StockNews.com cut shares of Tesla from a "hold" rating to a "sell" rating in a research note on Friday, January 31st. Wedbush restated an "outperform" rating and set a $350.00 price target on shares of Tesla in a report on Thursday, May 1st. Finally, Cfra Research cut shares of Tesla from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Ten analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Tesla presently has an average rating of "Hold" and a consensus price target of $287.46.

Tesla Price Performance

Tesla stock traded up $0.87 on Wednesday, reaching $276.22. The company's stock had a trading volume of 71,528,546 shares, compared to its average volume of 95,812,284. Tesla, Inc. has a twelve month low of $167.41 and a twelve month high of $488.54. The company has a market cap of $889.69 billion, a price-to-earnings ratio of 135.40, a PEG ratio of 5.86 and a beta of 2.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The business's fifty day moving average price is $258.47 and its 200 day moving average price is $325.98.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same quarter in the previous year, the business posted $0.45 EPS. Equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $284.40, for a total transaction of $1,137,600.00. Following the transaction, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $7,664,580. This represents a 12.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of Tesla stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the sale, the director now directly owns 85,000 shares of the company's stock, valued at $25,466,850. This represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 371,228 shares of company stock worth $111,181,034 over the last 90 days. 20.70% of the stock is owned by insiders.

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.