Captrust Financial Advisors Raises Holdings in Tesla, Inc. (NASDAQ:TSLA)

Captrust Financial Advisors raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 9.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 299,275 shares of the electric vehicle producer's stock after acquiring an additional 26,223 shares during the quarter. Captrust Financial Advisors' holdings in Tesla were worth $120,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Cardiff Park Advisors LLC raised its stake in shares of Tesla by 0.6% during the 4th quarter. Cardiff Park Advisors LLC now owns 11,742 shares of the electric vehicle producer's stock valued at $4,742,000 after purchasing an additional 74 shares during the period. Cary Street Partners Financial LLC bought a new stake in shares of Tesla during the fourth quarter valued at about $3,196,000. Castlekeep Investment Advisors LLC purchased a new stake in shares of Tesla in the fourth quarter worth about $17,777,000. Caxton Associates LP boosted its position in shares of Tesla by 4,582.2% in the fourth quarter. Caxton Associates LP now owns 2,107,000 shares of the electric vehicle producer's stock valued at $850,891,000 after acquiring an additional 2,062,000 shares during the period. Finally, Banque Transatlantique SA purchased a new position in Tesla during the fourth quarter valued at approximately $3,463,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Trading Up 4.4 %

NASDAQ TSLA traded up $12.44 during trading on Friday, hitting $297.26. The company had a trading volume of 112,724,265 shares, compared to its average volume of 95,961,156. The company's fifty day moving average is $258.13 and its 200-day moving average is $326.09. The company has a market cap of $957.46 billion, a price-to-earnings ratio of 145.72, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a one year low of $167.41 and a one year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The company had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. During the same quarter last year, the business earned $0.45 earnings per share. On average, sell-side analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on TSLA. Cfra Research downgraded shares of Tesla from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price objective on Tesla from $120.00 to $115.00 and set an "underweight" rating for the company in a research note on Wednesday, April 23rd. The Goldman Sachs Group restated a "neutral" rating on shares of Tesla in a research note on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft cut their price objective on Tesla from $420.00 to $345.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, TD Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating and lifted their target price for the company from $180.00 to $388.00 in a research report on Friday, March 7th. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Tesla currently has an average rating of "Hold" and a consensus price target of $287.46.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 6,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $296.02, for a total transaction of $1,776,120.00. Following the sale, the chief financial officer now owns 23,084 shares in the company, valued at approximately $6,833,325.68. The trade was a 20.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Joseph Gebbia purchased 4,000 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The stock was acquired at an average price of $256.31 per share, with a total value of $1,025,240.00. Following the completion of the purchase, the director now owns 4,111 shares in the company, valued at $1,053,690.41. This represents a 3,603.60 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 408,623 shares of company stock worth $114,400,501 over the last ninety days. 20.70% of the stock is owned by corporate insiders.

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.