Gibraltar Capital Management Inc. Invests $3.19 Million in Tesla, Inc. (NASDAQ:TSLA)

Gibraltar Capital Management Inc. purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,325 shares of the electric vehicle producer's stock, valued at approximately $3,194,000.

A number of other hedge funds have also recently made changes to their positions in TSLA. Susquehanna Fundamental Investments LLC bought a new stake in Tesla during the 4th quarter valued at $56,600,000. Means Investment CO. Inc. raised its holdings in Tesla by 37.7% during the 1st quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer's stock valued at $5,984,000 after buying an additional 6,323 shares during the last quarter. Focus Financial Network Inc. raised its holdings in Tesla by 3.1% during the 1st quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer's stock valued at $5,823,000 after buying an additional 670 shares during the last quarter. Harvard Management Co. Inc. bought a new stake in Tesla during the 4th quarter valued at $8,158,000. Finally, Blackston Financial Advisory Group LLC raised its holdings in Tesla by 40.4% during the 1st quarter. Blackston Financial Advisory Group LLC now owns 3,040 shares of the electric vehicle producer's stock valued at $788,000 after buying an additional 874 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on TSLA shares. Baird R W lowered shares of Tesla from a "strong-buy" rating to a "hold" rating in a report on Monday, June 9th. Royal Bank Of Canada decreased their price objective on shares of Tesla from $314.00 to $307.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Raymond James Financial lowered shares of Tesla to an "outperform" rating in a report on Tuesday, April 22nd. William Blair downgraded shares of Tesla from an "outperform" rating to a "market perform" rating in a research report on Monday. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $320.00 target price on shares of Tesla in a research report on Monday, June 9th. Ten research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Tesla presently has a consensus rating of "Hold" and a consensus price target of $301.60.

Tesla Trading Down 6.8%

TSLA stock traded down $21.41 during mid-day trading on Monday, reaching $293.94. 130,417,797 shares of the stock traded hands, compared to its average volume of 101,042,751. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00. Tesla, Inc. has a one year low of $182.00 and a one year high of $488.54. The stock has a market capitalization of $946.77 billion, a PE ratio of 161.51, a PEG ratio of 9.17 and a beta of 2.39. The business has a 50-day moving average price of $320.93 and a two-hundred day moving average price of $324.35.

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

Insider Activity at Tesla

In other news, SVP Xiaotong Zhu sold 15,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $323.81, for a total value of $4,857,150.00. Following the sale, the senior vice president directly owned 67,600 shares in the company, valued at approximately $21,889,556. This trade represents a 18.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 112,395 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $274.12, for a total transaction of $30,809,717.40. Following the completion of the sale, the director owned 85,000 shares in the company, valued at $23,300,200. This represents a 56.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 829,509 shares of company stock worth $277,648,925 over the last quarter. Corporate insiders own 20.70% of the company's stock.

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.