Cache Advisors LLC Invests $8.46 Million in Tesla, Inc. (NASDAQ:TSLA)

Cache Advisors LLC acquired a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 20,954 shares of the electric vehicle producer's stock, valued at approximately $8,462,000. Tesla makes up 3.2% of Cache Advisors LLC's portfolio, making the stock its 9th largest position.

Several other hedge funds have also recently bought and sold shares of the business. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Tesla during the 4th quarter worth about $56,600,000. Stephens Consulting LLC raised its stake in shares of Tesla by 126.7% during the 4th quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock worth $644,000 after purchasing an additional 891 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. raised its stake in shares of Tesla by 133.7% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock worth $1,150,000 after purchasing an additional 1,629 shares in the last quarter. Harvard Management Co. Inc. purchased a new stake in shares of Tesla during the 4th quarter worth about $8,158,000. Finally, Vontobel Holding Ltd. raised its stake in shares of Tesla by 23.0% during the 4th quarter. Vontobel Holding Ltd. now owns 322,300 shares of the electric vehicle producer's stock worth $130,158,000 after purchasing an additional 60,342 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Trading Up 6.9%

NASDAQ TSLA traded up $23.55 on Tuesday, reaching $362.89. The company had a trading volume of 117,469,899 shares, compared to its average volume of 97,579,869. The stock's 50 day moving average is $279.40 and its 200-day moving average is $333.38. The stock has a market cap of $1.17 trillion, a price-to-earnings ratio of 177.89, a PEG ratio of 5.86 and a beta of 2.43. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 52 week low of $167.41 and a 52 week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter in the prior year, the company posted $0.45 EPS. Equities analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on TSLA shares. Wells Fargo & Company cut 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. Glj Research reaffirmed a "sell" rating and issued a $19.05 price target (down from $24.86) on shares of Tesla in a research report on Monday, April 21st. Deutsche Bank Aktiengesellschaft decreased their price objective on Tesla from $420.00 to $345.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Raymond James lowered Tesla to an "outperform" rating in a report on Tuesday, April 22nd. Finally, Cowen raised Tesla from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Ten equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Tesla has an average rating of "Hold" and a consensus target price of $293.97.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $350.11, for a total value of $1,050,330.00. Following the completion of the transaction, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at approximately $9,435,464.50. The trade was a 10.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 112,395 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $274.12, for a total value of $30,809,717.40. Following the completion of the transaction, the director now directly owns 85,000 shares of the company's stock, valued at approximately $23,300,200. The trade was a 56.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 415,623 shares of company stock worth $116,650,831. 20.70% of the stock is owned by insiders.

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.