Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Boosted by Alps Advisors Inc.

Alps Advisors Inc. lifted its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 13.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,169 shares of the electric vehicle producer's stock after buying an additional 2,379 shares during the period. Alps Advisors Inc.'s holdings in Tesla were worth $5,227,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Stonebrook Private Inc. lifted its holdings in Tesla by 54.3% during the 1st quarter. Stonebrook Private Inc. now owns 5,170 shares of the electric vehicle producer's stock worth $1,340,000 after buying an additional 1,820 shares in the last quarter. Sharpepoint LLC raised its holdings in Tesla by 142.1% during the first quarter. Sharpepoint LLC now owns 8,283 shares of the electric vehicle producer's stock valued at $2,147,000 after acquiring an additional 4,861 shares during the period. MainStreet Investment Advisors LLC grew its position in shares of Tesla by 5.2% during the first quarter. MainStreet Investment Advisors LLC now owns 12,740 shares of the electric vehicle producer's stock valued at $3,302,000 after purchasing an additional 626 shares in the last quarter. Investments & Financial Planning LLC grew its position in shares of Tesla by 0.8% during the first quarter. Investments & Financial Planning LLC now owns 5,557 shares of the electric vehicle producer's stock valued at $1,440,000 after purchasing an additional 46 shares in the last quarter. Finally, tru Independence LLC grew its position in shares of Tesla by 40.2% during the first quarter. tru Independence LLC now owns 809 shares of the electric vehicle producer's stock valued at $210,000 after purchasing an additional 232 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla Trading Down 1.9%

Tesla stock traded down $6.12 during mid-day trading on Tuesday, hitting $310.78. 76,366,023 shares of the stock were exchanged, compared to its average volume of 99,420,524. The stock has a market capitalization of $1.00 trillion, a price-to-earnings ratio of 170.76, a PEG ratio of 9.33 and a beta of 2.39. The firm's fifty day simple moving average is $323.33 and its two-hundred day simple moving average is $318.52. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a 12 month low of $182.00 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results 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 6.66% and a return on equity of 9.02%. The company had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same quarter in the previous year, the business earned $0.45 earnings per share. Analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 6,000 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $341.02, for a total transaction of $2,046,120.00. Following the transaction, the chief financial officer directly owned 1,950 shares in the company, valued at $664,989. This trade represents a 75.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the sale, the director owned 855,394 shares of the company's stock, valued at $305,632,276.20. The trade was a 35.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 835,509 shares of company stock worth $279,420,485 over the last three months. Company insiders own 20.70% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Baird R W downgraded Tesla from a "strong-buy" rating to a "hold" rating in a report on Monday, June 9th. Roth Mkm reduced their price objective on shares of Tesla from $450.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Tesla from $420.00 to $345.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Stifel Nicolaus set a $450.00 target price on Tesla and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, William Blair cut Tesla from an "outperform" rating to a "market perform" rating in a research report on Monday, July 7th. Ten investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $300.19.

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.