Asset Management One Co. Ltd. Purchases 80,210 Shares of Tesla, Inc. (NASDAQ:TSLA)

Asset Management One Co. Ltd. raised its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,289,280 shares of the electric vehicle producer's stock after acquiring an additional 80,210 shares during the period. Tesla makes up approximately 1.2% of Asset Management One Co. Ltd.'s holdings, making the stock its 13th biggest holding. Asset Management One Co. Ltd.'s holdings in Tesla were worth $334,130,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TSLA. Chapin Davis Inc. boosted its holdings in Tesla by 8.6% in the first quarter. Chapin Davis Inc. now owns 2,979 shares of the electric vehicle producer's stock worth $772,000 after acquiring an additional 237 shares in the last quarter. Elwood & Goetz Wealth Advisory Group LLC increased its holdings in shares of Tesla by 14.7% during the first quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,833 shares of the electric vehicle producer's stock valued at $475,000 after acquiring an additional 235 shares in the last quarter. Valmark Advisers Inc. boosted its stake in Tesla by 5.3% in the 1st quarter. Valmark Advisers Inc. now owns 17,329 shares of the electric vehicle producer's stock worth $4,491,000 after purchasing an additional 878 shares in the last quarter. Crewe Advisors LLC boosted its stake in Tesla by 0.6% in the 1st quarter. Crewe Advisors LLC now owns 44,230 shares of the electric vehicle producer's stock worth $11,463,000 after purchasing an additional 274 shares in the last quarter. Finally, Vantage Point Financial LLC grew its position in Tesla by 8.6% during the 1st quarter. Vantage Point Financial LLC now owns 1,470 shares of the electric vehicle producer's stock worth $381,000 after purchasing an additional 117 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Up 8.2%

TSLA stock opened at $348.68 on Tuesday. The stock has a market capitalization of $1.12 trillion, a P/E ratio of 191.58, a P/E/G ratio of 12.05 and a beta of 2.47. Tesla, Inc. has a 52 week low of $182.00 and a 52 week high of $488.54. The firm has a 50-day simple moving average of $308.14 and a 200-day simple moving average of $331.42. 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 (NASDAQ:TSLA - Get Free Report) last announced its 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 net margin of 6.66% and a return on equity of 9.02%. The firm had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. During the same period in the previous year, the company earned $0.45 EPS. Equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TSLA shares. Benchmark reiterated a "buy" rating and set a $350.00 price objective on shares of Tesla in a research note on Wednesday, April 23rd. Roth Mkm lowered their price target on Tesla from $450.00 to $395.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. The Goldman Sachs Group reissued a "neutral" rating on shares of Tesla in a report on Friday. Baird R W downgraded Tesla from a "strong-buy" rating to a "hold" rating in a report on Monday, June 9th. Finally, Raymond James Financial lowered Tesla to an "outperform" rating in a research report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $294.58.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the transaction, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at $6,737,500. This trade represents a 12.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $285.58, for a total value of $32,096,336.20. Following the completion of the sale, the director now owns 85,000 shares of the company's stock, valued at $24,274,300. This trade represents a 56.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 833,509 shares of company stock valued at $278,648,925 in the last 90 days. 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.

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