Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Avanza Fonder AB

Avanza Fonder AB raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 254,266 shares of the electric vehicle producer's stock after purchasing an additional 9,225 shares during the period. Tesla makes up approximately 2.4% of Avanza Fonder AB's portfolio, making the stock its 6th biggest holding. Avanza Fonder AB's holdings in Tesla were worth $71,896,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TSLA. True Wealth Design LLC grew its position in Tesla by 79.5% in the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after acquiring an additional 31 shares in the last quarter. Horrell Capital Management Inc. lifted its position in shares of Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after purchasing an additional 34 shares during the period. GS Investments Inc. grew its holdings in shares of Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after acquiring an additional 58 shares during the period. Navigoe LLC bought a new position in Tesla in the fourth quarter worth $37,000. Finally, CoreFirst Bank & Trust bought a new stake in Tesla during the fourth quarter worth about $38,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TSLA shares. Argus restated a "hold" rating on shares of Tesla in a research note on Monday. JPMorgan Chase & Co. decreased their price objective on Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a report on Wednesday, April 23rd. Bank of America reduced their target price on shares of Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Benchmark reiterated a "buy" rating and issued a $350.00 target price on shares of Tesla in a report on Wednesday, April 23rd. Finally, Cantor Fitzgerald decreased their price target on shares of Tesla from $425.00 to $355.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $293.67.

Insider Buying and Selling

In related news, Director Joseph Gebbia acquired 4,000 shares of the stock in a transaction on Thursday, April 24th. The shares were bought 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 of the company's stock, valued at approximately $1,053,690.41. This represents a 3,603.60% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the transaction, the director now directly owns 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 have sold 818,509 shares of company stock valued at $273,791,775 in the last ninety days. 20.70% of the stock is owned by company insiders.

Tesla Stock Up 0.1%

Shares of NASDAQ:TSLA traded up $0.34 during trading on Wednesday, reaching $326.43. 121,649,309 shares of the stock traded hands, compared to its average volume of 100,661,913. The stock has a market cap of $1.05 trillion, a P/E ratio of 160.02, a price-to-earnings-growth ratio of 5.86 and a beta of 2.47. The stock has a 50-day moving average of $293.86 and a two-hundred day moving average of $333.15. Tesla, Inc. has a 52-week low of $169.80 and a 52-week high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

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). The business had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same period in the prior year, the company posted $0.45 earnings per share. As a group, sell-side analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.