Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Bellecapital International Ltd.

Bellecapital International Ltd. grew its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 173.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,324 shares of the electric vehicle producer's stock after purchasing an additional 2,741 shares during the quarter. Bellecapital International Ltd.'s holdings in Tesla were worth $1,121,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in TSLA. True Wealth Design LLC raised its position in Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 31 shares in the last quarter. Horrell Capital Management Inc. raised its holdings 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 valued at $32,000 after purchasing an additional 34 shares in the last quarter. GS Investments Inc. lifted its position 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 purchasing an additional 58 shares during the last quarter. Navigoe LLC acquired a new stake in Tesla in the fourth quarter valued at $37,000. Finally, CoreFirst Bank & Trust purchased a new position in shares of Tesla in the 4th quarter valued at about $38,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Robyn M. Denholm sold 112,390 shares of the firm'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 transaction of $32,096,336.20. Following the sale, the director now owns 85,000 shares in the company, valued at approximately $24,274,300. This trade represents a 56.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction 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 completion of the transaction, the chief financial officer now owns 26,950 shares of the company's stock, valued at $6,737,500. This trade represents a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 818,509 shares of company stock worth $273,791,775 over the last ninety days. 20.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TSLA has been the subject of several recent analyst reports. Mizuho boosted their target price on Tesla from $325.00 to $390.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. UBS Group reduced their price objective on shares of Tesla from $225.00 to $190.00 and set a "sell" rating for the company in a research report on Thursday, April 10th. Benchmark reiterated a "buy" rating and set a $350.00 price target on shares of Tesla in a research note on Wednesday, April 23rd. Truist Financial set a $280.00 price objective on shares of Tesla in a research note on Tuesday, April 22nd. Finally, TD Cowen raised Tesla from a "hold" rating to a "buy" rating and raised their price objective for the stock from $180.00 to $388.00 in a report on Friday, March 7th. Ten equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Tesla currently has a consensus rating of "Hold" and an average price target of $293.67.

Tesla Price Performance

Shares of TSLA stock traded up $6.33 during midday trading on Friday, reaching $325.44. 120,681,102 shares of the company traded hands, compared to its average volume of 100,829,513. The firm has a market cap of $1.05 trillion, a PE ratio of 159.53, a price-to-earnings-growth ratio of 5.86 and a beta of 2.47. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The firm's 50 day simple moving average is $297.32 and its two-hundred day simple moving average is $332.97. Tesla, Inc. has a 1-year low of $176.92 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted 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 firm had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same quarter in the previous year, the firm posted $0.45 earnings per share. On average, equities research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.