954 Shares in Tesla, Inc. (NASDAQ:TSLA) Purchased by BlueChip Wealth Advisors LLC

BlueChip Wealth Advisors LLC purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 954 shares of the electric vehicle producer's stock, valued at approximately $247,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. True Wealth Design LLC lifted 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 valued at $28,000 after buying an additional 31 shares during the last quarter. Horrell Capital Management Inc. increased its stake in shares of Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after buying an additional 34 shares during the period. Navigoe LLC acquired a new position in Tesla in the fourth quarter valued at approximately $37,000. CoreFirst Bank & Trust acquired a new position in Tesla in the fourth quarter valued at approximately $38,000. Finally, Cherry Tree Wealth Management LLC boosted its holdings in Tesla by 86.3% in the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after purchasing an additional 44 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Wall Street Analysts Forecast Growth

TSLA has been the subject of several research analyst reports. HSBC reissued a "reduce" rating and issued a $120.00 price objective on shares of Tesla in a report on Thursday, July 3rd. Cantor Fitzgerald set a $355.00 price objective on Tesla and gave the stock an "overweight" rating in a research report on Monday. Barclays dropped their price target on Tesla from $325.00 to $275.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Stifel Nicolaus set a $450.00 price target on Tesla and gave the company a "buy" rating in a research report on Thursday, April 24th. Finally, Robert W. Baird restated a "neutral" rating and issued a $320.00 price target on shares of Tesla in a report on Monday, June 9th. Ten equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $298.97.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 6,000 shares of the firm's stock in a transaction on 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 of the company's stock, valued at approximately $664,989. This trade represents a 75.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 112,395 shares of Tesla stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $274.12, for a total value of $30,809,717.40. Following the transaction, the director directly owned 85,000 shares in the company, 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. In the last three months, insiders sold 835,509 shares of company stock valued at $279,420,485. 20.70% of the stock is owned by corporate insiders.

Tesla Stock Performance

NASDAQ TSLA traded up $3.62 during trading hours on Tuesday, hitting $332.11. The company had a trading volume of 76,939,359 shares, compared to its average volume of 98,741,935. Tesla, Inc. has a fifty-two week low of $182.00 and a fifty-two week high of $488.54. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of $326.27 and a 200-day simple moving average of $316.26. The firm has a market cap of $1.07 trillion, a P/E ratio of 182.48, a price-to-earnings-growth ratio of 12.52 and a beta of 2.39.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly 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 analyst estimates of $22.93 billion. Tesla had a net margin of 6.66% and a return on equity of 9.02%. During the same period last year, the business posted $0.45 earnings per share. Equities analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

About Tesla

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.