Bordeaux Wealth Advisors LLC Increases Position in Tesla, Inc. (NASDAQ:TSLA)

Bordeaux Wealth Advisors LLC increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 25.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,941 shares of the electric vehicle producer's stock after buying an additional 7,516 shares during the quarter. Tesla comprises approximately 1.8% of Bordeaux Wealth Advisors LLC's investment portfolio, making the stock its 13th biggest holding. Bordeaux Wealth Advisors LLC's holdings in Tesla were worth $9,574,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TSLA. Wealth Group Ltd. acquired a new position in Tesla during the fourth quarter valued at $275,000. Tallon Kerry Patrick acquired a new position in Tesla during the fourth quarter valued at $374,000. Eagle Capital Management LLC acquired a new position in Tesla during the fourth quarter valued at $331,000. Brighton Jones LLC lifted its position in Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock valued at $35,509,000 after purchasing an additional 9,293 shares during the period. Finally, Revolve Wealth Partners LLC lifted its position in Tesla by 21.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock valued at $2,147,000 after purchasing an additional 931 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Down 0.7%

Shares of NASDAQ TSLA opened at $323.63 on Friday. Tesla, Inc. has a 12-month low of $182.00 and a 12-month high of $488.54. The stock has a market cap of $1.04 trillion, a PE ratio of 177.82, a P/E/G ratio of 12.10 and a beta of 2.47. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average of $314.93 and a 200 day moving average of $329.82.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) 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 business had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. During the same period in the prior year, the company posted $0.45 EPS. As a group, sell-side analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Activity

In other news, SVP Xiaotong Zhu sold 15,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total value of $4,857,150.00. Following the completion of the sale, the senior vice president now owns 67,600 shares of the company's stock, valued at $21,889,556. This represents a 18.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 1,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $350.00, for a total transaction of $350,000.00. Following the completion of the sale, the chief financial officer now directly owns 1,950 shares of the company's stock, valued at approximately $682,500. This trade represents a 33.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 833,509 shares of company stock valued at $278,648,925 in the last 90 days. Company insiders own 20.70% of the company's stock.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of research reports. Robert W. Baird restated a "neutral" rating and set a $320.00 target price on shares of Tesla in a research report on Monday, June 9th. BNP Paribas set a $137.00 price objective on shares of Tesla and gave the company an "underperform" rating in a report on Wednesday, April 16th. Baird R W cut shares of Tesla from a "strong-buy" rating to a "hold" rating in a report on Monday, June 9th. JPMorgan Chase & Co. cut their price objective on shares of Tesla from $120.00 to $115.00 and set an "underweight" rating for the company in a report on Wednesday, April 23rd. Finally, Raymond James Financial cut shares of Tesla to an "outperform" rating in a report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Tesla has a consensus rating of "Hold" and a consensus target price of $298.37.

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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