Breakthru Advisory Services LLC Invests $636,000 in Tesla, Inc. (NASDAQ:TSLA)

Breakthru Advisory Services LLC purchased a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,575 shares of the electric vehicle producer's stock, valued at approximately $636,000. Tesla makes up 0.6% of Breakthru Advisory Services LLC's portfolio, making the stock its 22nd biggest holding.

A number of other large investors also recently bought and sold shares of the business. Wealth Group Ltd. purchased a new position in Tesla during the fourth quarter valued at $275,000. Comprehensive Financial Planning Inc. PA bought a new position in shares of Tesla during the fourth quarter valued at $1,361,000. Tallon Kerry Patrick purchased a new position in shares of Tesla in the 4th quarter worth about $374,000. Flower City Capital raised its position in shares of Tesla by 15.2% in the 4th quarter. Flower City Capital now owns 961 shares of the electric vehicle producer's stock worth $388,000 after purchasing an additional 127 shares during the last quarter. Finally, McCarthy & Cox bought a new position in Tesla in the 4th quarter worth about $269,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Trading Up 1.9%

NASDAQ:TSLA opened at $341.04 on Friday. Tesla, Inc. has a one year low of $167.41 and a one year high of $488.54. The business has a fifty day moving average price of $275.05 and a 200-day moving average price of $332.09. The firm has a market capitalization of $1.10 trillion, a price-to-earnings ratio of 167.18, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

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). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The company had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. During the same quarter in the previous year, the company earned $0.45 EPS. Sell-side analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $350.11, for a total value of $1,050,330.00. Following the completion of the sale, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at $9,435,464.50. This represents a 10.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the sale, the director now owns 85,000 shares in the company, valued at $25,466,850. 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 ninety days, insiders sold 415,623 shares of company stock valued at $116,650,831. 20.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Royal Bank of Canada reduced their price objective on shares of Tesla from $314.00 to $307.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. TD Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating and increased their price target for the company from $180.00 to $388.00 in a report on Friday, March 7th. Argus set a $410.00 price objective on shares of Tesla in a report on Thursday, April 24th. Wall Street Zen cut Tesla from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company reduced their target price on Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a report on Friday, March 14th. Ten analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $289.43.

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.

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