Tesla, Inc. (NASDAQ:TSLA) is Brio Consultants LLC's 10th Largest Position

Key Points

• Brio Consultants LLC increased its stake in Tesla by a staggering 2,649.0%, acquiring an additional 19,947 shares during the first quarter, bringing its total holdings to 20,700 shares valued at $5,365,000.
• Insider transactions saw Kimbal Musk and Ira Matthew Ehrenpreis selling a combined total of over 569,000 shares, significantly reducing their ownership positions by 5.89% and 35.83% respectively.
• Analysts have mixed opinions on Tesla's stock, with the majority rating it as a "hold", while the average price target stands at $302.75, reflecting various adjustments from firms like Goldman Sachs and Guggenheim.

Brio Consultants LLC raised its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2,649.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,700 shares of the electric vehicle producer's stock after purchasing an additional 19,947 shares during the quarter. Tesla accounts for about 2.0% of Brio Consultants LLC's holdings, making the stock its 10th biggest holding. Brio Consultants LLC's holdings in Tesla were worth $5,365,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TSLA. Eagle Capital Management LLC bought a new position in shares of Tesla during the fourth quarter worth about $331,000. Brighton Jones LLC grew its stake in Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after purchasing an additional 9,293 shares during the period. Revolve Wealth Partners LLC grew its stake 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 worth $2,147,000 after purchasing an additional 931 shares during the period. Mascagni Wealth Management Inc. acquired a new stake in Tesla during the fourth quarter worth approximately $346,000. Finally, Highview Capital Management LLC DE acquired a new stake in Tesla during the fourth quarter worth approximately $2,367,000. 66.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Canaccord Genuity Group raised their target price on Tesla from $303.00 to $333.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Royal Bank Of Canada reaffirmed an "overweight" rating on shares of Tesla in a research note on Tuesday. Truist Financial set a $280.00 target price on Tesla in a research note on Tuesday, April 22nd. BNP Paribas set a $137.00 price objective on Tesla and gave the company an "underperform" rating in a research note on Wednesday, April 16th. Finally, Cantor Fitzgerald reduced their price objective on Tesla from $425.00 to $355.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Ten research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $303.31.

Tesla Trading Down 1.4%

TSLA stock traded down $4.25 during trading on Friday, hitting $304.02. 68,494,559 shares of the company traded hands, compared to its average volume of 107,762,578. The firm has a market capitalization of $980.59 billion, a PE ratio of 175.82, a P/E/G ratio of 11.21 and a beta of 2.39. Tesla, Inc. has a 1 year low of $182.00 and a 1 year high of $488.54. The company has a 50-day moving average of $322.96 and a 200-day moving average of $312.48. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The business had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%. Tesla's quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 earnings per share. Analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In other Tesla news, Director Kimbal Musk sold 91,588 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $357.39, for a total value of $32,732,635.32. Following the sale, the director directly owned 1,463,220 shares of the company's stock, valued at approximately $522,940,195.80. The trade was a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 2,000 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the sale, the chief financial officer directly owned 5,924 shares in the company, valued at $1,777,200. This trade represents a 25.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 719,119 shares of company stock valued at $246,186,549 in the last three months. Company insiders own 20.70% of the company's stock.

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.