Cambridge Investment Research Advisors Inc. Grows Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Cambridge Investment Research Advisors Inc. raised its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 507,637 shares of the electric vehicle producer's stock after purchasing an additional 5,739 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Tesla were worth $131,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vista Capital Partners Inc. raised its holdings in Tesla by 1.4% in the fourth quarter. Vista Capital Partners Inc. now owns 1,969 shares of the electric vehicle producer's stock valued at $795,000 after acquiring an additional 27 shares in the last quarter. Blackston Financial Advisory Group LLC increased its position in shares of Tesla by 1.3% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 2,166 shares of the electric vehicle producer's stock valued at $875,000 after purchasing an additional 27 shares during the last quarter. Kooman & Associates raised its holdings in shares of Tesla by 2.4% in the 4th quarter. Kooman & Associates now owns 1,188 shares of the electric vehicle producer's stock valued at $480,000 after purchasing an additional 28 shares in the last quarter. Rinkey Investments raised its holdings in shares of Tesla by 3.5% in the 4th quarter. Rinkey Investments now owns 860 shares of the electric vehicle producer's stock valued at $347,000 after purchasing an additional 29 shares in the last quarter. Finally, New England Capital Financial Advisors LLC lifted its position in shares of Tesla by 2.6% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,195 shares of the electric vehicle producer's stock worth $483,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Stock Performance

Shares of TSLA stock opened at $322.16 on Monday. 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 stock has a 50 day simple moving average of $306.22 and a 200-day simple moving average of $331.70. The company has a market cap of $1.04 trillion, a price-to-earnings ratio of 177.01, a price-to-earnings-growth ratio of 12.05 and a beta of 2.47. Tesla, Inc. has a 12-month low of $182.00 and a 12-month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last released 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). The business had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a return on equity of 9.02% and a net margin of 6.66%. During the same quarter in the previous year, the company posted $0.45 EPS. On average, equities analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TSLA. Royal Bank Of Canada cut their price target on Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. BNP Paribas set a $137.00 target price on Tesla and gave the stock an "underperform" rating in a research report on Wednesday, April 16th. Wedbush reaffirmed an "outperform" rating and issued a $500.00 price target on shares of Tesla in a report on Friday. Benchmark reiterated a "buy" rating and issued a $350.00 price target on shares of Tesla in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company cut their price objective on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a report on Friday, March 14th. Ten equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tesla has an average rating of "Hold" and an average target price of $293.67.

Insider Activity

In related news, SVP Xiaotong Zhu sold 15,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $323.81, for a total value of $4,857,150.00. Following the sale, the senior vice president now owns 67,600 shares in the company, valued at $21,889,556. This represents a 18.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction that occurred 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 directly owns 26,950 shares of the company's stock, valued at $6,737,500. The trade was a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 833,509 shares of company stock worth $278,648,925 in the last 90 days. 20.70% of the stock is currently owned by corporate insiders.

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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