Clarus Wealth Advisors Has $1.27 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Clarus Wealth Advisors increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 41.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,674 shares of the electric vehicle producer's stock after acquiring an additional 1,372 shares during the quarter. Clarus Wealth Advisors' holdings in Tesla were worth $1,272,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Unigestion Holding SA raised its position in shares of Tesla by 141.7% during the first quarter. Unigestion Holding SA now owns 11,356 shares of the electric vehicle producer's stock valued at $2,943,000 after buying an additional 6,658 shares during the last quarter. Juncture Wealth Strategies LLC raised its holdings in Tesla by 20.9% in the 1st quarter. Juncture Wealth Strategies LLC now owns 1,355 shares of the electric vehicle producer's stock valued at $351,000 after acquiring an additional 234 shares in the last quarter. Planned Solutions Inc. lifted its position in shares of Tesla by 17.6% in the 1st quarter. Planned Solutions Inc. now owns 1,087 shares of the electric vehicle producer's stock worth $282,000 after acquiring an additional 163 shares during the period. Capital Asset Advisory Services LLC grew its holdings in shares of Tesla by 4.8% during the 1st quarter. Capital Asset Advisory Services LLC now owns 18,577 shares of the electric vehicle producer's stock worth $5,253,000 after purchasing an additional 859 shares in the last quarter. Finally, Swisher Financial Concepts Inc. increased its position in shares of Tesla by 66.7% during the first quarter. Swisher Financial Concepts Inc. now owns 2,156 shares of the electric vehicle producer's stock valued at $559,000 after purchasing an additional 863 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total value of $170,636,475.60. Following the completion of the sale, the director now owns 855,394 shares in the company, valued at $305,632,276.20. This represents a 35.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kimbal Musk sold 91,588 shares of the firm'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 now directly owns 1,463,220 shares in the company, valued at $522,940,195.80. The trade was a 5.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 866,393 shares of company stock valued at $284,570,654 in the last ninety days. 20.70% of the stock is owned by insiders.

Tesla Trading Down 3.5%

TSLA traded down $12.22 during trading on Wednesday, reaching $332.05. 97,758,015 shares of the company's stock were exchanged, compared to its average volume of 98,217,778. The company's fifty day moving average price is $289.75 and its 200-day moving average price is $334.35. The firm has a market capitalization of $1.07 trillion, a PE ratio of 162.77, a P/E/G ratio of 5.86 and a beta of 2.47. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $22.93 billion. During the same period last year, the firm earned $0.45 earnings per share. As a group, equities analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TSLA shares. Morgan Stanley reiterated a "buy" rating and set a $430.00 price target on shares of Tesla in a research note on Tuesday, April 22nd. Cantor Fitzgerald decreased their target price on shares of Tesla from $425.00 to $355.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Robert W. Baird dropped their price target on shares of Tesla from $370.00 to $320.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Guggenheim reaffirmed a "sell" rating and set a $170.00 price objective on shares of Tesla in a report on Thursday, April 24th. Finally, Argus set a $410.00 price objective on Tesla in a research note on Thursday, April 24th. Ten research 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $293.97.

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.