Clg LLC Boosts Stake in Tesla, Inc. (NASDAQ:TSLA)

Clg LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 58.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,338 shares of the electric vehicle producer's stock after acquiring an additional 858 shares during the quarter. Clg LLC's holdings in Tesla were worth $606,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC purchased a new position in Tesla during the 4th quarter valued at about $56,600,000. Focus Financial Network Inc. grew its position in shares of Tesla by 3.1% in the first quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer's stock valued at $5,823,000 after purchasing an additional 670 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. increased its stake in shares of Tesla by 133.7% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock worth $1,150,000 after purchasing an additional 1,629 shares in the last quarter. Harvard Management Co. Inc. acquired a new position in shares of Tesla during the 4th quarter worth approximately $8,158,000. Finally, Blackston Financial Advisory Group LLC raised its position in shares of Tesla by 40.4% during the 1st quarter. Blackston Financial Advisory Group LLC now owns 3,040 shares of the electric vehicle producer's stock worth $788,000 after purchasing an additional 874 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on TSLA. Roth Mkm decreased their price objective on Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Oppenheimer reiterated a "mixed" rating on shares of Tesla in a report on Tuesday, March 18th. Glj Research reissued a "sell" rating and set a $19.05 price objective (down previously from $24.86) on shares of Tesla in a research note on Monday, April 21st. JPMorgan Chase & Co. decreased their target price on shares of Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Wedbush set a $500.00 price target on Tesla in a report on Thursday, June 5th. Ten research 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 data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $293.67.

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the sale, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $6,737,500. This trade represents a 12.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kimbal Musk sold 91,588 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the transaction, the director now directly owns 1,463,220 shares of the company's stock, valued at approximately $522,940,195.80. This trade represents a 5.89% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 833,509 shares of company stock valued at $278,648,925. 20.70% of the stock is currently owned by insiders.

Tesla Stock Performance

Shares of TSLA stock opened at $322.05 on Friday. The stock has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 176.95, a PEG ratio of 12.04 and a beta of 2.47. Tesla, Inc. has a one year low of $179.66 and a one year high of $488.54. The company's 50-day simple moving average is $304.81 and its 200-day simple moving average is $332.35. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). The firm had revenue of $19.34 billion during the quarter, compared to analyst estimates 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 business posted $0.45 EPS. Equities analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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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