Consolidated Investment Group LLC Takes Position in Tesla, Inc. (NASDAQ:TSLA)

Consolidated Investment Group LLC purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,800 shares of the electric vehicle producer's stock, valued at approximately $985,000.

Several other institutional investors also recently bought and sold shares of the stock. Vista Capital Partners Inc. raised its holdings in Tesla by 1.4% during the fourth quarter. Vista Capital Partners Inc. now owns 1,969 shares of the electric vehicle producer's stock valued at $795,000 after buying an additional 27 shares in the last quarter. Blackston Financial Advisory Group LLC raised its stake 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 acquiring an additional 27 shares in the last quarter. Kooman & Associates raised its stake 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 acquiring an additional 28 shares in the last quarter. Rinkey Investments raised its stake 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 acquiring an additional 29 shares in the last quarter. Finally, New England Capital Financial Advisors LLC raised its position in shares of Tesla by 2.6% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,195 shares of the electric vehicle producer's stock valued at $483,000 after purchasing an additional 30 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Tesla Price Performance

NASDAQ:TSLA traded up $0.11 during trading hours on Friday, reaching $322.16. The company had a trading volume of 108,229,033 shares, compared to its average volume of 101,151,146. The stock has a 50-day moving average of $306.22 and a two-hundred day moving average of $331.96. Tesla, Inc. has a one year low of $182.00 and a one year high of $488.54. The firm has a market capitalization of $1.04 trillion, a PE ratio of 177.01, a PEG ratio of 12.05 and a beta of 2.47. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 9.02% and a net margin of 6.66%. The firm had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. During the same period in the previous year, the company posted $0.45 EPS. Analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analyst Weigh In

TSLA has been the topic of a number of recent analyst reports. Argus reissued a "hold" rating on shares of Tesla in a research report on Monday, June 9th. Guggenheim reiterated a "sell" rating on shares of Tesla in a report on Friday, June 13th. UBS Group dropped their price objective on Tesla from $225.00 to $190.00 and set a "sell" rating on the stock in a research note on Thursday, April 10th. HSBC dropped their price objective on Tesla from $165.00 to $130.00 and set a "reduce" rating on the stock in a research note on Thursday, March 27th. Finally, Royal Bank Of Canada dropped their price target on Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $293.67.

Insiders Place Their Bets

In related news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $285.58, for a total transaction of $32,096,336.20. Following the sale, the director now directly owns 85,000 shares in the company, valued at $24,274,300. This represents a 56.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 1,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $350.00, for a total value of $350,000.00. Following the sale, the chief financial officer now owns 1,950 shares in the company, valued at $682,500. The trade was a 33.90% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 833,509 shares of company stock valued at $278,648,925. 20.70% of the stock is currently owned by 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.