3,800 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by Consolidated Investment Group LLC

Consolidated Investment Group LLC purchased a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,800 shares of the electric vehicle producer's stock, valued at approximately $985,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC raised its position in Tesla by 79.5% in the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after acquiring an additional 31 shares in the last quarter. Horrell Capital Management Inc. raised its holdings in Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after buying an additional 34 shares during the period. GS Investments Inc. raised its holdings in Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after buying an additional 58 shares during the period. Navigoe LLC acquired a new stake in Tesla during the 4th quarter worth about $37,000. Finally, CoreFirst Bank & Trust acquired a new stake in Tesla during the 4th quarter worth about $38,000. 66.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Guggenheim restated a "sell" rating and set a $175.00 price objective on shares of Tesla in a report on Monday. Cfra Research downgraded Tesla from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Wells Fargo & Company cut their price objective on Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a report on Friday, March 14th. Needham & Company LLC restated a "hold" rating on shares of Tesla in a report on Wednesday, April 23rd. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $410.00 target price on shares of Tesla in a report on Friday, June 6th. Ten equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $294.58.

Insider Activity

In other news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was 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 directly owns 855,394 shares of the company's stock, valued at approximately $305,632,276.20. This represents a 35.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 1,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the completion of the sale, the chief financial officer now directly owns 1,950 shares of the company's stock, valued at $682,500. This represents a 33.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 833,509 shares of company stock valued at $278,648,925. 20.70% of the stock is owned by company insiders.

Tesla Stock Performance

Tesla stock traded down $12.92 during trading hours on Wednesday, reaching $327.55. 119,381,653 shares of the company were exchanged, compared to its average volume of 101,945,226. The firm has a market cap of $1.06 trillion, a price-to-earnings ratio of 179.97, a PEG ratio of 12.73 and a beta of 2.47. 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 moving average of $309.87 and a 200 day moving average of $331.48. 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 announced its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a return on equity of 9.02% and a net margin of 6.66%. The company had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same period in the previous year, the company earned $0.45 EPS. As a group, research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Tesla 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.