Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Czech National Bank

Czech National Bank boosted its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 6.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 642,596 shares of the electric vehicle producer's stock after purchasing an additional 37,192 shares during the quarter. Tesla accounts for about 1.5% of Czech National Bank's portfolio, making the stock its 10th largest holding. Czech National Bank's holdings in Tesla were worth $166,535,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Wealth Group Ltd. bought a new stake in shares of Tesla during the 4th quarter valued at approximately $275,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Tesla in the 4th quarter worth approximately $1,361,000. Tallon Kerry Patrick acquired a new position in shares of Tesla during the 4th quarter valued at $374,000. Eagle Capital Management LLC acquired a new position in shares of Tesla during the 4th quarter valued at $331,000. Finally, Brighton Jones LLC raised its holdings in Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after buying an additional 9,293 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Activity at Tesla

In related news, Director Kimbal Musk sold 91,588 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 1,463,220 shares in the company, valued at $522,940,195.80. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James R. Murdoch sold 54,776 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $240.79, for a total value of $13,189,513.04. Following the transaction, the director now owns 477,011 shares in the company, valued at approximately $114,859,478.69. This trade represents a 10.30% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 866,393 shares of company stock worth $284,570,654. 20.70% of the stock is owned by corporate insiders.

Tesla Stock Down 1.1%

NASDAQ:TSLA traded down $3.77 on Monday, hitting $342.69. 81,499,066 shares of the company's stock traded hands, compared to its average volume of 98,086,870. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 1 year low of $167.41 and a 1 year high of $488.54. The firm has a 50-day moving average price of $286.92 and a 200-day moving average price of $334.13. The company has a market cap of $1.10 trillion, a PE ratio of 167.99, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43.

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 10.31% and a net margin of 7.26%. The company had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same quarter last year, the firm posted $0.45 earnings per share. Equities analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TSLA. Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Benchmark reaffirmed a "buy" rating and issued a $350.00 target price on shares of Tesla in a research note on Wednesday, April 23rd. The Goldman Sachs Group reiterated a "neutral" rating on shares of Tesla in a research report on Tuesday, April 22nd. Raymond James cut shares of Tesla to an "outperform" rating in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company cut their price target 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 investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $293.97.

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.