Defender Capital LLC. Has $3.07 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Defender Capital LLC. raised its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 23.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,630 shares of the electric vehicle producer's stock after acquiring an additional 2,203 shares during the quarter. Tesla makes up approximately 1.2% of Defender Capital LLC.'s investment portfolio, making the stock its 12th largest position. Defender Capital LLC.'s holdings in Tesla were worth $3,068,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TSLA. Rinkey Investments boosted its position in shares of Tesla by 3.5% during the 4th quarter. Rinkey Investments now owns 860 shares of the electric vehicle producer's stock valued at $347,000 after purchasing an additional 29 shares in the last quarter. Bell Investment Advisors Inc boosted its holdings in shares of Tesla by 1.3% during the 4th quarter. Bell Investment Advisors Inc now owns 2,339 shares of the electric vehicle producer's stock worth $945,000 after buying an additional 30 shares in the last quarter. Pitti Group Wealth Management LLC lifted its position in shares of Tesla by 2.2% during the 4th quarter. Pitti Group Wealth Management LLC now owns 1,470 shares of the electric vehicle producer's stock valued at $594,000 after acquiring an additional 31 shares during the period. True Wealth Design LLC boosted its stake in Tesla by 79.5% during 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. Finally, Horrell Capital Management Inc. increased its stake in Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after purchasing an additional 34 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Xiaotong Zhu sold 15,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the sale, the senior vice president directly owned 67,600 shares of the company's stock, valued at approximately $21,889,556. This represents a 18.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the sale, the director directly owned 855,394 shares of the company's stock, valued at $305,632,276.20. This trade represents a 35.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 833,509 shares of company stock worth $278,648,925. 20.70% of the stock is currently owned by corporate insiders.

Tesla Trading Up 5.0%

NASDAQ:TSLA opened at $315.65 on Thursday. The company has a 50-day moving average price of $319.28 and a 200-day moving average price of $328.10. The stock has a market cap of $1.02 trillion, a price-to-earnings ratio of 173.43, a P/E/G ratio of 11.41 and a beta of 2.39. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07. 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 posted its quarterly earnings data 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 net margin of 6.66% and a return on equity of 9.02%. The firm 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 firm posted $0.45 earnings per share. Equities analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on TSLA shares. Argus reiterated a "hold" rating on shares of Tesla in a report on Monday, June 9th. Cantor Fitzgerald dropped their price target on Tesla from $425.00 to $355.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. TD Cowen raised shares of Tesla from a "hold" rating to a "buy" rating and boosted their target price for the company from $180.00 to $388.00 in a report on Friday, March 7th. Guggenheim reissued a "sell" rating and issued a $175.00 price target on shares of Tesla in a report on Monday, June 23rd. Finally, Mizuho lifted their price objective on Tesla from $325.00 to $390.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Ten research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Tesla currently has an average rating of "Hold" and an average target price of $300.64.

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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