Doliver Advisors LP Acquires 1,579 Shares of Tesla, Inc. (NASDAQ:TSLA)

Doliver Advisors LP increased its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 102.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,124 shares of the electric vehicle producer's stock after buying an additional 1,579 shares during the period. Doliver Advisors LP's holdings in Tesla were worth $810,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Tesla by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 243,193,181 shares of the electric vehicle producer's stock worth $98,211,134,000 after buying an additional 3,571,793 shares during the period. Geode Capital Management LLC boosted its holdings in Tesla by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 61,011,604 shares of the electric vehicle producer's stock valued at $24,566,217,000 after purchasing an additional 1,655,203 shares during the period. Norges Bank bought a new position in Tesla in the 4th quarter valued at $14,420,248,000. FMR LLC boosted its holdings in Tesla by 40.1% in the 4th quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock valued at $13,997,660,000 after purchasing an additional 9,920,325 shares during the period. Finally, Northern Trust Corp boosted its holdings in Tesla by 21.6% in the 4th quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock valued at $11,541,592,000 after purchasing an additional 5,075,418 shares during the period. 66.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,672 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $268.73, for a total transaction of $718,046.56. Following the transaction, the chief financial officer now owns 26,950 shares in the company, valued at $7,242,273.50. The trade was a 9.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the transaction, the director now owns 85,000 shares in the company, valued at $25,466,850. This represents a 56.94% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 984,783 shares of company stock worth $320,019,942. 20.70% of the stock is currently owned by company insiders.

Tesla Trading Down 2.6%

Shares of TSLA stock traded down $9.34 during mid-day trading on Friday, reaching $349.09. The stock had a trading volume of 122,996,137 shares, compared to its average volume of 98,157,709. The stock's 50-day moving average price is $286.92 and its two-hundred day moving average price is $333.97. Tesla, Inc. has a 52-week low of $167.41 and a 52-week high of $488.54. The firm has a market capitalization of $1.12 trillion, a PE ratio of 171.12, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. 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 (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data 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 net margin of 7.26% and a return on equity of 10.31%. The firm had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. During the same quarter in the previous year, the firm posted $0.45 EPS. Equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

TSLA has been the subject of several analyst reports. Wedbush reissued an "outperform" rating and issued a $500.00 price target (up from $350.00) on shares of Tesla in a report on Friday, May 23rd. Oppenheimer reissued a "mixed" rating on shares of Tesla in a report on Tuesday, March 18th. The Goldman Sachs Group reissued a "neutral" rating on shares of Tesla in a report on Tuesday, April 22nd. BNP Paribas set a $137.00 price target on shares of Tesla and gave the company an "underperform" rating in a report on Wednesday, April 16th. Finally, Guggenheim reaffirmed a "sell" rating and set a $170.00 price objective on shares of Tesla in a report on Thursday, April 24th. Ten research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Tesla has a consensus rating of "Hold" and a consensus target price of $293.97.

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.