Dynamic Advisor Solutions LLC Makes New Investment in Tesla, Inc. (NASDAQ:TSLA)

Dynamic Advisor Solutions LLC acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 87,447 shares of the electric vehicle producer's stock, valued at approximately $22,663,000. Tesla makes up approximately 0.7% of Dynamic Advisor Solutions LLC's portfolio, making the stock its 29th largest holding.

Several other large investors also recently bought and sold shares of TSLA. Vista Finance LLC grew its stake in shares of Tesla by 0.7% in the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock valued at $1,417,000 after buying an additional 25 shares during the period. Jmac Enterprises LLC grew its stake in shares of Tesla by 0.7% in the 4th quarter. Jmac Enterprises LLC now owns 3,884 shares of the electric vehicle producer's stock valued at $1,569,000 after buying an additional 26 shares during the period. TFB Advisors LLC grew its stake in shares of Tesla by 0.5% in the 4th quarter. TFB Advisors LLC now owns 5,213 shares of the electric vehicle producer's stock valued at $2,105,000 after buying an additional 27 shares during the period. Vista Capital Partners Inc. grew its stake in shares of Tesla by 1.4% in the 4th 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 during the period. Finally, Blackston Financial Advisory Group LLC lifted its holdings 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 worth $875,000 after acquiring an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,564 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $285.71, for a total value of $732,560.44. Following the transaction, the chief financial officer now directly owns 5,924 shares of the company's stock, valued at $1,692,546.04. This trade represents a 30.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kimbal Musk sold 91,588 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the transaction, the director now directly owns 1,463,220 shares in the company, valued at $522,940,195.80. The trade was a 5.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 818,509 shares of company stock valued at $273,791,775 in the last ninety days. Insiders own 20.70% of the company's stock.

Tesla Stock Up 1.9%

Shares of TSLA traded up $6.20 during midday trading on Friday, reaching $325.31. The stock had a trading volume of 128,417,075 shares, compared to its average volume of 100,836,055. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The company's fifty day simple moving average is $299.39 and its two-hundred day simple moving average is $332.88. The company has a market cap of $1.05 trillion, a price-to-earnings ratio of 159.47, a PEG ratio of 5.86 and a beta of 2.47. Tesla, Inc. has a 1-year low of $177.00 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The company had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same period last year, the business earned $0.45 earnings per share. Equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Baird R W lowered shares of Tesla from a "strong-buy" rating to a "hold" rating in a report on Monday, June 9th. Robert W. Baird restated a "neutral" rating and issued a $320.00 price objective on shares of Tesla in a report on Monday, June 9th. Wells Fargo & Company decreased their price objective 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. Benchmark restated a "buy" rating and issued a $350.00 price objective on shares of Tesla in a report on Wednesday, April 23rd. Finally, Morgan Stanley restated an "overweight" rating and issued a $410.00 price objective on shares of Tesla in a report on Friday, June 6th. Ten research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $293.67.

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.