Fiduciary Alliance LLC Boosts Holdings in Tesla, Inc. (NASDAQ:TSLA)

Fiduciary Alliance LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 15.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,700 shares of the electric vehicle producer's stock after purchasing an additional 2,617 shares during the quarter. Fiduciary Alliance LLC's holdings in Tesla were worth $5,105,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. Vista Finance LLC increased its stake in Tesla by 0.7% during the fourth quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock worth $1,417,000 after acquiring an additional 25 shares during the last quarter. Jmac Enterprises LLC increased its position in shares of Tesla by 0.7% during the 4th quarter. Jmac Enterprises LLC now owns 3,884 shares of the electric vehicle producer's stock worth $1,569,000 after purchasing an additional 26 shares during the last quarter. TFB Advisors LLC raised its holdings in 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. boosted its stake in Tesla by 1.4% during the fourth quarter. Vista Capital Partners Inc. now owns 1,969 shares of the electric vehicle producer's stock worth $795,000 after buying an additional 27 shares during the period. Finally, Blackston Financial Advisory Group LLC increased its position in shares of Tesla by 1.3% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 2,166 shares of the electric vehicle producer's stock valued at $875,000 after acquiring an additional 27 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Price Performance

Tesla stock traded down $17.42 during midday trading on Thursday, reaching $314.63. 79,711,313 shares of the company were exchanged, compared to its average volume of 98,325,665. The firm's 50-day simple moving average is $291.12 and its 200-day simple moving average is $334.34. Tesla, Inc. has a 1 year low of $167.41 and a 1 year high of $488.54. The company has a market capitalization of $1.01 trillion, a price-to-earnings ratio of 154.23, a P/E/G ratio of 5.86 and a beta of 2.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

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 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 analyst estimates of $22.93 billion. During the same period in the prior year, the firm earned $0.45 EPS. On average, analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Transactions at Tesla

In related news, Director James R. Murdoch sold 54,776 shares of Tesla stock in a transaction on 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total value of $170,636,475.60. Following the sale, the director now directly owns 855,394 shares of the company's stock, valued at approximately $305,632,276.20. This trade represents a 35.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 870,721 shares of company stock worth $286,248,728 over the last quarter. 20.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 23rd. UBS Group lowered their price objective on shares of Tesla from $225.00 to $190.00 and set a "sell" rating for the company in a research note on Thursday, April 10th. Canaccord Genuity Group cut their target price on shares of Tesla from $404.00 to $303.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Cfra Research lowered shares of Tesla from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Finally, TD Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating and boosted their price target for the stock from $180.00 to $388.00 in a research note on Friday, March 7th. Ten research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average 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.