Foster Group Inc. Grows Position in Tesla, Inc. (NASDAQ:TSLA)

Foster Group Inc. grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 22.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,226 shares of the electric vehicle producer's stock after purchasing an additional 1,123 shares during the period. Foster Group Inc.'s holdings in Tesla were worth $1,614,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vista Finance LLC raised its position in shares of Tesla by 0.7% during the 4th quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock worth $1,417,000 after purchasing an additional 25 shares during the period. Jmac Enterprises LLC grew its stake in 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 buying an additional 26 shares during the last quarter. TFB Advisors LLC increased its position in Tesla by 0.5% in the fourth quarter. TFB Advisors LLC now owns 5,213 shares of the electric vehicle producer's stock worth $2,105,000 after buying an additional 27 shares during the period. Vista Capital Partners Inc. lifted its stake in Tesla by 1.4% in the fourth 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 last quarter. Finally, Blackston Financial Advisory Group LLC boosted its holdings 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 period. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 1,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $350.00, for a total value of $350,000.00. Following the transaction, the chief financial officer now owns 1,950 shares in the company, valued at $682,500. This represents a 33.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James R. Murdoch sold 54,776 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the sale, the director now owns 477,011 shares of the company's stock, valued at approximately $114,859,478.69. This represents a 10.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 870,721 shares of company stock valued at $286,248,728. Corporate insiders own 20.70% of the company's stock.

Tesla Stock Down 14.3%

Shares of NASDAQ:TSLA opened at $284.68 on Friday. The firm has a 50 day simple moving average of $291.63 and a 200 day simple moving average of $333.97. Tesla, Inc. has a 52 week low of $167.41 and a 52 week high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The company has a market cap of $916.94 billion, a PE ratio of 139.55, a price-to-earnings-growth ratio of 5.86 and a beta of 2.47.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results 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 business 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 company earned $0.45 EPS. As a group, research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TSLA. Robert W. Baird cut their price objective on shares of Tesla from $370.00 to $320.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research note on Wednesday, April 23rd. Benchmark reiterated a "buy" rating and set a $350.00 price objective on shares of Tesla in a research report on Wednesday, April 23rd. Oppenheimer restated a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. Finally, Canaccord Genuity Group reduced their price target on Tesla from $404.00 to $303.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Ten investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one 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 a consensus rating of "Hold" and a consensus price target of $293.97.

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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