Friday Financial Purchases 1,973 Shares of Tesla, Inc. (NASDAQ:TSLA)

Friday Financial raised its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 116.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,662 shares of the electric vehicle producer's stock after acquiring an additional 1,973 shares during the quarter. Tesla makes up 0.6% of Friday Financial's portfolio, making the stock its 27th biggest holding. Friday Financial's holdings in Tesla were worth $1,035,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TSLA. Susquehanna Fundamental Investments LLC bought a new position in shares of Tesla in the fourth quarter worth about $56,600,000. Means Investment CO. Inc. raised its stake in shares of Tesla by 37.7% in the first quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer's stock worth $5,984,000 after buying an additional 6,323 shares during the period. Focus Financial Network Inc. grew its position in shares of Tesla by 3.1% during the first quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer's stock worth $5,823,000 after purchasing an additional 670 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. grew its position in shares of Tesla by 133.7% during the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock worth $1,150,000 after purchasing an additional 1,629 shares in the last quarter. Finally, Harvard Management Co. Inc. purchased a new stake in shares of Tesla during the fourth quarter worth about $8,158,000. Institutional investors own 66.20% of the company's stock.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 15,000 shares of Tesla stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the completion of the sale, the senior vice president now directly owns 67,600 shares of the company's stock, valued at $21,889,556. The trade was a 18.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction on Monday, April 7th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the transaction, the chief financial officer now owns 26,950 shares in the company, valued at $6,737,500. This represents a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 833,509 shares of company stock valued at $278,648,925 in the last ninety days. Corporate insiders own 20.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TSLA. Raymond James Financial cut Tesla to an "outperform" rating in a research report on Tuesday, April 22nd. Royal Bank Of Canada cut their target price on Tesla from $314.00 to $307.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Benchmark reiterated a "buy" rating and set a $350.00 target price on shares of Tesla in a research report on Wednesday, April 23rd. Bank of America cut their target price on Tesla from $490.00 to $380.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Finally, Robert W. Baird restated a "neutral" rating and set a $320.00 price target on shares of Tesla in a report on Monday, June 9th. 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, Tesla presently has an average rating of "Hold" and a consensus target price of $293.67.

Tesla Price Performance

Shares of TSLA stock opened at $322.16 on Monday. Tesla, Inc. has a 52-week low of $182.00 and a 52-week high of $488.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00. The firm has a market capitalization of $1.04 trillion, a P/E ratio of 177.01, a P/E/G ratio of 12.05 and a beta of 2.47. The stock has a 50 day moving average price of $306.22 and a 200 day moving average price of $331.70.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly 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 return on equity of 9.02% and a net margin of 6.66%. The business had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same period in the prior year, the business posted $0.45 earnings per share. As a group, sell-side analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

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.

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