Garde Capital Inc. Purchases 2,431 Shares of Tesla, Inc. (NASDAQ:TSLA)

Garde Capital Inc. lifted its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 28.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,926 shares of the electric vehicle producer's stock after acquiring an additional 2,431 shares during the quarter. Garde Capital Inc.'s holdings in Tesla were worth $4,412,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in TSLA. True Wealth Design LLC lifted its position in Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after buying an additional 31 shares in the last quarter. Horrell Capital Management Inc. lifted its position in Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after buying an additional 34 shares in the last quarter. GS Investments Inc. lifted its position in Tesla by 193.3% in the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after buying an additional 58 shares in the last quarter. Navigoe LLC purchased a new stake in Tesla in the 4th quarter worth approximately $37,000. Finally, CoreFirst Bank & Trust purchased a new stake in Tesla in the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TSLA. Bank of America dropped their price target on shares of Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Canaccord Genuity Group dropped their price target 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. Cantor Fitzgerald dropped their price target on shares of Tesla from $425.00 to $355.00 and set an "overweight" 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 research note on Tuesday, April 22nd. Finally, Oppenheimer restated a "mixed" rating on shares of Tesla in a research note on Tuesday, March 18th. Ten investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $293.97.

Insider Transactions at Tesla

In other news, Director Robyn M. Denholm sold 112,390 shares of the firm'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 completion of the transaction, the director now directly owns 85,000 shares of the company's stock, valued at approximately $25,466,850. This trade represents a 56.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 3,000 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $350.11, for a total transaction of $1,050,330.00. Following the transaction, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at $9,435,464.50. The trade was a 10.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 415,623 shares of company stock valued at $116,650,831. Company insiders own 20.70% of the company's stock.

Tesla Stock Performance

NASDAQ TSLA traded down $5.99 during midday trading on Wednesday, hitting $356.90. The company had a trading volume of 90,072,873 shares, compared to its average volume of 97,559,466. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1.15 trillion, a price-to-earnings ratio of 174.95, a P/E/G ratio of 5.86 and a beta of 2.43. The firm has a fifty day simple moving average of $281.93 and a two-hundred day simple moving average of $333.59. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54.

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