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

Garde Capital Inc. boosted its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 28.6% during 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 purchasing an additional 2,431 shares during the period. Garde Capital Inc.'s holdings in Tesla were worth $4,412,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Tesla during the 4th quarter valued at about $14,420,248,000. FMR LLC grew its position in Tesla by 40.1% during the fourth quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock worth $13,997,660,000 after buying an additional 9,920,325 shares in the last quarter. Strategic Financial Concepts LLC increased its stake in Tesla by 36,790.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 8,660,672 shares of the electric vehicle producer's stock valued at $3,497,526,000 after acquiring an additional 8,637,195 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Tesla by 4,963.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,834,707 shares of the electric vehicle producer's stock worth $2,356,288,000 after buying an additional 5,719,466 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Tesla by 21.6% during the fourth quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock valued at $11,541,592,000 after acquiring an additional 5,075,418 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $299.61, for a total transaction of $33,673,167.90. Following the sale, the director now owns 85,000 shares of the company's stock, valued at $25,466,850. This represents a 56.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 3,000 shares of the business's stock in a transaction on 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 sale, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $9,435,464.50. The trade was a 10.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 415,623 shares of company stock valued at $116,650,831 over the last quarter. Corporate insiders own 20.70% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TSLA shares. BNP Paribas set a $137.00 price target on shares of Tesla and gave the company an "underperform" rating in a research report on Wednesday, April 16th. Canaccord Genuity Group lowered their target price on Tesla from $404.00 to $303.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Wedbush restated an "outperform" rating and issued a $500.00 target price (up from $350.00) on shares of Tesla in a research note on Friday, May 23rd. Wells Fargo & Company reduced their price objective on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating for the company in a research note on Friday, March 14th. Finally, Guggenheim restated a "sell" rating and issued a $170.00 price objective on shares of Tesla in a research report on Thursday, April 24th. Ten equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $293.97.

Tesla Stock Up 1.5%

NASDAQ:TSLA traded up $5.42 during midday trading on Thursday, hitting $362.32. 54,001,029 shares of the company were exchanged, compared to its average volume of 97,550,016. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $284.09 and a 200 day simple moving average of $333.75. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54. The company has a market capitalization of $1.17 trillion, a PE ratio of 177.38, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43.

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 the consensus estimate of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The company had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same period last year, the company posted $0.45 earnings per share. As a group, equities analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Tesla Company 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.