Kercheville Advisors LLC Has $2.72 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Kercheville Advisors LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 13.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,487 shares of the electric vehicle producer's stock after buying an additional 1,267 shares during the quarter. Tesla accounts for approximately 1.1% of Kercheville Advisors LLC's holdings, making the stock its 26th biggest holding. Kercheville Advisors LLC's holdings in Tesla were worth $2,718,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. True Wealth Design LLC raised its stake in shares of Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after buying an additional 31 shares in the last quarter. Horrell Capital Management Inc. raised its stake in shares of Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after buying an additional 34 shares in the last quarter. Pflug Koory LLC raised its stake in shares of Tesla by 370.4% in the 1st quarter. Pflug Koory LLC now owns 127 shares of the electric vehicle producer's stock valued at $33,000 after buying an additional 100 shares in the last quarter. GS Investments Inc. raised its stake in shares of Tesla by 193.3% in the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after buying an additional 58 shares in the last quarter. Finally, Navigoe LLC acquired a new position in shares of Tesla in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Tesla in a report on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their target price on shares of Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a report on Wednesday, April 23rd. Mizuho upped their target price on shares of Tesla from $325.00 to $390.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Piper Sandler reaffirmed an "overweight" rating and issued a $400.00 target price on shares of Tesla in a report on Tuesday, June 10th. Finally, Cantor Fitzgerald lowered their target price on shares of Tesla from $425.00 to $355.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Tesla currently has an average rating of "Hold" and an average target price of $293.67.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the sale, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $6,737,500. This trade represents a 12.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robyn M. Denholm sold 112,395 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $274.12, for a total transaction of $30,809,717.40. Following the sale, the director now owns 85,000 shares in the company, valued at $23,300,200. This trade represents a 56.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 833,509 shares of company stock worth $278,648,925. Company insiders own 20.70% of the company's stock.

Tesla Stock Performance

Shares of NASDAQ:TSLA opened at $329.13 on Tuesday. The company has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 161.34, a P/E/G ratio of 5.86 and a beta of 2.47. The firm's 50 day simple moving average is $301.53 and its 200 day simple moving average is $332.77. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. Tesla, Inc. has a fifty-two week low of $177.00 and a fifty-two week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced 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). The company had revenue of $19.34 billion for 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 last year, the business posted $0.45 earnings per share. As a group, sell-side analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current 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.

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