Key Client Fiduciary Advisors LLC Boosts Position in Tesla, Inc. (NASDAQ:TSLA)

Key Client Fiduciary Advisors LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 206.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,945 shares of the electric vehicle producer's stock after purchasing an additional 9,394 shares during the quarter. Tesla makes up approximately 1.6% of Key Client Fiduciary Advisors LLC's holdings, making the stock its 13th largest holding. Key Client Fiduciary Advisors LLC's holdings in Tesla were worth $3,614,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vista Finance LLC boosted its holdings in 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 acquiring an additional 25 shares during the last quarter. Jmac Enterprises LLC grew its position in shares of Tesla by 0.7% during the 4th quarter. Jmac Enterprises LLC now owns 3,884 shares of the electric vehicle producer's stock valued at $1,569,000 after acquiring an additional 26 shares during the period. TFB Advisors LLC lifted its position in shares of Tesla by 0.5% during the 4th quarter. TFB Advisors LLC now owns 5,213 shares of the electric vehicle producer's stock valued at $2,105,000 after buying an additional 27 shares during the last quarter. Vista Capital Partners Inc. boosted its position in Tesla by 1.4% during the fourth quarter. Vista Capital Partners Inc. now owns 1,969 shares of the electric vehicle producer's stock worth $795,000 after purchasing an additional 27 shares during the period. Finally, Blackston Financial Advisory Group LLC raised its position in shares of Tesla by 1.3% in 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 purchasing an additional 27 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Down 14.3%

Shares of NASDAQ TSLA traded down $47.37 during mid-day trading on Thursday, hitting $284.68. 286,093,850 shares of the stock traded hands, compared to its average volume of 99,144,964. 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 price-to-earnings ratio of 139.55, a PEG ratio of 5.86 and a beta of 2.47. The stock has a fifty day moving average price of $291.12 and a 200-day moving average price of $334.34. Tesla, Inc. has a 52 week low of $167.41 and a 52 week high of $488.54.

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 the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The business had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. During the same quarter in the previous year, the business earned $0.45 earnings per share. Research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TSLA. Guggenheim reiterated a "sell" rating and issued a $170.00 price objective on shares of Tesla in a research note on Thursday, April 24th. Robert W. Baird dropped their price objective on Tesla from $370.00 to $320.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Argus set a $410.00 target price on Tesla in a report on Thursday, April 24th. Stifel Nicolaus set a $450.00 price target on shares of Tesla and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, The Goldman Sachs Group reissued a "neutral" rating on shares of Tesla in a report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and a consensus target price of $293.97.

Insider Activity

In other Tesla news, Director Ira Matthew Ehrenpreis sold 477,572 shares of Tesla stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total value of $170,636,475.60. Following the completion of the sale, the director now owns 855,394 shares of the company's stock, valued at approximately $305,632,276.20. This trade represents a 35.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kimbal Musk sold 91,588 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total value of $32,732,635.32. Following the transaction, the director now directly owns 1,463,220 shares in the company, valued at approximately $522,940,195.80. The trade was a 5.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 870,721 shares of company stock worth $286,248,728. Insiders own 20.70% of the company's stock.

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.