Kilter Group LLC Takes Position in Tesla, Inc. (NASDAQ:TSLA)

Kilter Group LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 2,000 shares of the electric vehicle producer's stock, valued at approximately $808,000. Tesla makes up 0.5% of Kilter Group LLC's holdings, making the stock its 22nd largest position.

Several other institutional investors have also modified their holdings of TSLA. True Wealth Design LLC lifted its holdings 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 during the period. Horrell Capital Management Inc. increased its stake in shares of Tesla by 75.6% in the fourth 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 during the last quarter. GS Investments Inc. grew its position in shares of Tesla by 193.3% during 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 during the last quarter. Navigoe LLC acquired a new position in shares of Tesla during the fourth quarter worth approximately $37,000. Finally, CoreFirst Bank & Trust bought a new stake in shares of Tesla in the 4th quarter worth $38,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TSLA. Glj Research reiterated a "sell" rating and set a $19.05 price target (down previously from $24.86) on shares of Tesla in a research note on Monday, April 21st. Bank of America cut their price objective on Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Mizuho upped their price objective on Tesla from $325.00 to $390.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research report on Wednesday, April 23rd. Finally, Argus set a $410.00 target price on shares of Tesla in a report on Thursday, April 24th. Ten research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Tesla currently has a consensus rating of "Hold" and a consensus price target of $293.97.

Tesla Price Performance

TSLA traded down $8.83 during trading on Friday, hitting $349.60. 81,035,318 shares of the company traded hands, compared to its average volume of 97,799,409. The company has a market cap of $1.13 trillion, a PE ratio of 171.17, a P/E/G ratio of 5.86 and a beta of 2.43. The stock's 50-day simple moving average is $285.70 and its two-hundred day simple moving average is $333.80. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 1 year low of $167.41 and a 1 year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share 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 company had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same period in the previous year, the firm earned $0.45 earnings per share. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Vaibhav Taneja sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $296.02, for a total transaction of $1,776,120.00. Following the sale, the chief financial officer now owns 23,084 shares of the company's stock, valued at $6,833,325.68. This trade represents a 20.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of Tesla stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the completion of the sale, the director now owns 855,394 shares in the company, valued at approximately $305,632,276.20. This trade represents a 35.83% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 984,783 shares of company stock worth $320,019,942. Corporate insiders own 20.70% of the company's stock.

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.