Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp raised its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 12.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,509 shares of the electric vehicle producer's stock after purchasing an additional 1,344 shares during the quarter. Tesla comprises approximately 1.3% of MADDEN SECURITIES Corp's portfolio, making the stock its 24th largest holding. MADDEN SECURITIES Corp's holdings in Tesla were worth $3,242,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TSLA. Vanguard Group Inc. increased its stake in shares of Tesla by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 243,193,181 shares of the electric vehicle producer's stock worth $98,211,134,000 after acquiring an additional 3,571,793 shares during the period. Geode Capital Management LLC grew its position in Tesla by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 61,011,604 shares of the electric vehicle producer's stock worth $24,566,217,000 after buying an additional 1,655,203 shares during the period. Norges Bank acquired a new position in Tesla during the fourth quarter worth 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 during the period. Finally, Northern Trust Corp grew its position in Tesla by 21.6% during the fourth quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock worth $11,541,592,000 after buying an additional 5,075,418 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on TSLA shares. Robert W. Baird restated a "neutral" rating and set a $320.00 target price on shares of Tesla in a research report on Monday. Barclays lowered their target price on shares of Tesla from $325.00 to $275.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. Baird R W lowered shares of Tesla from a "strong-buy" rating to a "hold" rating in a research report on Monday. Mizuho upped their price target on shares of Tesla from $325.00 to $390.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Stifel Nicolaus set a $450.00 price target on shares of Tesla and gave the company a "buy" rating in a report on Thursday, April 24th. Ten equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $293.67.

Insider Transactions at Tesla

In other news, Director Joseph Gebbia purchased 4,000 shares of the stock in a transaction that occurred on Thursday, April 24th. The stock was acquired at an average cost of $256.31 per share, with a total value of $1,025,240.00. Following the acquisition, the director now owns 4,111 shares in the company, valued at approximately $1,053,690.41. This trade represents a 3,603.60% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the firm's stock in a transaction on 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 sale, the director now directly owns 855,394 shares of the company's stock, valued at approximately $305,632,276.20. The trade was a 35.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 818,509 shares of company stock valued at $273,791,775 over the last 90 days. Corporate insiders own 20.70% of the company's stock.

Tesla Trading Up 1.9%

TSLA stock traded up $6.20 on Friday, hitting $325.31. 128,417,075 shares of the company were exchanged, compared to its average volume of 100,761,816. Tesla, Inc. has a twelve month low of $176.92 and a twelve month high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The business's fifty day moving average is $297.32 and its two-hundred day moving average is $332.97. The stock has a market capitalization of $1.05 trillion, a price-to-earnings ratio of 159.47, a price-to-earnings-growth ratio of 5.86 and a beta of 2.47.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $22.93 billion. During the same period in the previous year, the company earned $0.45 EPS. As a group, research 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.