Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Increased by Manchester Capital Management LLC

Key Points

• Manchester Capital Management LLC increased its stake in Tesla, acquiring an additional 1,869 shares in Q1, resulting in a total of 14,152 shares valued at approximately $3.67 million.
• Many institutional investors have also ramped up their positions in Tesla, with firms like Liberty Wealth Management LLC boosting their stakes by over 1,200% in the same quarter.
• Tesla reported a quarterly earnings per share (EPS) of $0.40, missing analysts' estimates, with revenue of $22.5 billion, marking an 11.8% decline year-over-year.

Manchester Capital Management LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 15.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,152 shares of the electric vehicle producer's stock after acquiring an additional 1,869 shares during the quarter. Manchester Capital Management LLC's holdings in Tesla were worth $3,668,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Novus Advisors LLC lifted its stake in shares of Tesla by 199.0% during the 1st quarter. Novus Advisors LLC now owns 1,797 shares of the electric vehicle producer's stock worth $466,000 after purchasing an additional 1,196 shares during the last quarter. Powell Investment Advisors LLC lifted its stake in shares of Tesla by 149.9% during the 1st quarter. Powell Investment Advisors LLC now owns 13,670 shares of the electric vehicle producer's stock worth $3,543,000 after purchasing an additional 8,200 shares during the last quarter. Cheviot Value Management LLC purchased a new stake in shares of Tesla during the 1st quarter worth $771,000. Liberty Wealth Management LLC increased its position in Tesla by 1,230.8% during the 1st quarter. Liberty Wealth Management LLC now owns 336,018 shares of the electric vehicle producer's stock valued at $87,082,000 after buying an additional 310,769 shares in the last quarter. Finally, Malaga Cove Capital LLC raised its stake in Tesla by 1.2% in the first quarter. Malaga Cove Capital LLC now owns 13,923 shares of the electric vehicle producer's stock valued at $3,608,000 after buying an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Transactions at Tesla

In related 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 transaction, the director owned 855,394 shares in the company, valued at approximately $305,632,276.20. This trade represents a 35.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Xiaotong Zhu sold 15,000 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $323.81, for a total value of $4,857,150.00. Following the transaction, the senior vice president owned 67,600 shares in the company, valued at approximately $21,889,556. This represents a 18.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 719,119 shares of company stock valued at $246,186,549 in the last ninety days. Company insiders own 20.70% of the company's stock.

Wall Street Analysts Forecast Growth

TSLA has been the subject of a number of research analyst reports. Argus reiterated a "hold" rating on shares of Tesla in a research note on Monday, June 9th. William Blair lowered Tesla from an "outperform" rating to a "market perform" rating in a report on Monday, July 7th. BNP Paribas set a $137.00 price objective on Tesla and gave the company an "underperform" rating in a report on Wednesday, April 16th. HSBC reissued a "reduce" rating and issued a $120.00 price objective on shares of Tesla in a report on Thursday, July 3rd. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $410.00 target price on shares of Tesla in a report on Friday, June 6th. Ten analysts have rated the stock with a sell rating, fifteen have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $303.31.

Tesla Price Performance

NASDAQ TSLA traded down $5.64 during mid-day trading on Friday, hitting $302.63. The stock had a trading volume of 88,785,612 shares, compared to its average volume of 96,195,928. Tesla, Inc. has a 52-week low of $182.00 and a 52-week high of $488.54. The company has a market cap of $976.12 billion, a price-to-earnings ratio of 174.93, a P/E/G ratio of 10.63 and a beta of 2.33. The company has a 50 day simple moving average of $322.22 and a 200 day simple moving average of $310.31. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). Tesla had a return on equity of 7.98% and a net margin of 6.54%. The business had revenue of $22.50 billion for the quarter, compared to analyst estimates of $23.18 billion. During the same quarter last year, the business earned $0.52 EPS. Tesla's revenue for the quarter was down 11.8% compared to the same quarter last year. Equities analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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.