Mason & Associates Inc Boosts Stake in Tesla, Inc. (NASDAQ:TSLA)

Mason & Associates Inc boosted its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 36.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,239 shares of the electric vehicle producer's stock after purchasing an additional 4,366 shares during the quarter. Tesla makes up approximately 1.0% of Mason & Associates Inc's investment portfolio, making the stock its 22nd largest holding. Mason & Associates Inc's holdings in Tesla were worth $4,208,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TSLA. Wealth Group Ltd. purchased a new stake in Tesla in the fourth quarter valued at approximately $275,000. Tallon Kerry Patrick purchased a new stake in Tesla in the fourth quarter valued at approximately $374,000. Eagle Capital Management LLC purchased a new stake in Tesla in the fourth quarter valued at approximately $331,000. Brighton Jones LLC boosted its position in Tesla by 11.8% in the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock valued at $35,509,000 after buying an additional 9,293 shares during the last quarter. Finally, Revolve Wealth Partners LLC boosted its position in Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock valued at $2,147,000 after buying an additional 931 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TSLA. Cantor Fitzgerald dropped their target price on Tesla from $425.00 to $355.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Roth Mkm lowered their price objective on Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Glj Research restated a "sell" rating and issued a $19.05 price objective (down previously from $24.86) on shares of Tesla in a research report on Monday, April 21st. Benchmark restated a "buy" rating and issued a $350.00 price objective on shares of Tesla in a research report on Wednesday, April 23rd. Finally, UBS Group lowered their price objective on Tesla from $225.00 to $190.00 and set a "sell" rating on the stock in a research report on Thursday, April 10th. Ten equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $293.67.

Tesla Stock Up 1.8%

Shares of TSLA traded up $5.70 during midday trading on Thursday, hitting $322.05. The company had a trading volume of 94,677,402 shares, compared to its average volume of 100,787,054. The company's 50-day simple moving average is $303.42 and its 200-day simple moving average is $332.59. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00. The firm has a market capitalization of $1.04 trillion, a P/E ratio of 176.95, a P/E/G ratio of 11.88 and a beta of 2.47. Tesla, Inc. has a 1 year low of $179.66 and a 1 year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced 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). The company had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a net margin of 6.66% and a return on equity of 9.02%. During the same quarter in the previous year, the business posted $0.45 EPS. As a group, sell-side analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Activity

In other news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the business's stock in a transaction that occurred 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 now 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 2,564 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $285.71, for a total value of $732,560.44. Following the completion of the transaction, the chief financial officer now directly owns 5,924 shares in the company, valued at approximately $1,692,546.04. The trade was a 30.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 833,509 shares of company stock worth $278,648,925. 20.70% of the stock is currently owned by company insiders.

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.