Matauro LLC Has $1.58 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Matauro LLC boosted its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 351.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,114 shares of the electric vehicle producer's stock after purchasing an additional 4,761 shares during the quarter. Matauro LLC's holdings in Tesla were worth $1,584,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of TSLA. Susquehanna Fundamental Investments LLC acquired a new stake in Tesla in the fourth quarter valued at $56,600,000. Focus Financial Network Inc. raised its holdings in Tesla by 3.1% in the first quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer's stock valued at $5,823,000 after acquiring an additional 670 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. raised its holdings in Tesla by 133.7% in the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock valued at $1,150,000 after acquiring an additional 1,629 shares in the last quarter. Harvard Management Co. Inc. acquired a new stake in Tesla in the fourth quarter valued at $8,158,000. Finally, Vontobel Holding Ltd. raised its holdings in Tesla by 23.0% in the fourth quarter. Vontobel Holding Ltd. now owns 322,300 shares of the electric vehicle producer's stock valued at $130,158,000 after acquiring an additional 60,342 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Vaibhav Taneja sold 1,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $350.00, for a total transaction of $350,000.00. Following the completion of the transaction, the chief financial officer now owns 1,950 shares in the company, valued at approximately $682,500. This trade represents a 33.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Joseph Gebbia bought 4,000 shares of the firm's stock in a transaction on Thursday, April 24th. The stock was purchased at an average price of $256.31 per share, with a total value of $1,025,240.00. Following the completion of the acquisition, the director now owns 4,111 shares of the company's stock, valued at approximately $1,053,690.41. This trade represents a 3,603.60% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 818,509 shares of company stock worth $273,791,775. Corporate insiders own 20.70% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on TSLA shares. Cowen raised shares of Tesla from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Robert W. Baird reissued a "neutral" rating and set a $320.00 target price on shares of Tesla in a report on Monday, June 9th. Oppenheimer reissued a "mixed" rating on shares of Tesla in a report on Tuesday, March 18th. TD Cowen raised shares of Tesla from a "hold" rating to a "buy" rating and increased their target price for the stock from $180.00 to $388.00 in a report on Friday, March 7th. Finally, Truist Financial set a $280.00 target price on shares of Tesla in a report on Tuesday, April 22nd. Ten research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $293.67.

Tesla Price Performance

TSLA traded up $6.20 on Friday, reaching $325.31. The company had a trading volume of 128,417,075 shares, compared to its average volume of 100,836,055. The company has a fifty day moving average of $299.39 and a 200-day moving average of $332.88. The company has a market capitalization of $1.05 trillion, a P/E ratio of 159.47, a PEG ratio of 5.86 and a beta of 2.47. 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 one year low of $177.00 and a one year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted 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 net margin of 7.26% and a return on equity of 10.31%. The business had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same quarter last year, the business posted $0.45 EPS. As a group, equities research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current 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.