Mirador Capital Partners LP Buys 3,307 Shares of Tesla, Inc. (NASDAQ:TSLA)

Mirador Capital Partners LP raised its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 77.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 7,574 shares of the electric vehicle producer's stock after acquiring an additional 3,307 shares during the period. Mirador Capital Partners LP's holdings in Tesla were worth $1,963,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Tesla in the 4th quarter worth $56,600,000. Stephens Consulting LLC lifted its stake in shares of Tesla by 126.7% in the fourth quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock valued at $644,000 after purchasing an additional 891 shares during the period. Strategic Family Wealth Counselors L.L.C. lifted its stake in shares of 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 purchasing an additional 1,629 shares during the period. Harvard Management Co. Inc. acquired a new stake in shares of Tesla in the fourth quarter valued at about $8,158,000. Finally, Vontobel Holding Ltd. lifted its stake in shares of 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 purchasing an additional 60,342 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Performance

Shares of TSLA traded down $3.77 during midday trading on Monday, reaching $342.69. 81,499,066 shares of the stock were exchanged, compared to its average volume of 98,086,870. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $167.41 and a twelve month high of $488.54. The company has a market cap of $1.10 trillion, a P/E ratio of 167.99, a PEG ratio of 5.86 and a beta of 2.43. The stock's 50 day simple moving average is $286.92 and its 200 day simple moving average is $334.13.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $22.93 billion. During the same quarter in the previous year, the business posted $0.45 EPS. On average, sell-side analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Joseph Gebbia acquired 4,000 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The shares were bought at an average cost of $256.31 per share, with a total value of $1,025,240.00. Following the completion of the purchase, the director now directly owns 4,111 shares in the company, valued at $1,053,690.41. The trade was a 3,603.60% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Vaibhav Taneja sold 2,672 shares of Tesla stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $268.73, for a total value of $718,046.56. Following the completion of the transaction, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $7,242,273.50. This represents a 9.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 866,393 shares of company stock worth $284,570,654 in the last 90 days. Insiders own 20.70% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Oppenheimer reiterated a "mixed" rating on shares of Tesla in a research note on Tuesday, March 18th. The Goldman Sachs Group reiterated a "neutral" rating on shares of Tesla in a research note on Tuesday, April 22nd. Barclays reduced their price objective on shares of Tesla from $325.00 to $275.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Guggenheim restated a "sell" rating and set a $170.00 target price on shares of Tesla in a report on Thursday, April 24th. Finally, UBS Group dropped their target price on shares of Tesla from $225.00 to $190.00 and set a "sell" rating for the company in a report on Thursday, April 10th. Ten 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 MarketBeat.com, Tesla currently has an average rating of "Hold" and an average price target of $293.97.

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.