NBC Securities Inc. Has $1.19 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

NBC Securities Inc. lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 114,775.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,595 shares of the electric vehicle producer's stock after acquiring an additional 4,591 shares during the quarter. NBC Securities Inc.'s holdings in Tesla were worth $1,190,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. True Wealth Design LLC increased its stake in shares of Tesla by 79.5% during the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after acquiring an additional 31 shares during the period. Horrell Capital Management Inc. increased its stake in shares of Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after acquiring an additional 34 shares during the period. GS Investments Inc. increased its stake in shares of Tesla by 193.3% during the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after acquiring an additional 58 shares during the period. Navigoe LLC bought a new stake in Tesla during the fourth quarter worth approximately $37,000. Finally, CoreFirst Bank & Trust bought a new stake in Tesla during the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Performance

TSLA traded down $47.37 during trading on Thursday, hitting $284.68. The stock had a trading volume of 286,093,850 shares, compared to its average volume of 99,138,258. The firm has a market cap of $916.94 billion, a PE ratio of 139.55, a P/E/G ratio of 5.86 and a beta of 2.47. Tesla, Inc. has a 12 month low of $167.41 and a 12 month high of $488.54. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The company has a 50 day simple moving average of $291.12 and a 200-day simple moving average of $334.34.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results 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 analyst estimates of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same quarter in the prior year, the business earned $0.45 earnings per share. Analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the sale, the chief financial officer now directly owns 26,950 shares in the company, valued at $6,737,500. This trade represents a 12.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James R. Murdoch sold 54,776 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the completion of the sale, the director now owns 477,011 shares in the company, valued at $114,859,478.69. This represents a 10.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 870,721 shares of company stock worth $286,248,728 in the last ninety days. Insiders own 20.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Bank of America reduced their target price on shares of Tesla from $490.00 to $380.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Cantor Fitzgerald reduced their target price on shares of Tesla from $425.00 to $355.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Argus set a $410.00 target price on shares of Tesla in a report on Thursday, April 24th. Needham & Company LLC restated a "hold" rating on shares of Tesla in a report on Wednesday, April 23rd. Finally, BNP Paribas set a $137.00 target price on shares of Tesla and gave the stock an "underperform" rating in a report on Wednesday, April 16th. Ten investment 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $293.97.

About Tesla

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.