814 Shares in Tesla, Inc. (NASDAQ:TSLA) Acquired by New World Advisors LLC

New World Advisors LLC purchased a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 814 shares of the electric vehicle producer's stock, valued at approximately $211,000.

Several other large investors have also added to or reduced their stakes in the company. Kooman & Associates lifted its holdings in Tesla by 2.4% during the fourth quarter. Kooman & Associates now owns 1,188 shares of the electric vehicle producer's stock valued at $480,000 after purchasing an additional 28 shares in the last quarter. Rinkey Investments lifted its holdings in Tesla by 3.5% during the fourth quarter. Rinkey Investments now owns 860 shares of the electric vehicle producer's stock valued at $347,000 after purchasing an additional 29 shares in the last quarter. New England Capital Financial Advisors LLC lifted its holdings in shares of Tesla by 2.6% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,195 shares of the electric vehicle producer's stock worth $483,000 after buying an additional 30 shares in the last quarter. Ndwm LLC lifted its holdings in shares of Tesla by 0.8% in the fourth quarter. Ndwm LLC now owns 3,563 shares of the electric vehicle producer's stock worth $1,439,000 after buying an additional 30 shares in the last quarter. Finally, Bell Investment Advisors Inc lifted its holdings in shares of Tesla by 1.3% in the fourth quarter. Bell Investment Advisors Inc now owns 2,339 shares of the electric vehicle producer's stock worth $945,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Activity

In other news, SVP Xiaotong Zhu sold 15,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $323.81, for a total value of $4,857,150.00. Following the sale, the senior vice president now directly owns 67,600 shares in the company, valued at approximately $21,889,556. This trade represents a 18.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the completion of the sale, the director now owns 855,394 shares in the company, valued at $305,632,276.20. This represents a 35.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 833,509 shares of company stock worth $278,648,925. Corporate insiders own 20.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TSLA. Royal Bank Of Canada lowered their target price on shares of Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Cowen raised shares of Tesla from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Wells Fargo & Company lowered their target price on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a report on Friday, March 14th. Baird R W downgraded shares of Tesla from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 9th. Finally, Canaccord Genuity Group decreased their price target on shares of Tesla from $404.00 to $303.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Ten analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $298.37.

Tesla Trading Down 0.7%

Shares of NASDAQ TSLA traded down $2.15 during mid-day trading on Friday, reaching $323.63. The company had a trading volume of 88,778,334 shares, compared to its average volume of 101,976,695. The business's 50-day moving average is $314.93 and its 200-day moving average is $329.21. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.04 trillion, a price-to-earnings ratio of 177.82, a price-to-earnings-growth ratio of 12.20 and a beta of 2.47. Tesla, Inc. has a 52 week low of $182.00 and a 52 week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its 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). The business had revenue of $19.34 billion for 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 period last year, the business posted $0.45 EPS. Equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

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.