Oregon Public Employees Retirement Fund Purchases 1,028 Shares of Tesla, Inc. (NASDAQ:TSLA)

Oregon Public Employees Retirement Fund raised its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 0.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 240,451 shares of the electric vehicle producer's stock after buying an additional 1,028 shares during the quarter. Tesla accounts for 1.2% of Oregon Public Employees Retirement Fund's portfolio, making the stock its 11th largest position. Oregon Public Employees Retirement Fund's holdings in Tesla were worth $62,315,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Clarity Capital Partners LLC grew its holdings in shares of Tesla by 3.6% during the first quarter. Clarity Capital Partners LLC now owns 51,229 shares of the electric vehicle producer's stock valued at $13,277,000 after buying an additional 1,794 shares in the last quarter. MontVue Capital Management Inc. bought a new stake in Tesla in the first quarter worth approximately $512,000. Capital Investment Counsel Inc increased its stake in shares of Tesla by 1.8% during the 1st quarter. Capital Investment Counsel Inc now owns 3,473 shares of the electric vehicle producer's stock worth $900,000 after purchasing an additional 63 shares during the last quarter. Lodestone Wealth Management LLC raised its holdings in shares of Tesla by 11.5% during the 1st quarter. Lodestone Wealth Management LLC now owns 1,985 shares of the electric vehicle producer's stock valued at $514,000 after purchasing an additional 204 shares in the last quarter. Finally, Clune & Associates LTD. boosted its holdings in Tesla by 4.4% in the first quarter. Clune & Associates LTD. now owns 1,193 shares of the electric vehicle producer's stock worth $309,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Price Performance

Tesla stock traded down $2.09 on Friday, reaching $313.56. The company's stock had a trading volume of 58,042,302 shares, compared to its average volume of 101,137,163. The business's fifty day moving average price is $320.36 and its 200 day moving average price is $327.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00. Tesla, Inc. has a twelve month low of $182.00 and a twelve month high of $488.54. The company has a market cap of $1.01 trillion, a price-to-earnings ratio of 172.29, a PEG ratio of 9.17 and a beta of 2.39.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a return on equity of 9.02% and a net margin of 6.66%. The company had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. During the same period in the prior year, the firm posted $0.45 earnings per share. Equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TSLA has been the topic of several analyst reports. Truist Financial set a $280.00 target price on shares of Tesla in a research report on Tuesday, April 22nd. Baird R W lowered Tesla from a "strong-buy" rating to a "hold" rating in a report on Monday, June 9th. Deutsche Bank Aktiengesellschaft reduced their target price on Tesla from $420.00 to $345.00 and set a "buy" rating for the company in a report on Friday, March 28th. HSBC reiterated a "reduce" rating and set a $120.00 price target on shares of Tesla in a report on Thursday. Finally, Oppenheimer restated a "mixed" rating on shares of Tesla in a research note on Tuesday, March 18th. Ten investment 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $301.24.

Insider Activity

In other Tesla news, Director Kimbal Musk sold 91,588 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $357.39, for a total value of $32,732,635.32. Following the transaction, the director directly owned 1,463,220 shares in the company, valued at approximately $522,940,195.80. This trade represents a 5.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 15,000 shares of the company's stock in a transaction on 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 transaction, the senior vice president directly owned 67,600 shares in the company, valued at $21,889,556. This trade represents a 18.16% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 833,509 shares of company stock worth $278,648,925. 20.70% of the stock is owned by company insiders.

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.