Osborne Partners Capital Management LLC Buys Shares of 1,711 Tesla, Inc. (NASDAQ:TSLA)

Osborne Partners Capital Management LLC bought a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,711 shares of the electric vehicle producer's stock, valued at approximately $443,000.

A number of other large investors have also bought and sold shares of TSLA. Cherry Tree Wealth Management LLC boosted its holdings in shares of Tesla by 86.3% in the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after buying an additional 44 shares during the period. LongView Wealth Management boosted its holdings in shares of Tesla by 3.4% in the first quarter. LongView Wealth Management now owns 1,973 shares of the electric vehicle producer's stock valued at $511,000 after buying an additional 64 shares during the period. Retirement Systems of Alabama boosted its stake in Tesla by 6.5% in the 1st quarter. Retirement Systems of Alabama now owns 845,539 shares of the electric vehicle producer's stock worth $219,130,000 after purchasing an additional 51,973 shares during the period. Means Investment CO. Inc. boosted its stake in Tesla by 37.7% in the 1st quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer's stock worth $5,984,000 after purchasing an additional 6,323 shares during the period. Finally, Walter & Keenan Wealth Management LLC IN ADV boosted its stake in Tesla by 92.0% in the 1st quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 1,217 shares of the electric vehicle producer's stock worth $315,000 after purchasing an additional 583 shares during the period. 66.20% of the stock is owned by institutional investors.

Tesla Stock Up 0.0%

NASDAQ TSLA opened at $322.16 on Friday. The company has a market cap of $1.04 trillion, a price-to-earnings ratio of 177.01, a PEG ratio of 12.04 and a beta of 2.47. 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 company has a 50 day moving average of $306.22 and a 200-day moving average of $332.14. Tesla, Inc. has a 1-year low of $180.69 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced 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). The company had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. Tesla had a net margin of 6.66% and a return on equity of 9.02%. During the same period in the prior year, the firm earned $0.45 earnings per share. On average, equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on TSLA. Royal Bank Of Canada reduced their price objective on Tesla from $314.00 to $307.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Glj Research reaffirmed a "sell" rating and set a $19.05 price target (down previously from $24.86) on shares of Tesla in a research report on Monday, April 21st. JPMorgan Chase & Co. reduced their price target on Tesla from $120.00 to $115.00 and set an "underweight" rating for the company in a research report on Wednesday, April 23rd. Cantor Fitzgerald reduced their price target on Tesla from $425.00 to $355.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Finally, Oppenheimer restated a "mixed" rating on shares of Tesla in a report on Tuesday, March 18th. Ten analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $293.67.

Insider Activity

In other news, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $285.58, for a total transaction of $32,096,336.20. Following the completion of the transaction, the director now owns 85,000 shares of the company's stock, valued at approximately $24,274,300. The trade was a 56.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the transaction, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at approximately $6,737,500. The trade was a 12.92% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 833,509 shares of company stock worth $278,648,925. 20.70% of the stock is currently owned by corporate insiders.

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.

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