PKO Investment Management Joint Stock Co Buys 31,500 Shares of Tesla, Inc. (NASDAQ:TSLA)

PKO Investment Management Joint Stock Co boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 117.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,300 shares of the electric vehicle producer's stock after purchasing an additional 31,500 shares during the period. Tesla comprises approximately 1.7% of PKO Investment Management Joint Stock Co's holdings, making the stock its 13th largest holding. PKO Investment Management Joint Stock Co's holdings in Tesla were worth $15,109,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TSLA. Susquehanna Fundamental Investments LLC bought a new stake in Tesla during the 4th quarter valued at approximately $56,600,000. Focus Financial Network Inc. boosted its position in Tesla by 3.1% during the 1st quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer's stock valued at $5,823,000 after acquiring an additional 670 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. boosted its position in Tesla by 133.7% during the 4th 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 acquiring an additional 1,629 shares in the last quarter. Harvard Management Co. Inc. bought a new stake in Tesla during the 4th quarter valued at approximately $8,158,000. Finally, Blackston Financial Advisory Group LLC boosted its position in Tesla by 40.4% during the 1st quarter. Blackston Financial Advisory Group LLC now owns 3,040 shares of the electric vehicle producer's stock valued at $788,000 after acquiring an additional 874 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 112,395 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $274.12, for a total value of $30,809,717.40. Following the completion of the transaction, the director now owns 85,000 shares of the company's stock, valued at approximately $23,300,200. This represents a 56.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $250.00, for a total transaction 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 $6,737,500. This trade represents a 12.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 833,509 shares of company stock valued at $278,648,925. Company insiders own 20.70% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on TSLA shares. Morgan Stanley reaffirmed an "overweight" rating and set a $410.00 price objective on shares of Tesla in a research report on Friday, June 6th. Wedbush set a $500.00 price objective on Tesla in a research report on Thursday, June 5th. Canaccord Genuity Group cut their price objective on Tesla from $404.00 to $303.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. BNP Paribas set a $137.00 price objective on Tesla and gave the company an "underperform" rating in a research report on Wednesday, April 16th. Finally, Mizuho boosted their price target on Tesla from $325.00 to $390.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Ten equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $293.67.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded up $5.70 during midday trading on Thursday, hitting $322.05. The company had a trading volume of 94,677,402 shares, compared to its average volume of 100,787,054. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.54. The company has a market cap of $1.04 trillion, a price-to-earnings ratio of 176.95, a PEG ratio of 12.04 and a beta of 2.47. Tesla, Inc. has a 12-month low of $179.66 and a 12-month high of $488.54. The company has a fifty day moving average of $304.81 and a two-hundred day moving average of $332.35.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 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 analysts' expectations of $22.93 billion. Tesla had a return on equity of 9.02% and a net margin of 6.66%. During the same quarter last year, the company earned $0.45 earnings per share. On average, equities research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal 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.