Revolve Wealth Partners LLC Acquires 11,353 Shares of Tesla, Inc. (NASDAQ:TSLA)

Revolve Wealth Partners LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 213.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,670 shares of the electric vehicle producer's stock after purchasing an additional 11,353 shares during the quarter. Revolve Wealth Partners LLC's holdings in Tesla were worth $4,320,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. True Wealth Design LLC lifted its position in 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 purchasing an additional 31 shares during the last quarter. Horrell Capital Management Inc. lifted its holdings in Tesla by 75.6% in 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. lifted its holdings in 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 purchasing an additional 58 shares in the last quarter. Navigoe LLC purchased a new stake in shares of Tesla in the fourth quarter valued at approximately $37,000. Finally, CoreFirst Bank & Trust acquired a new position in Tesla in the fourth quarter valued at approximately $38,000. Institutional investors own 66.20% of the company's stock.

Tesla Stock Up 0.1%

NASDAQ:TSLA traded up $0.31 during mid-day trading on Wednesday, hitting $326.40. The stock had a trading volume of 120,049,041 shares, compared to its average volume of 100,510,546. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $167.41 and a twelve month high of $488.54. The stock has a 50-day simple moving average of $293.86 and a two-hundred day simple moving average of $333.15. The company has a market capitalization of $1.05 trillion, a PE ratio of 160.00, a PEG ratio of 5.86 and a beta of 2.47.

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 analysts' consensus estimates of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The firm had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. During the same period last year, the firm posted $0.45 EPS. On average, equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TSLA shares. Baird R W cut Tesla from a "strong-buy" rating to a "hold" rating in a research note on Monday. Wedbush set a $500.00 price objective on shares of Tesla in a research report on Thursday, June 5th. Cowen upgraded Tesla from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Cfra Research lowered Tesla from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Finally, Needham & Company LLC restated a "hold" rating on shares of Tesla in a research note on Wednesday, April 23rd. Ten analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Tesla presently has an average rating of "Hold" and a consensus target price of $293.67.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 4,000 shares of the business'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 completion of the transaction, the chief financial officer now owns 26,950 shares of the company's stock, valued at $6,737,500. The trade was a 12.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the director now owns 85,000 shares in the company, valued at approximately $24,274,300. The trade was a 56.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 818,509 shares of company stock worth $273,791,775. 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.