Roman Butler Fullerton & Co. Grows Stake in Tesla, Inc. (NASDAQ:TSLA)

Roman Butler Fullerton & Co. boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 107.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,869 shares of the electric vehicle producer's stock after purchasing an additional 1,485 shares during the quarter. Roman Butler Fullerton & Co.'s holdings in Tesla were worth $729,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TSLA. Newton One Investments LLC lifted its holdings in shares of Tesla by 250.0% in the first quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock worth $27,000 after buying an additional 75 shares in the last quarter. MN Wealth Advisors LLC increased its holdings in Tesla by 28.1% in the 1st quarter. MN Wealth Advisors LLC now owns 1,541 shares of the electric vehicle producer's stock valued at $399,000 after acquiring an additional 338 shares during the last quarter. Wolf Group Capital Advisors bought a new stake in Tesla in the 1st quarter valued at $876,000. Cornerstone Wealth Management LLC lifted its stake in Tesla by 9.7% in the 1st quarter. Cornerstone Wealth Management LLC now owns 18,399 shares of the electric vehicle producer's stock worth $4,768,000 after purchasing an additional 1,622 shares in the last quarter. Finally, Shepherd Financial Partners LLC boosted its holdings in shares of Tesla by 4.4% during the 1st quarter. Shepherd Financial Partners LLC now owns 8,720 shares of the electric vehicle producer's stock valued at $2,260,000 after purchasing an additional 369 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TSLA. Baird R W downgraded Tesla from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 9th. Morgan Stanley reaffirmed an "overweight" rating and set a $410.00 price objective on shares of Tesla in a report on Friday, June 6th. Argus reissued a "hold" rating on shares of Tesla in a report on Monday, June 9th. Benchmark reaffirmed a "buy" rating and set a $350.00 price target on shares of Tesla in a research note on Wednesday, April 23rd. Finally, Truist Financial set a $280.00 target price on shares of Tesla in a report on Tuesday, April 22nd. 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 given a strong buy rating to the company. Based on data from MarketBeat, Tesla has a consensus rating of "Hold" and an average price target of $293.67.

Insider Buying and Selling at Tesla

In other Tesla news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 855,394 shares of the company's stock, valued at $305,632,276.20. This trade represents a 35.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph Gebbia purchased 4,000 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The stock was acquired at an average price of $256.31 per share, for a total transaction of $1,025,240.00. Following the acquisition, the director now directly owns 4,111 shares of the company's stock, valued at $1,053,690.41. This trade represents a 3,603.60% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 833,509 shares of company stock valued at $278,648,925 over the last quarter. Corporate insiders own 20.70% of the company's stock.

Tesla Stock Down 3.8%

TSLA opened at $316.73 on Wednesday. The stock has a market capitalization of $1.02 trillion, a P/E ratio of 174.03, a price-to-earnings-growth ratio of 12.36 and a beta of 2.47. Tesla, Inc. has a one year low of $179.66 and a one year high of $488.54. The business's 50-day simple moving average is $302.42 and its 200-day simple moving average is $332.66. 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 (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data 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 firm 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 quarter in the previous year, the business earned $0.45 EPS. Analysts anticipate that Tesla, Inc. will post 2.56 EPS 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.

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