Tesla, Inc. (NASDAQ:TSLA) Holdings Increased by Stratos Investment Management LLC

Stratos Investment Management LLC grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 110.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,840 shares of the electric vehicle producer's stock after buying an additional 3,595 shares during the quarter. Stratos Investment Management LLC's holdings in Tesla were worth $1,773,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSLA. Cherry Tree Wealth Management LLC grew its stake in shares of Tesla by 86.3% in the 1st quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock worth $25,000 after purchasing an additional 44 shares during the last quarter. First PREMIER Bank increased its position in shares of Tesla by 79.2% in the first quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock worth $25,000 after acquiring an additional 42 shares in the last quarter. Newton One Investments LLC increased its position 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 acquiring an additional 75 shares in the last quarter. True Wealth Design LLC increased its position in shares of Tesla by 79.5% in the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after acquiring an additional 31 shares in the last quarter. Finally, Centennial Bank AR increased its position in shares of Tesla by 833.3% in the first quarter. Centennial Bank AR now owns 112 shares of the electric vehicle producer's stock worth $29,000 after acquiring an additional 100 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla Trading Down 6.8%

Shares of Tesla stock opened at $293.94 on Tuesday. The stock has a market capitalization of $946.77 billion, a P/E ratio of 161.51, a price-to-earnings-growth ratio of 9.17 and a beta of 2.39. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07. The company has a 50-day simple moving average of $321.10 and a 200 day simple moving average of $323.46. Tesla, Inc. has a 12-month low of $182.00 and a 12-month high of $488.54.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The firm had revenue of $19.34 billion for the quarter, compared to analyst estimates 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 business earned $0.45 EPS. Research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TSLA shares. Royal Bank Of Canada dropped their target price on shares of Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Oppenheimer reaffirmed a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. Argus reaffirmed a "hold" rating on shares of Tesla in a research report on Monday, June 9th. HSBC reaffirmed a "reduce" rating and set a $120.00 price objective on shares of Tesla in a research report on Thursday, July 3rd. Finally, Wedbush reaffirmed an "outperform" rating and set a $500.00 price objective on shares of Tesla in a research report on Tuesday, July 1st. Ten investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $301.60.

Insider Transactions at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 15,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the senior vice president owned 67,600 shares in the company, valued at approximately $21,889,556. This trade represents a 18.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 2,564 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $285.71, for a total transaction of $732,560.44. Following the completion of the sale, the chief financial officer owned 5,924 shares of the company's stock, valued at $1,692,546.04. The trade was a 30.21% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 829,509 shares of company stock worth $277,648,925. Corporate insiders own 20.70% of the company's stock.

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.

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