Tesla, Inc. (NASDAQ:TSLA) Position Increased by Strategic Blueprint LLC

Strategic Blueprint LLC raised its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 9.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,331 shares of the electric vehicle producer's stock after buying an additional 1,494 shares during the quarter. Strategic Blueprint LLC's holdings in Tesla were worth $4,492,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Susquehanna Fundamental Investments LLC purchased a new stake in Tesla in the 4th quarter worth about $56,600,000. Means Investment CO. Inc. lifted its position in shares of Tesla by 37.7% in the first 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 in the last quarter. Focus Financial Network Inc. lifted its position in Tesla by 3.1% in the 1st quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer's stock worth $5,823,000 after buying an additional 670 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. lifted its position in Tesla by 133.7% in the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock worth $1,150,000 after buying an additional 1,629 shares in the last quarter. Finally, Harvard Management Co. Inc. purchased a new stake in Tesla in the 4th quarter worth approximately $8,158,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TSLA. Oppenheimer reiterated a "mixed" rating on shares of Tesla in a report on Tuesday, March 18th. Morgan Stanley reaffirmed an "overweight" rating and set a $410.00 price target on shares of Tesla in a research note on Friday, June 6th. BNP Paribas set a $137.00 price target on Tesla and gave the stock an "underperform" rating in a research note on Wednesday, April 16th. Piper Sandler reaffirmed an "overweight" rating and set a $400.00 price target on shares of Tesla in a research note on Tuesday, June 10th. Finally, Stifel Nicolaus set a $450.00 price objective on shares of Tesla and gave the company a "buy" rating in a research report on Thursday, April 24th. 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 issued a strong buy rating to the stock. According to MarketBeat, Tesla presently has a consensus rating of "Hold" and a consensus price target of $301.24.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $313.56 on Friday. Tesla, Inc. has a 12 month low of $182.00 and a 12 month high of $488.54. The business's 50 day moving average is $320.93 and its two-hundred day moving average is $325.92. The company has a market cap of $1.01 trillion, a P/E ratio of 172.29, a P/E/G 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.

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). Tesla had a return on equity of 9.02% and a net margin of 6.66%. The company had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same period last year, the firm posted $0.45 EPS. On average, equities analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Activity at Tesla

In other news, Director Kimbal Musk sold 91,588 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the transaction, the director owned 1,463,220 shares in the company, valued at approximately $522,940,195.80. The trade was a 5.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Xiaotong Zhu sold 15,000 shares of the business'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 transaction, the senior vice president owned 67,600 shares in the company, valued at $21,889,556. This represents a 18.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 833,509 shares of company stock worth $278,648,925. Insiders own 20.70% of the company's stock.

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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