Tesla, Inc. (NASDAQ:TSLA) Position Lifted by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 190.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,671 shares of the electric vehicle producer's stock after acquiring an additional 1,095 shares during the quarter. Fishman Jay A Ltd. MI's holdings in Tesla were worth $433,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TSLA. True Wealth Design LLC lifted its position in shares of Tesla by 79.5% in the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock worth $28,000 after buying an additional 31 shares during the last quarter. Horrell Capital Management Inc. lifted its position in shares of Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock worth $32,000 after buying an additional 34 shares during the last quarter. GS Investments Inc. lifted its position in shares of Tesla by 193.3% in the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock worth $36,000 after buying an additional 58 shares during the last quarter. Navigoe LLC bought a new position in shares of Tesla in the 4th quarter worth about $37,000. Finally, CoreFirst Bank & Trust bought a new position in shares of Tesla in the 4th quarter worth about $38,000. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Performance

Shares of TSLA opened at $322.16 on Friday. Tesla, Inc. has a one year low of $182.00 and a one year high of $488.54. The company has a 50-day moving average of $306.22 and a two-hundred day moving average of $331.96. The stock has a market cap of $1.04 trillion, a price-to-earnings ratio of 177.01, a PEG ratio of 12.05 and a beta of 2.47. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results 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). Tesla had a return on equity of 9.02% and a net margin of 6.66%. The firm had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same quarter in the previous year, the business earned $0.45 earnings per share. On average, equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TSLA shares. Benchmark restated a "buy" rating and issued a $350.00 price target on shares of Tesla in a research report on Wednesday, April 23rd. BNP Paribas set a $137.00 price objective on shares of Tesla and gave the stock an "underperform" rating in a report on Wednesday, April 16th. Bank of America dropped their price objective on shares of Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. JPMorgan Chase & Co. dropped their price objective on shares of Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a report on Wednesday, April 23rd. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $410.00 price objective on shares of Tesla in a report on Friday, June 6th. Ten equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $293.67.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $6,737,500. This trade represents a 12.92% decrease in their ownership of the stock. 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 firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the sale, the senior vice president now owns 67,600 shares of the company's stock, valued at approximately $21,889,556. This represents a 18.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 833,509 shares of company stock worth $278,648,925. 20.70% of the stock is owned by company insiders.

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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