PFG Investments LLC Buys 4,119 Shares of Tesla, Inc. (NASDAQ:TSLA)

PFG Investments LLC raised its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,027 shares of the electric vehicle producer's stock after acquiring an additional 4,119 shares during the period. Tesla accounts for approximately 2.3% of PFG Investments LLC's portfolio, making the stock its 4th largest position. PFG Investments LLC's holdings in Tesla were worth $35,253,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Tesla during the fourth quarter worth about $56,600,000. Means Investment CO. Inc. boosted its stake in shares of Tesla by 37.7% during the first quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer's stock worth $5,984,000 after buying an additional 6,323 shares during the period. Focus Financial Network Inc. boosted its stake in shares of Tesla by 3.1% during the first 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 during the period. Strategic Family Wealth Counselors L.L.C. boosted its stake in shares of Tesla by 133.7% during the fourth 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 during the period. Finally, Harvard Management Co. Inc. purchased a new position in Tesla during the fourth quarter worth about $8,158,000. Institutional investors and hedge funds own 66.20% of the company's stock.

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 sale, the chief financial officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 in the company, valued at approximately $21,889,556. This trade represents a 18.16% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 833,509 shares of company stock worth $278,648,925. 20.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TSLA shares. Raymond James Financial cut shares of Tesla to an "outperform" rating in a report on Tuesday, April 22nd. The Goldman Sachs Group reissued a "neutral" rating on shares of Tesla in a report on Friday. Robert W. Baird reissued a "neutral" rating and set a $320.00 price target on shares of Tesla in a report on Monday, June 9th. Oppenheimer reissued a "mixed" rating on shares of Tesla in a report on Tuesday, March 18th. Finally, Truist Financial set a $280.00 price target on shares of Tesla in a report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $293.67.

Tesla Price Performance

Shares of TSLA stock traded up $0.11 during trading hours on Friday, hitting $322.16. The company's stock had a trading volume of 108,229,033 shares, compared to its average volume of 101,151,146. The business has a fifty day moving average of $306.22 and a 200-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 P/E/G ratio of 12.05 and a beta of 2.47. Tesla, Inc. has a twelve month low of $182.00 and a twelve month high of $488.54. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly 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 net margin of 6.66% and a return on equity of 9.02%. The business had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same quarter in the prior year, the company earned $0.45 earnings per share. As a group, equities research 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.