Clear Creek Financial Management LLC Has $3.48 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Clear Creek Financial Management LLC boosted its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 8.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 13,440 shares of the electric vehicle producer's stock after acquiring an additional 1,069 shares during the period. Clear Creek Financial Management LLC's holdings in Tesla were worth $3,483,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TSLA. Wealth Group Ltd. purchased a new position in Tesla in the fourth quarter valued at about $275,000. Tallon Kerry Patrick acquired a new stake in Tesla during the fourth quarter valued at approximately $374,000. Eagle Capital Management LLC bought a new position in Tesla during the 4th quarter worth approximately $331,000. Brighton Jones LLC grew its position in shares of Tesla by 11.8% in the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after acquiring an additional 9,293 shares in the last quarter. Finally, Revolve Wealth Partners LLC increased its holdings in shares of Tesla by 21.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock valued at $2,147,000 after acquiring an additional 931 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Up 0.3%

Shares of NASDAQ:TSLA traded up $0.84 during midday trading on Thursday, hitting $316.49. 44,585,163 shares of the stock were exchanged, compared to its average volume of 101,355,300. 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, Inc. has a 52-week low of $182.00 and a 52-week high of $488.54. The business's fifty day simple moving average is $319.28 and its two-hundred day simple moving average is $328.10. The company has a market capitalization of $1.02 trillion, a PE ratio of 174.58, a P/E/G ratio of 11.41 and a beta of 2.39.

Tesla (NASDAQ:TSLA - Get Free Report) last posted 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 business had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. During the same period in the previous year, the company earned $0.45 earnings per share. As a group, research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on TSLA. BNP Paribas set a $137.00 target price on shares of Tesla and gave the company an "underperform" rating in a research note on Wednesday, April 16th. Benchmark reaffirmed a "buy" rating and issued a $475.00 price objective (up previously from $350.00) on shares of Tesla in a report on Thursday, June 26th. Wells Fargo & Company cut their price objective on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a research report on Friday, March 14th. The Goldman Sachs Group restated a "neutral" rating on shares of Tesla in a research report on Friday, June 20th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Tesla from $420.00 to $345.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Ten research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $300.33.

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 2,564 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $285.71, for a total value of $732,560.44. Following the completion of the transaction, the chief financial officer directly owned 5,924 shares of the company's stock, valued at $1,692,546.04. This trade represents a 30.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total value of $170,636,475.60. Following the completion of the sale, the director owned 855,394 shares in the company, valued at approximately $305,632,276.20. This represents a 35.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 833,509 shares of company stock worth $278,648,925 in the last quarter. 20.70% of the stock is owned by corporate 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.