Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Hollencrest Capital Management

Hollencrest Capital Management increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 64,659 shares of the electric vehicle producer's stock after acquiring an additional 2,008 shares during the period. Tesla makes up approximately 0.7% of Hollencrest Capital Management's holdings, making the stock its 29th largest holding. Hollencrest Capital Management's holdings in Tesla were worth $16,757,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in TSLA. Vanguard Group Inc. raised its position in shares of Tesla by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 243,193,181 shares of the electric vehicle producer's stock worth $98,211,134,000 after purchasing an additional 3,571,793 shares during the period. Geode Capital Management LLC increased its holdings in Tesla by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 61,011,604 shares of the electric vehicle producer's stock valued at $24,566,217,000 after purchasing an additional 1,655,203 shares in the last quarter. Norges Bank acquired a new stake in shares of Tesla in the 4th quarter valued at $14,420,248,000. FMR LLC boosted its position in shares of Tesla by 40.1% in the 4th quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock worth $13,997,660,000 after purchasing an additional 9,920,325 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Tesla by 21.6% during the fourth quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock worth $11,541,592,000 after purchasing an additional 5,075,418 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Ira Matthew Ehrenpreis sold 477,572 shares of Tesla stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the completion of the sale, the director directly owned 855,394 shares in the company, valued at approximately $305,632,276.20. This trade represents a 35.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 15,000 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $323.81, for a total value of $4,857,150.00. Following the sale, the senior vice president owned 67,600 shares in the company, valued at $21,889,556. The trade was a 18.16% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 835,509 shares of company stock valued at $279,420,485. 20.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

TSLA has been the topic of a number of recent analyst reports. UBS Group set a $290.00 price target on Tesla in a research report on Monday, June 30th. Cfra Research cut Tesla from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. The Goldman Sachs Group lowered their target price on Tesla from $315.00 to $285.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Benchmark reissued a "buy" rating and issued a $475.00 price objective (up from $350.00) on shares of Tesla in a research report on Thursday, June 26th. Finally, Truist Financial set a $280.00 target price on shares of Tesla in a research report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $300.19.

Tesla Stock Up 1.4%

Shares of NASDAQ:TSLA opened at $323.90 on Friday. The firm has a market cap of $1.04 trillion, a P/E ratio of 178.18, a P/E/G ratio of 9.80 and a beta of 2.39. The company's 50-day moving average price is $325.64 and its two-hundred day moving average price is $317.81. 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, Inc. has a 12 month low of $182.00 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a net margin of 6.66% and a return on equity of 9.02%. The company had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same period last year, the firm earned $0.45 EPS. As a group, research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

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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