Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Increased by Meeder Advisory Services Inc.

Key Points

• Meeder Advisory Services Inc. increased its stake in Tesla by 2.5%, owning 47,127 shares valued at approximately $12.2 million, making Tesla its 24th largest holding.
• Several hedge funds, including Cherry Tree Wealth Management and First PREMIER Bank, significantly boosted their positions in Tesla during the first quarter, reflecting increased interest from institutional investors.
• Analyst ratings are mixed, with ten analysts recommending a sell and seventeen issuing a buy rating, resulting in an average consensus rating of "Hold" and a target price of $302.75 for Tesla's stock.

Meeder Advisory Services Inc. increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,127 shares of the electric vehicle producer's stock after purchasing an additional 1,158 shares during the period. Tesla makes up approximately 0.7% of Meeder Advisory Services Inc.'s portfolio, making the stock its 24th largest position. Meeder Advisory Services Inc.'s holdings in Tesla were worth $12,214,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Rinkey Investments grew its position in shares of Tesla by 3.5% in the fourth quarter. Rinkey Investments now owns 860 shares of the electric vehicle producer's stock valued at $347,000 after purchasing an additional 29 shares during the last quarter. True Wealth Design LLC grew its position in shares of Tesla by 79.5% in the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 31 shares during the last quarter. Aldebaran Financial Inc. grew its position in shares of Tesla by 3.1% in the fourth quarter. Aldebaran Financial Inc. now owns 1,174 shares of the electric vehicle producer's stock valued at $490,000 after purchasing an additional 35 shares during the last quarter. Acorn Wealth Advisors LLC grew its position in shares of Tesla by 1.9% in the first quarter. Acorn Wealth Advisors LLC now owns 1,901 shares of the electric vehicle producer's stock valued at $493,000 after purchasing an additional 36 shares during the last quarter. Finally, Capital Management Associates Inc grew its position in shares of Tesla by 3.4% in the first quarter. Capital Management Associates Inc now owns 1,166 shares of the electric vehicle producer's stock valued at $302,000 after purchasing an additional 38 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Robert W. Baird reiterated a "neutral" rating and issued a $320.00 price target on shares of Tesla in a research report on Monday, June 9th. Baird R W lowered shares of Tesla from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 9th. Stifel Nicolaus set a $450.00 price target on shares of Tesla and gave the company a "buy" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. decreased their target price on shares of Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 23rd. Finally, UBS Group set a $290.00 target price on shares of Tesla in a research report on Monday, June 30th. Ten analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $303.31.

Insider Activity

In other Tesla news, CFO Vaibhav Taneja sold 6,000 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $341.02, for a total transaction of $2,046,120.00. Following the completion of the transaction, the chief financial officer directly owned 1,950 shares of the company's stock, valued at $664,989. The trade was a 75.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $4,857,150.00. Following the transaction, the senior vice president directly owned 67,600 shares of the company's stock, valued at $21,889,556. The trade was a 18.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 719,119 shares of company stock worth $246,186,549 over the last three months. Insiders own 20.70% of the company's stock.

Tesla Stock Performance

Shares of NASDAQ TSLA traded down $4.25 during midday trading on Friday, hitting $304.02. The company's stock had a trading volume of 68,494,559 shares, compared to its average volume of 107,762,578. Tesla, Inc. has a 1-year low of $182.00 and a 1-year high of $488.54. The firm's fifty day moving average price is $322.96 and its 200-day moving average price is $312.48. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. The firm has a market cap of $980.59 billion, a P/E ratio of 175.82, a P/E/G ratio of 11.21 and a beta of 2.39.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The firm had revenue of $22.50 billion for the quarter, compared to analyst estimates of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The company's revenue for the quarter was down 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 earnings per share. On average, sell-side analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Tesla Company 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.