Milestone Asset Management LLC Acquires 3,409 Shares of Tesla, Inc. (NASDAQ:TSLA)

Milestone Asset Management LLC boosted its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 52.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,945 shares of the electric vehicle producer's stock after purchasing an additional 3,409 shares during the quarter. Milestone Asset Management LLC's holdings in Tesla were worth $2,577,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TSLA. Norges Bank purchased a new position in shares of Tesla during the fourth quarter worth approximately $14,420,248,000. FMR LLC lifted its holdings in Tesla by 40.1% during the fourth quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock worth $13,997,660,000 after buying an additional 9,920,325 shares during the period. GAMMA Investing LLC lifted its holdings in Tesla by 27,378.6% during the first quarter. GAMMA Investing LLC now owns 9,812,316 shares of the electric vehicle producer's stock worth $2,542,960,000 after buying an additional 9,776,607 shares during the period. Strategic Financial Concepts LLC lifted its holdings in Tesla by 36,790.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 8,660,672 shares of the electric vehicle producer's stock worth $3,497,526,000 after buying an additional 8,637,195 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Tesla by 4,963.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,834,707 shares of the electric vehicle producer's stock worth $2,356,288,000 after buying an additional 5,719,466 shares during the period. Hedge funds and other institutional investors own 66.20% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TSLA shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Tesla in a research report on Wednesday, April 23rd. UBS Group cut their target price on Tesla from $225.00 to $190.00 and set a "sell" rating on the stock in a research report on Thursday, April 10th. Piper Sandler set a $400.00 price target on Tesla in a research report on Tuesday, May 6th. Raymond James downgraded Tesla to an "outperform" rating in a research report on Tuesday, April 22nd. Finally, Morgan Stanley reaffirmed a "buy" rating and issued a $430.00 price target on shares of Tesla in a research note on Tuesday, April 22nd. Ten equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $293.97.

Insider Buying and Selling at Tesla

In other Tesla news, Director James R. Murdoch sold 54,776 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $240.79, for a total value of $13,189,513.04. Following the completion of the sale, the director now directly owns 477,011 shares of the company's stock, valued at $114,859,478.69. This represents a 10.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction dated 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 owns 26,950 shares of the company's stock, valued at $6,737,500. The trade was a 12.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 866,393 shares of company stock worth $284,570,654. 20.70% of the stock is currently owned by company insiders.

Tesla Price Performance

TSLA stock traded up $1.58 on Tuesday, hitting $344.27. 98,896,529 shares of the company's stock traded hands, compared to its average volume of 98,215,627. Tesla, Inc. has a 1-year low of $167.41 and a 1-year high of $488.54. The stock has a fifty day moving average of $288.33 and a 200-day moving average of $334.29. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1.11 trillion, a price-to-earnings ratio of 168.76, a P/E/G ratio of 5.86 and a beta of 2.43.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). The company had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter in the prior year, the company posted $0.45 EPS. On average, 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.