Quintet Private Bank Europe S.A. Increases Position in Tesla, Inc. (NASDAQ:TSLA)

Quintet Private Bank Europe S.A. increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 44.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,036 shares of the electric vehicle producer's stock after purchasing an additional 18,093 shares during the quarter. Quintet Private Bank Europe S.A.'s holdings in Tesla were worth $15,300,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TSLA. Wealth Group Ltd. bought a new position in Tesla during the fourth quarter valued at approximately $275,000. Comprehensive Financial Planning Inc. PA bought a new position in Tesla during the fourth quarter valued at approximately $1,361,000. Tallon Kerry Patrick bought a new position in Tesla during the fourth quarter valued at approximately $374,000. Eagle Capital Management LLC bought a new position in Tesla during the fourth quarter valued at approximately $331,000. Finally, Brighton Jones LLC boosted its stake in Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock valued at $35,509,000 after buying an additional 9,293 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Stock Up 1.9%

Shares of NASDAQ:TSLA traded up $6.20 on Friday, reaching $325.31. The company had a trading volume of 128,417,075 shares, compared to its average volume of 100,836,055. 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 firm has a market capitalization of $1.05 trillion, a PE ratio of 159.47, a PEG ratio of 5.86 and a beta of 2.47. Tesla, Inc. has a 52-week low of $177.00 and a 52-week high of $488.54. The firm's 50 day simple moving average is $299.39 and its 200-day simple moving average is $332.88.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The business had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same period in the previous year, the business earned $0.45 EPS. As a group, analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In other Tesla news, Director Ira Matthew Ehrenpreis sold 477,572 shares of Tesla stock in a transaction dated 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 now owns 855,394 shares of the company's stock, valued at approximately $305,632,276.20. The trade was a 35.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robyn M. Denholm sold 112,395 shares of Tesla stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $274.12, for a total value of $30,809,717.40. Following the sale, the director now directly owns 85,000 shares of the company's stock, valued at approximately $23,300,200. This represents a 56.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 818,509 shares of company stock valued at $273,791,775 in the last quarter. 20.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TSLA has been the subject of several analyst reports. Roth Mkm lowered their price objective on Tesla from $450.00 to $395.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their price objective on Tesla from $120.00 to $115.00 and set an "underweight" rating for the company in a research note on Wednesday, April 23rd. HSBC lowered their price objective on Tesla from $165.00 to $130.00 and set a "reduce" rating for the company in a research note on Thursday, March 27th. Argus reaffirmed a "hold" rating on shares of Tesla in a research note on Monday, June 9th. Finally, Baird R W lowered Tesla from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 9th. Ten equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Tesla currently has a consensus rating of "Hold" and an average target price of $293.67.

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.