Diligent Investors LLC Has $2.10 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Diligent Investors LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 15.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,096 shares of the electric vehicle producer's stock after purchasing an additional 1,099 shares during the quarter. Diligent Investors LLC's holdings in Tesla were worth $2,098,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Tesla in the fourth quarter valued at about $56,600,000. Stephens Consulting LLC grew its position in shares of Tesla by 126.7% in the fourth quarter. Stephens Consulting LLC now owns 1,594 shares of the electric vehicle producer's stock valued at $644,000 after purchasing an additional 891 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. grew its position in shares of Tesla by 133.7% in the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock valued at $1,150,000 after purchasing an additional 1,629 shares during the last quarter. Harvard Management Co. Inc. acquired a new stake in shares of Tesla in the fourth quarter valued at about $8,158,000. Finally, Vontobel Holding Ltd. lifted its stake in shares of Tesla by 23.0% in the fourth quarter. Vontobel Holding Ltd. now owns 322,300 shares of the electric vehicle producer's stock valued at $130,158,000 after buying an additional 60,342 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Price Performance

Shares of NASDAQ:TSLA traded down $47.37 during trading on Thursday, reaching $284.68. The stock had a trading volume of 286,093,850 shares, compared to its average volume of 99,310,614. Tesla, Inc. has a 52 week low of $167.41 and a 52 week high of $488.54. The business's 50-day moving average price is $291.12 and its 200 day moving average price is $334.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The stock has a market capitalization of $916.94 billion, a PE ratio of 139.55, a P/E/G ratio of 5.86 and a beta of 2.47.

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

Insider Activity

In other news, Director Kimbal Musk sold 91,588 shares of Tesla stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total value of $32,732,635.32. Following the completion of the transaction, the director now owns 1,463,220 shares in the company, valued at approximately $522,940,195.80. The trade was a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction that occurred on 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 directly owns 26,950 shares of the company's stock, valued at approximately $6,737,500. This represents a 12.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 870,721 shares of company stock worth $286,248,728. Insiders own 20.70% of the company's stock.

Analyst Upgrades and Downgrades

TSLA has been the subject of several research reports. Morgan Stanley reiterated a "buy" rating and issued a $430.00 target price on shares of Tesla in a research note on Tuesday, April 22nd. Wedbush reiterated an "outperform" rating and issued a $500.00 target price (up previously from $350.00) on shares of Tesla in a research note on Friday, May 23rd. Cowen upgraded shares of Tesla from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Barclays reduced their target price on shares of Tesla from $325.00 to $275.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Finally, Stifel Nicolaus set a $450.00 target price on shares of Tesla and gave the company a "buy" rating in a research note on Thursday, April 24th. 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 assigned a strong buy rating to the company. According to MarketBeat.com, Tesla has a consensus rating of "Hold" and a consensus price target of $293.97.

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.