Tesla, Inc. (NASDAQ:TSLA) Shares Bought by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 429,750 shares of the electric vehicle producer's stock after acquiring an additional 6,790 shares during the period. Tesla accounts for about 2.6% of GF Fund Management CO. LTD.'s portfolio, making the stock its 8th largest position. GF Fund Management CO. LTD.'s holdings in Tesla were worth $111,374,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Avantax Planning Partners Inc. lifted its position in Tesla by 1.1% in the 1st quarter. Avantax Planning Partners Inc. now owns 14,614 shares of the electric vehicle producer's stock valued at $3,787,000 after acquiring an additional 161 shares in the last quarter. Calamos Wealth Management LLC lifted its stake in Tesla by 0.3% during the 1st quarter. Calamos Wealth Management LLC now owns 26,565 shares of the electric vehicle producer's stock valued at $6,885,000 after acquiring an additional 67 shares in the last quarter. Aviance Capital Partners LLC boosted its stake in shares of Tesla by 7.2% in the 1st quarter. Aviance Capital Partners LLC now owns 1,292 shares of the electric vehicle producer's stock worth $335,000 after buying an additional 87 shares during the last quarter. Conning Inc. increased its stake in shares of Tesla by 1.0% during the 1st quarter. Conning Inc. now owns 17,226 shares of the electric vehicle producer's stock worth $4,464,000 after purchasing an additional 169 shares during the last quarter. Finally, Davidson Trust Co. lifted its position in shares of Tesla by 2.6% during the 1st quarter. Davidson Trust Co. now owns 2,340 shares of the electric vehicle producer's stock valued at $606,000 after buying an additional 60 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TSLA shares. Deutsche Bank Aktiengesellschaft reduced their target price on Tesla from $420.00 to $345.00 and set a "buy" rating for the company in a report on Friday, March 28th. Morgan Stanley restated an "overweight" rating and set a $410.00 price target on shares of Tesla in a research report on Friday, June 6th. Wells Fargo & Company reduced their price target on shares of Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a research report on Friday, March 14th. Cantor Fitzgerald lowered their price objective on shares of Tesla from $425.00 to $355.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Finally, HSBC reiterated a "reduce" rating and issued a $120.00 price objective on shares of Tesla in a report on Thursday. Ten investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $301.24.

Tesla Price Performance

Tesla stock opened at $313.56 on Friday. Tesla, Inc. has a 12-month low of $182.00 and a 12-month high of $488.54. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $1.01 trillion, a PE ratio of 172.29, a price-to-earnings-growth ratio of 9.17 and a beta of 2.39. The firm has a 50-day moving average price of $320.36 and a 200-day moving average price of $327.07.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results 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). Tesla had a return on equity of 9.02% and a net margin of 6.66%. The business had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same quarter last year, the business posted $0.45 earnings per share. As a group, equities research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Transactions at Tesla

In related news, Director Kimbal Musk sold 91,588 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the completion of the sale, the director directly owned 1,463,220 shares in the company, valued at $522,940,195.80. This represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robyn M. Denholm sold 112,395 shares of the firm's stock in a transaction on 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 completion of the sale, the director directly owned 85,000 shares of the company's stock, valued at $23,300,200. The trade was a 56.94% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 833,509 shares of company stock worth $278,648,925. Insiders own 20.70% of the company's stock.

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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