Tesla, Inc. (NASDAQ:TSLA) Stock Position Boosted by Xponance Inc.

Xponance Inc. grew its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 718,438 shares of the electric vehicle producer's stock after acquiring an additional 20,248 shares during the period. Tesla comprises about 1.8% of Xponance Inc.'s investment portfolio, making the stock its 8th biggest position. Xponance Inc.'s holdings in Tesla were worth $186,190,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Clientfirst Wealth Management LLC lifted its position in shares of Tesla by 47.6% in the first quarter. Clientfirst Wealth Management LLC now owns 1,550 shares of the electric vehicle producer's stock worth $402,000 after buying an additional 500 shares in the last quarter. Country Club Bank lifted its position in shares of Tesla by 4.3% in the first quarter. Country Club Bank now owns 10,471 shares of the electric vehicle producer's stock worth $2,760,000 after buying an additional 427 shares in the last quarter. Fidelis Capital Partners LLC lifted its position in shares of Tesla by 5.7% in the first quarter. Fidelis Capital Partners LLC now owns 20,669 shares of the electric vehicle producer's stock worth $5,890,000 after buying an additional 1,106 shares in the last quarter. Robeco Schweiz AG lifted its position in shares of Tesla by 4.4% in the first quarter. Robeco Schweiz AG now owns 99,579 shares of the electric vehicle producer's stock worth $25,807,000 after buying an additional 4,179 shares in the last quarter. Finally, Clarity Wealth Advisors LLC lifted its position in shares of Tesla by 17.2% in the first quarter. Clarity Wealth Advisors LLC now owns 14,618 shares of the electric vehicle producer's stock worth $3,788,000 after buying an additional 2,150 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 15,000 shares of the company's stock in a transaction on Thursday, June 12th. The stock was 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 in the company, valued at $21,889,556. This represents a 18.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robyn M. Denholm sold 112,395 shares of the company'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 transaction, the director owned 85,000 shares in the company, valued at $23,300,200. This trade represents a 56.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 835,509 shares of company stock worth $279,420,485 over the last quarter. Company insiders own 20.70% of the company's stock.

Tesla Stock Performance

Shares of NASDAQ TSLA traded up $3.39 during trading on Monday, reaching $316.90. 77,759,201 shares of the company traded hands, compared to its average volume of 99,510,657. The firm's fifty day simple moving average is $322.60 and its 200 day simple moving average is $319.32. The stock has a market cap of $1.02 trillion, a P/E ratio of 174.12, a PEG ratio of 9.33 and a beta of 2.39. 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.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly 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 net margin of 6.66% and a return on equity of 9.02%. The business had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. During the same quarter in the prior year, the firm earned $0.45 EPS. As a group, research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TSLA shares. Glj Research reiterated a "sell" rating and issued a $19.05 target price (down from $24.86) on shares of Tesla in a research report on Monday, April 21st. The Goldman Sachs Group decreased their price objective on Tesla from $315.00 to $285.00 and set a "neutral" rating on the stock in a research report on Friday. Benchmark reiterated a "buy" rating and issued a $475.00 price target (up from $350.00) on shares of Tesla in a report on Thursday, June 26th. HSBC reissued a "reduce" rating and issued a $120.00 price objective on shares of Tesla in a research note on Thursday, July 3rd. Finally, Baird R W cut Tesla from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 9th. Ten analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $300.19.

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.