Blackston Financial Advisory Group LLC Has $788,000 Stake in Tesla, Inc. (NASDAQ:TSLA)

Blackston Financial Advisory Group LLC lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 40.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,040 shares of the electric vehicle producer's stock after acquiring an additional 874 shares during the period. Blackston Financial Advisory Group LLC's holdings in Tesla were worth $788,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSLA. Susquehanna Fundamental Investments LLC acquired a new position in shares of Tesla during the fourth quarter valued at approximately $56,600,000. Focus Financial Network Inc. boosted its stake in Tesla by 3.1% during the 1st quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer's stock valued at $5,823,000 after purchasing an additional 670 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. increased its position in shares of Tesla by 133.7% during the 4th 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 period. Harvard Management Co. Inc. bought a new stake in shares of Tesla in the 4th quarter worth $8,158,000. Finally, Vontobel Holding Ltd. lifted its holdings 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. Institutional investors own 66.20% of the company's stock.

Insider Buying and Selling

In other Tesla news, Director Kimbal Musk sold 91,588 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the completion of the transaction, the director now owns 1,463,220 shares of the company's stock, valued at $522,940,195.80. The trade was a 5.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 15,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $323.81, for a total value of $4,857,150.00. Following the completion of the sale, the senior vice president now directly owns 67,600 shares in the company, valued at approximately $21,889,556. This represents a 18.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 833,509 shares of company stock worth $278,648,925. Insiders own 20.70% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on TSLA. UBS Group dropped their price target on shares of 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 reaffirmed an "overweight" rating and issued a $400.00 price objective on shares of Tesla in a research note on Tuesday, June 10th. The Goldman Sachs Group reissued a "neutral" rating on shares of Tesla in a research note on Friday. Glj Research restated a "sell" rating and set a $19.05 target price (down from $24.86) on shares of Tesla in a report on Monday, April 21st. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $410.00 price target on shares of Tesla in a report on Friday, June 6th. Ten analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $293.67.

Tesla Stock Up 0.0%

Shares of NASDAQ TSLA traded up $0.11 during mid-day trading on Friday, reaching $322.16. The company had a trading volume of 107,944,526 shares, compared to its average volume of 100,816,093. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00. Tesla, Inc. has a twelve month low of $179.66 and a twelve month high of $488.54. The stock's 50 day moving average is $304.81 and its 200-day moving average is $332.35. The stock has a market capitalization of $1.04 trillion, a PE ratio of 177.01, a price-to-earnings-growth ratio of 12.04 and a beta of 2.47.

Tesla (NASDAQ:TSLA - Get Free Report) last issued 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 firm had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same period in the previous year, the company earned $0.45 earnings per share. As a group, equities analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.