Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 24.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,601 shares of the electric vehicle producer's stock after buying an additional 918 shares during the quarter. Joel Isaacson & Co. LLC's holdings in Tesla were worth $1,192,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Rinkey Investments grew its stake in shares of Tesla by 3.5% in the fourth quarter. Rinkey Investments now owns 860 shares of the electric vehicle producer's stock valued at $347,000 after buying an additional 29 shares in the last quarter. Bell Investment Advisors Inc lifted its position in Tesla by 1.3% during the 4th quarter. Bell Investment Advisors Inc now owns 2,339 shares of the electric vehicle producer's stock worth $945,000 after acquiring an additional 30 shares in the last quarter. Pitti Group Wealth Management LLC boosted its holdings in Tesla by 2.2% in the 4th quarter. Pitti Group Wealth Management LLC now owns 1,470 shares of the electric vehicle producer's stock worth $594,000 after acquiring an additional 31 shares during the period. True Wealth Design LLC grew its position in Tesla by 79.5% in the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after acquiring an additional 31 shares in the last quarter. Finally, Garrett Wealth Advisory Group LLC raised its stake in shares of Tesla by 2.4% during the fourth quarter. Garrett Wealth Advisory Group LLC now owns 1,401 shares of the electric vehicle producer's stock valued at $566,000 after purchasing an additional 33 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief financial officer now owns 26,950 shares in the company, valued at approximately $6,737,500. The trade was a 12.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 15,000 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $323.81, for a total value of $4,857,150.00. Following the completion of the transaction, the senior vice president now directly owns 67,600 shares of the company's stock, valued at approximately $21,889,556. The trade was a 18.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold 833,509 shares of company stock valued at $278,648,925 in the last three months. 20.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on TSLA. BNP Paribas set a $137.00 price target on shares of Tesla and gave the company an "underperform" rating in a report on Wednesday, April 16th. Argus restated a "hold" rating on shares of Tesla in a research note on Monday, June 9th. Royal Bank Of Canada cut their price target on Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Guggenheim restated a "sell" rating and set a $175.00 price objective on shares of Tesla in a research note on Monday, June 23rd. Finally, Morgan Stanley restated an "overweight" rating and set a $410.00 price objective on shares of Tesla in a report on Friday, June 6th. Ten research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $298.37.

Tesla Stock Down 0.7%

Tesla stock opened at $323.63 on Monday. 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 one year low of $182.00 and a one year high of $488.54. The company has a 50-day simple moving average of $314.93 and a 200-day simple moving average of $329.21. The firm has a market capitalization of $1.04 trillion, a P/E ratio of 177.82, a P/E/G ratio of 12.20 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 EPS 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 the consensus estimate of $22.93 billion. During the same quarter last year, the company posted $0.45 EPS. As a group, equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

About Tesla

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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