Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Increased by Trek Financial LLC

Trek Financial LLC grew its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 14.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,916 shares of the electric vehicle producer's stock after purchasing an additional 2,978 shares during the period. Trek Financial LLC's holdings in Tesla were worth $6,198,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Eagle Capital Management LLC purchased a new stake in shares of Tesla in the 4th quarter valued at $331,000. Brighton Jones LLC increased its holdings in Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after purchasing an additional 9,293 shares during the period. Revolve Wealth Partners LLC increased its holdings in Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock worth $2,147,000 after purchasing an additional 931 shares during the period. Mascagni Wealth Management Inc. purchased a new stake in Tesla during the 4th quarter worth about $346,000. Finally, Highview Capital Management LLC DE purchased a new stake in Tesla during the 4th quarter worth about $2,367,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Price Performance

NASDAQ TSLA traded up $3.64 during mid-day trading on Friday, hitting $313.51. The stock had a trading volume of 78,861,329 shares, compared to its average volume of 99,596,575. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07. The company has a 50 day simple moving average of $322.60 and a 200 day simple moving average of $320.26. The company has a market cap of $1.01 trillion, a price-to-earnings ratio of 172.26, a P/E/G ratio of 9.33 and a beta of 2.39. Tesla, Inc. has a 52-week low of $182.00 and a 52-week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last released 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 return on equity of 9.02% and a net margin of 6.66%. The company had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. During the same period in the previous year, the business posted $0.45 EPS. Equities analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Ira Matthew Ehrenpreis sold 477,572 shares of Tesla stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total value of $170,636,475.60. Following the transaction, the director owned 855,394 shares in the company, valued at approximately $305,632,276.20. This trade represents a 35.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 2,000 shares of Tesla stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the transaction, the chief financial officer owned 5,924 shares in the company, valued at $1,777,200. The trade was a 25.24% decrease in their position. 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 ninety days. Company insiders own 20.70% of the company's stock.

Wall Street Analyst Weigh In

TSLA has been the topic of several recent research reports. Glj Research restated a "sell" rating and set a $19.05 price target (down previously from $24.86) on shares of Tesla in a report on Monday, April 21st. HSBC reaffirmed a "reduce" rating and set a $120.00 price objective on shares of Tesla in a research report on Thursday, July 3rd. Oppenheimer reaffirmed a "mixed" rating on shares of Tesla in a research report on Tuesday, March 18th. Robert W. Baird reaffirmed a "neutral" rating and set a $320.00 price objective on shares of Tesla in a research report on Monday, June 9th. Finally, Guggenheim reaffirmed a "sell" rating and set a $175.00 price objective on shares of Tesla in a research report on Tuesday. Ten analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $300.19.

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.