Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Aspiriant LLC

Aspiriant LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 25.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,810 shares of the electric vehicle producer's stock after buying an additional 1,372 shares during the quarter. Aspiriant LLC's holdings in Tesla were worth $1,765,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TSLA. Susquehanna Fundamental Investments LLC acquired a new position in shares of Tesla in the 4th quarter valued at about $56,600,000. Focus Financial Network Inc. boosted its position in shares of Tesla by 3.1% during the 1st quarter. Focus Financial Network Inc. now owns 22,467 shares of the electric vehicle producer's stock worth $5,823,000 after purchasing an additional 670 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. increased its position in Tesla by 133.7% in 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 buying an additional 1,629 shares in the last quarter. Harvard Management Co. Inc. bought a new position in Tesla in the fourth quarter worth approximately $8,158,000. Finally, Blackston Financial Advisory Group LLC grew its position in Tesla by 40.4% in the 1st quarter. Blackston Financial Advisory Group LLC now owns 3,040 shares of the electric vehicle producer's stock valued at $788,000 after purchasing an additional 874 shares during the period. Institutional investors own 66.20% of the company's stock.

Analyst Ratings Changes

TSLA has been the subject of several recent analyst reports. The Goldman Sachs Group reduced their target price on shares of Tesla from $295.00 to $285.00 and set a "neutral" rating for the company in a research note on Friday, June 6th. Deutsche Bank Aktiengesellschaft cut their target price on Tesla from $420.00 to $345.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Glj Research reissued a "sell" rating and issued a $19.05 price objective (down previously from $24.86) on shares of Tesla in a research report on Monday, April 21st. Oppenheimer restated a "mixed" rating on shares of Tesla in a report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Tesla from $120.00 to $115.00 and set an "underweight" rating for the company in a research note on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $293.67.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the company's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the transaction, the chief financial officer now owns 26,950 shares of the company's stock, valued at $6,737,500. This represents a 12.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Xiaotong Zhu sold 15,000 shares of Tesla stock in a transaction on 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 of the company's stock, valued at $21,889,556. The trade was a 18.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 833,509 shares of company stock valued at $278,648,925. 20.70% of the stock is currently owned by corporate insiders.

Tesla Price Performance

NASDAQ TSLA traded up $5.70 during trading hours on Thursday, reaching $322.05. The company's stock had a trading volume of 94,677,402 shares, compared to its average volume of 100,787,054. The company has a market capitalization of $1.04 trillion, a price-to-earnings ratio of 176.95, a PEG ratio of 11.88 and a beta of 2.47. Tesla, Inc. has a 1 year low of $179.66 and a 1 year high of $488.54. The firm's 50-day moving average price is $303.42 and its 200-day moving average price is $332.59. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $22.93 billion. During the same quarter last year, the firm posted $0.45 EPS. On average, equities research analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal 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.