Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Increased by Foundations Investment Advisors LLC

Key Points

• Foundations Investment Advisors LLC increased its holdings in Tesla, Inc. by 7.2% in the first quarter, bringing its total to 38,692 shares valued at approximately $10 million.
• Notable trading activity includes insider sales, with Xiaotong Zhu selling 15,000 shares and Kimbal Musk selling 91,588 shares of Tesla stock, representing significant decreases in their respective holdings.
• Tesla reported earnings of $0.40 per share in its last quarter, missing analysts' expectations, with a total revenue of $22.50 billion, down 11.8% year-over-year.

Foundations Investment Advisors LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 7.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,692 shares of the electric vehicle producer's stock after acquiring an additional 2,591 shares during the quarter. Foundations Investment Advisors LLC's holdings in Tesla were worth $10,027,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of TSLA. FMR LLC boosted its holdings in shares of Tesla by 40.1% in the 4th quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock valued at $13,997,660,000 after purchasing an additional 9,920,325 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Tesla by 27,378.6% in the 1st quarter. GAMMA Investing LLC now owns 9,812,316 shares of the electric vehicle producer's stock valued at $2,542,960,000 after purchasing an additional 9,776,607 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Tesla by 4,963.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,834,707 shares of the electric vehicle producer's stock valued at $2,356,288,000 after purchasing an additional 5,719,466 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Tesla by 21.6% in the 4th quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock valued at $11,541,592,000 after purchasing an additional 5,075,418 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Tesla by 54.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 8,464,765 shares of the electric vehicle producer's stock valued at $2,193,728,000 after purchasing an additional 2,978,026 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Benchmark restated a "buy" rating and set a $475.00 target price (up previously from $350.00) on shares of Tesla in a report on Thursday, June 26th. Roth Mkm reduced their target price on shares of Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Baird R W lowered shares of Tesla from a "strong-buy" rating to a "hold" rating in a report on Monday, June 9th. BNP Paribas set a $137.00 target price on shares of Tesla and gave the company an "underperform" rating in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group reduced their target price on shares of Tesla from $315.00 to $285.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. Ten equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $303.31.

Insider Activity

In other news, CFO Vaibhav Taneja sold 6,000 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $341.02, for a total value of $2,046,120.00. Following the completion of the sale, the chief financial officer directly owned 1,950 shares of the company's stock, valued at approximately $664,989. This represents a 75.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Xiaotong Zhu sold 15,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 67,600 shares of the company's stock, 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. Insiders sold a total of 719,119 shares of company stock worth $246,186,549 over the last three months. Insiders own 20.70% of the company's stock.

Tesla Stock Performance

Shares of NASDAQ:TSLA traded down $9.32 during trading on Thursday, reaching $309.72. 59,272,081 shares of the company's stock traded hands, compared to its average volume of 107,835,406. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.04 and a quick ratio of 1.55. Tesla, Inc. has a 12 month low of $182.00 and a 12 month high of $488.54. The company has a 50 day moving average of $323.61 and a 200-day moving average of $313.14. The stock has a market capitalization of $998.97 billion, a P/E ratio of 178.69, a price-to-earnings-growth ratio of 11.28 and a beta of 2.39.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). Tesla had a net margin of 6.54% and a return on equity of 7.98%. The business had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $23.18 billion. During the same period in the prior year, the company earned $0.52 EPS. Tesla's quarterly revenue was down 11.8% on a year-over-year basis. On average, equities analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

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.