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

TFR Capital LLC. grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 41.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,002 shares of the electric vehicle producer's stock after buying an additional 2,335 shares during the period. TFR Capital LLC.'s holdings in Tesla were worth $2,074,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of TSLA. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Tesla in the fourth quarter worth approximately $56,600,000. Means Investment CO. Inc. grew its position in shares of Tesla by 37.7% during the 1st quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer's stock valued at $5,984,000 after acquiring an additional 6,323 shares during the period. Focus Financial Network Inc. increased its stake 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 during the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Tesla by 8.5% in the 1st quarter. IFM Investors Pty Ltd now owns 586,460 shares of the electric vehicle producer's stock worth $153,436,000 after purchasing an additional 46,087 shares during the period. Finally, Harvard Management Co. Inc. purchased a new position in Tesla in the fourth quarter valued at approximately $8,158,000. Institutional investors own 66.20% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. BNP Paribas set a $137.00 target price on Tesla and gave the company an "underperform" rating in a research note on Wednesday, April 16th. HSBC reiterated a "reduce" rating and set a $120.00 target price on shares of Tesla in a research report on Thursday, July 3rd. Argus restated a "hold" rating on shares of Tesla in a research note on Monday, June 9th. Stifel Nicolaus set a $450.00 target price on shares of Tesla and gave the company a "buy" rating in a report on Thursday, April 24th. Finally, Raymond James Financial cut Tesla to an "outperform" rating in a research report on Tuesday, April 22nd. Ten analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Tesla currently has a consensus rating of "Hold" and a consensus target price of $300.19.

Tesla Stock Performance

Tesla stock traded up $3.64 during trading hours on Friday, hitting $313.51. 78,861,329 shares of the stock traded hands, compared to its average volume of 99,596,575. Tesla, Inc. has a 1 year low of $182.00 and a 1 year high of $488.54. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.54. The firm's 50 day moving average price is $322.60 and its 200-day moving average price is $320.26.

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). The company had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. Tesla had a return on equity of 9.02% and a net margin of 6.66%. During the same period last year, the business earned $0.45 earnings per share. As a group, equities analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robyn M. Denholm sold 112,395 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $274.12, for a total value of $30,809,717.40. Following the transaction, the director directly owned 85,000 shares in the company, valued at approximately $23,300,200. This represents a 56.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 6,000 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $341.02, for a total transaction of $2,046,120.00. Following the sale, the chief financial officer directly owned 1,950 shares in the company, valued at approximately $664,989. The trade was a 75.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 835,509 shares of company stock worth $279,420,485. 20.70% of the stock is currently owned by insiders.

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.