Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Wright Investors Service Inc.

Wright Investors Service Inc. lifted its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 112.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 12,733 shares of the electric vehicle producer's stock after purchasing an additional 6,753 shares during the period. Tesla comprises 1.1% of Wright Investors Service Inc.'s holdings, making the stock its 27th biggest position. Wright Investors Service Inc.'s holdings in Tesla were worth $3,300,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TSLA. Dakota Community Bank & Trust NA raised its position in shares of Tesla by 20.2% in the 1st quarter. Dakota Community Bank & Trust NA now owns 744 shares of the electric vehicle producer's stock worth $193,000 after acquiring an additional 125 shares in the last quarter. Advance Capital Management Inc. increased its position in Tesla by 18.7% during the 1st quarter. Advance Capital Management Inc. now owns 4,573 shares of the electric vehicle producer's stock valued at $1,185,000 after buying an additional 722 shares in the last quarter. Czech National Bank raised its position in shares of Tesla by 6.1% in the 1st quarter. Czech National Bank now owns 642,596 shares of the electric vehicle producer's stock valued at $166,535,000 after purchasing an additional 37,192 shares during the last quarter. Mirador Capital Partners LP lifted its stake in shares of Tesla by 77.5% during the first quarter. Mirador Capital Partners LP now owns 7,574 shares of the electric vehicle producer's stock worth $1,963,000 after buying an additional 3,307 shares during the period. Finally, Mechanics Bank Trust Department purchased a new stake in Tesla during the 1st quarter valued at about $288,000. Institutional investors own 66.20% of the company's stock.

Wall Street Analyst Weigh In

TSLA has been the subject of several recent research reports. 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. Mizuho lifted their price objective on Tesla from $325.00 to $390.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Wells Fargo & Company decreased their target price on Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a research report on Friday, March 14th. Argus set a $410.00 price objective on Tesla in a research note on Thursday, April 24th. Finally, Royal Bank of Canada lowered their target price on shares of Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Ten analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $293.97.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 2,672 shares of Tesla stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $268.73, for a total value of $718,046.56. Following the sale, the chief financial officer now owns 26,950 shares of the company's stock, valued at $7,242,273.50. The trade was a 9.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James R. Murdoch sold 54,776 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the transaction, the director now directly owns 477,011 shares of the company's stock, valued at $114,859,478.69. This represents a 10.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 866,393 shares of company stock worth $284,570,654. 20.70% of the stock is currently owned by insiders.

Tesla Stock Performance

NASDAQ:TSLA traded down $11.28 during trading hours on Wednesday, reaching $332.99. 70,693,987 shares of the company's stock were exchanged, compared to its average volume of 98,114,948. Tesla, Inc. has a 1-year low of $167.41 and a 1-year high of $488.54. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.07 trillion, a price-to-earnings ratio of 163.23, a P/E/G ratio of 5.86 and a beta of 2.43. The company has a 50-day moving average of $289.75 and a 200 day moving average of $334.35.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its 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). The business had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same quarter last year, the company posted $0.45 EPS. Research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

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.