Tesla, Inc. (NASDAQ:TSLA) is PFG Investments LLC's 5th Largest Position

PFG Investments LLC raised its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 42.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 132,034 shares of the electric vehicle producer's stock after buying an additional 39,142 shares during the period. Tesla accounts for 1.4% of PFG Investments LLC's investment portfolio, making the stock its 5th biggest holding. PFG Investments LLC's holdings in Tesla were worth $23,210,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSLA. Wyrmwood Management LLC purchased a new stake in shares of Tesla during the 4th quarter worth approximately $25,000. Lam Group Inc. purchased a new stake in shares of Tesla during the 4th quarter worth approximately $25,000. Mendota Financial Group LLC increased its stake in shares of Tesla by 202.2% during the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer's stock worth $34,000 after purchasing an additional 91 shares during the last quarter. Ogorek Anthony Joseph NY ADV increased its stake in shares of Tesla by 94.5% during the 3rd quarter. Ogorek Anthony Joseph NY ADV now owns 142 shares of the electric vehicle producer's stock worth $35,000 after purchasing an additional 69 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A purchased a new stake in shares of Tesla during the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,631,600. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the business's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total value of $2,143,785.00. Following the transaction, the senior vice president now owns 31,230 shares in the company, valued at $6,376,229.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the business's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the completion of the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,631,600. The disclosure for this sale can be found here. Insiders have sold a total of 209,098 shares of company stock worth $38,802,534 in the last 90 days. 25.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on TSLA. JPMorgan Chase & Co. cut their price objective on shares of Tesla from $130.00 to $115.00 and set an "underweight" rating for the company in a report on Wednesday, April 3rd. Royal Bank of Canada cut their price objective on shares of Tesla from $294.00 to $293.00 and set an "outperform" rating for the company in a report on Wednesday. TD Cowen cut their price objective on shares of Tesla from $200.00 to $180.00 and set a "market perform" rating for the company in a report on Thursday, January 25th. Redburn Atlantic began coverage on shares of Tesla in a report on Wednesday, January 24th. They issued a "sell" rating and a $170.00 price objective for the company. Finally, KGI Securities reaffirmed a "neutral" rating and issued a $213.00 price objective (down from $309.00) on shares of Tesla in a report on Thursday, January 25th. Eight research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Tesla currently has an average rating of "Hold" and an average target price of $186.70.

Tesla Trading Down 1.1 %

NASDAQ:TSLA traded down $1.89 during trading hours on Friday, reaching $168.29. The company's stock had a trading volume of 109,309,500 shares, compared to its average volume of 100,050,800. The firm has a market capitalization of $536.71 billion, a price-to-earnings ratio of 42.93, a PEG ratio of 4.50 and a beta of 2.39. The firm has a 50-day simple moving average of $175.04 and a 200-day simple moving average of $207.61. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $299.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.25 and a current ratio of 1.72.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.03). The business had revenue of $25.17 billion during the quarter, compared to analysts' expectations of $25.64 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. Tesla's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.07 EPS. Research analysts expect that Tesla, Inc. will post 1.97 EPS for the current fiscal 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.

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