JustInvest LLC Grows Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)


Share on StockTwits

JustInvest LLC grew its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 14.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,184 shares of the electric vehicle producer’s stock after buying an additional 1,283 shares during the quarter. Tesla accounts for approximately 1.0% of JustInvest LLC’s investment portfolio, making the stock its 8th biggest holding. JustInvest LLC’s holdings in Tesla were worth $6,802,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Hohimer Wealth Management LLC boosted its stake in Tesla by 0.8% in the fourth quarter. Hohimer Wealth Management LLC now owns 1,552 shares of the electric vehicle producer’s stock valued at $1,095,000 after acquiring an additional 12 shares during the last quarter. SNS Financial Group LLC raised its stake in shares of Tesla by 0.3% in the fourth quarter. SNS Financial Group LLC now owns 3,824 shares of the electric vehicle producer’s stock valued at $2,698,000 after buying an additional 12 shares during the period. Steigerwald Gordon & Koch Inc. lifted its holdings in Tesla by 1.2% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 1,098 shares of the electric vehicle producer’s stock valued at $775,000 after purchasing an additional 13 shares during the last quarter. Lincoln Capital Corp increased its stake in shares of Tesla by 1.2% in the first quarter. Lincoln Capital Corp now owns 1,164 shares of the electric vehicle producer’s stock worth $777,000 after purchasing an additional 14 shares in the last quarter. Finally, Ballast Advisors LLC raised its position in shares of Tesla by 2.5% in the first quarter. Ballast Advisors LLC now owns 584 shares of the electric vehicle producer’s stock valued at $390,000 after purchasing an additional 14 shares during the period. 41.39% of the stock is owned by institutional investors.

Shares of TSLA stock traded down $22.92 during mid-day trading on Tuesday, hitting $661.98. 518,779 shares of the stock were exchanged, compared to its average volume of 34,665,016. Tesla, Inc. has a 52-week low of $139.60 and a 52-week high of $900.40. The company has a quick ratio of 1.32, a current ratio of 1.63 and a debt-to-equity ratio of 0.63. The company has a market cap of $637.71 billion, a PE ratio of 1,375.30, a price-to-earnings-growth ratio of 8.81 and a beta of 2.18. The firm has a fifty day moving average of $687.41 and a 200 day moving average of $659.28.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Sunday, April 25th. The electric vehicle producer reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.14. The business had revenue of $10.39 billion during the quarter, compared to analysts’ expectations of $9.89 billion. Tesla had a return on equity of 4.93% and a net margin of 1.97%. The business’s revenue was up 73.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share. Equities analysts predict that Tesla, Inc. will post 1.02 EPS for the current year.

Several brokerages have recently weighed in on TSLA. FIX upgraded Tesla to a “buy” rating in a research report on Tuesday, March 9th. Edward Jones assumed coverage on Tesla in a research report on Wednesday, January 13th. They set a “hold” rating on the stock. Canaccord Genuity raised Tesla to a “buy” rating in a research note on Tuesday, April 27th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $700.00 price target (down from $775.00) on shares of Tesla in a research note on Monday, March 29th. Finally, Morgan Stanley increased their price target on shares of Tesla to $900.00 and gave the company an “overweight” rating in a research report on Wednesday, April 28th. Eleven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Tesla presently has a consensus rating of “Hold” and a consensus target price of $421.93.

In other Tesla news, CAO Vaibhav Taneja sold 1,844 shares of the firm’s stock in a transaction that occurred on Monday, March 8th. The shares were sold at an average price of $595.08, for a total value of $1,097,327.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Andrew D. Baglino sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 10th. The shares were sold at an average price of $807.89, for a total value of $3,231,560.00. Following the completion of the sale, the senior vice president now owns 23,226 shares of the company’s stock, valued at $18,764,053.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 145,153 shares of company stock valued at $109,617,129. 23.00% of the stock is owned by corporate 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.

Featured Story: Diluted Earnings Per Share

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.