Tiaa Fsb Purchases 4,274 Shares of Tesla, Inc. (NASDAQ:TSLA)

Tiaa Fsb lifted its position in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 15.6% during the 1st quarter, Holdings Channel reports. The firm owned 31,665 shares of the electric vehicle producer’s stock after buying an additional 4,274 shares during the quarter. Tiaa Fsb’s holdings in Tesla were worth $31,396,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSLA. Paragon Capital Management Ltd bought a new stake in shares of Tesla in the 4th quarter worth about $25,000. AllSquare Wealth Management LLC grew its holdings in Tesla by 766.7% during the 4th quarter. AllSquare Wealth Management LLC now owns 26 shares of the electric vehicle producer’s stock worth $27,000 after acquiring an additional 23 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in Tesla during the 4th quarter worth about $31,000. Kathleen S. Wright Associates Inc. bought a new stake in Tesla during the 4th quarter worth about $32,000. Finally, Industrial Alliance Investment Management Inc. bought a new stake in Tesla during the 4th quarter worth about $32,000. 40.64% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Andrew D. Baglino sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, March 28th. The shares were sold at an average price of $1,065.00, for a total transaction of $3,727,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Andrew D. Baglino sold 433 shares of the firm’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $718.31, for a total transaction of $311,028.23. Following the completion of the transaction, the senior vice president now directly owns 20,567 shares of the company’s stock, valued at $14,773,481.77. The disclosure for this sale can be found here. Insiders have sold a total of 416,669 shares of company stock valued at $369,312,309 over the last ninety days. Company insiders own 25.00% of the company’s stock.

Shares of TSLA stock opened at $708.26 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.35. The company has a market capitalization of $734.03 billion, a P/E ratio of 96.10, a price-to-earnings-growth ratio of 2.11 and a beta of 2.13. The company’s 50 day moving average price is $789.93 and its two-hundred day moving average price is $902.53. Tesla, Inc. has a 52 week low of $620.46 and a 52 week high of $1,243.49.

Tesla (NASDAQ:TSLAGet Rating) last announced its earnings results on Wednesday, April 20th. The electric vehicle producer reported $2.86 EPS for the quarter, topping the consensus estimate of $1.64 by $1.22. The firm had revenue of $18.76 billion for the quarter, compared to the consensus estimate of $17.84 billion. Tesla had a net margin of 13.51% and a return on equity of 28.11%. The business’s quarterly revenue was up 80.5% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS. Analysts forecast that Tesla, Inc. will post 10.25 earnings per share for the current year.

TSLA has been the topic of a number of research analyst reports. Sanford C. Bernstein increased their price objective on shares of Tesla from $300.00 to $450.00 and gave the stock an “underperform” rating in a report on Monday, February 28th. StockNews.com initiated coverage on shares of Tesla in a report on Thursday, March 31st. They set a “hold” rating on the stock. Berenberg Bank began coverage on shares of Tesla in a report on Tuesday, May 10th. They set a “hold” rating and a $900.00 price objective on the stock. BNP Paribas reduced their target price on shares of Tesla from $700.00 to $600.00 and set an “underperform” rating on the stock in a research note on Wednesday, May 18th. Finally, Citigroup raised their target price on shares of Tesla from $313.00 to $375.00 and gave the company a “sell” rating in a research note on Thursday, April 21st. Eight analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $894.73.

Tesla Profile (Get Rating)

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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