Nvest Financial LLC Buys 4,790 Shares of Tesla, Inc. (NASDAQ:TSLA)

Nvest Financial LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA) by 336.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 6,213 shares of the electric vehicle producer’s stock after buying an additional 4,790 shares during the quarter. Nvest Financial LLC’s holdings in Tesla were worth $1,092,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Apexium Financial LP raised its position in shares of Tesla by 736.8% in the fourth quarter. Apexium Financial LP now owns 24,954 shares of the electric vehicle producer’s stock valued at $6,201,000 after purchasing an additional 21,972 shares during the period. Mount Vernon Associates Inc. MD raised its position in shares of Tesla by 5.3% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock valued at $1,724,000 after purchasing an additional 350 shares during the period. Forum Financial Management LP raised its position in shares of Tesla by 19.7% in the fourth quarter. Forum Financial Management LP now owns 21,772 shares of the electric vehicle producer’s stock valued at $5,410,000 after purchasing an additional 3,582 shares during the period. J.W. Cole Advisors Inc. increased its holdings in Tesla by 16.6% during the 4th quarter. J.W. Cole Advisors Inc. now owns 46,414 shares of the electric vehicle producer’s stock worth $11,533,000 after acquiring an additional 6,615 shares during the period. Finally, Catalyst Financial Partners LLC increased its holdings in Tesla by 9.4% during the 4th quarter. Catalyst Financial Partners LLC now owns 6,978 shares of the electric vehicle producer’s stock worth $1,734,000 after acquiring an additional 598 shares during the period. Institutional investors own 66.20% of the company’s stock.

Insiders Place Their Bets

In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,772,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the transaction, the senior vice president now directly owns 65,155 shares in the company, valued at approximately $11,350,652.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,772,900. The disclosure for this sale can be found here. Company insiders own 20.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and set a $275.00 target price on shares of Tesla in a report on Friday, June 14th. HSBC decreased their target price on shares of Tesla from $138.00 to $120.00 and set a “reduce” rating on the stock in a report on Wednesday, April 24th. Royal Bank of Canada cut their price target on shares of Tesla from $293.00 to $227.00 and set an “outperform” rating for the company in a research note on Thursday, June 20th. New Street Research reissued a “buy” rating and issued a $235.00 price target on shares of Tesla in a research note on Tuesday, June 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Tesla from $123.00 to $136.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. Seven investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Tesla has an average rating of “Hold” and a consensus target price of $187.30.

Tesla Trading Up 10.2 %

TSLA traded up $21.40 during trading on Tuesday, hitting $231.26. 202,700,192 shares of the stock traded hands, compared to its average volume of 96,511,578. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $299.29. The firm has a market capitalization of $737.53 billion, a P/E ratio of 59.00, a price-to-earnings-growth ratio of 4.91 and a beta of 2.31. The firm has a 50-day moving average of $179.16 and a 200 day moving average of $191.09.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The business had revenue of $21.30 billion during the quarter, compared to analyst estimates of $22.15 billion. Equities research analysts anticipate that Tesla, Inc. will post 1.86 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.