Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Increased by BluePath Capital Management LLC

BluePath Capital Management LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 3.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 14,258 shares of the electric vehicle producer’s stock after purchasing an additional 497 shares during the quarter. Tesla makes up approximately 1.9% of BluePath Capital Management LLC’s holdings, making the stock its 8th largest position. BluePath Capital Management LLC’s holdings in Tesla were worth $2,506,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Glenmede Trust Co. NA grew its holdings in shares of Tesla by 3.5% during the third quarter. Glenmede Trust Co. NA now owns 38,224 shares of the electric vehicle producer’s stock worth $9,564,000 after purchasing an additional 1,303 shares during the last quarter. AXQ Capital LP purchased a new position in shares of Tesla during the third quarter worth about $976,000. Ameriprise Financial Inc. grew its holdings in shares of Tesla by 1.0% during the third quarter. Ameriprise Financial Inc. now owns 5,720,635 shares of the electric vehicle producer’s stock worth $1,431,432,000 after purchasing an additional 58,184 shares during the last quarter. Alerus Financial NA grew its holdings in shares of Tesla by 75.0% during the third quarter. Alerus Financial NA now owns 36,255 shares of the electric vehicle producer’s stock worth $9,072,000 after purchasing an additional 15,537 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its holdings in shares of Tesla by 2.4% during the third quarter. Adage Capital Partners GP L.L.C. now owns 2,658,100 shares of the electric vehicle producer’s stock worth $665,110,000 after purchasing an additional 61,900 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Trading Up 6.5 %

TSLA stock traded up $15.13 during midday trading on Wednesday, hitting $246.39. The stock had a trading volume of 166,561,422 shares, compared to its average volume of 97,073,484. The firm has a market cap of $785.79 billion, a PE ratio of 62.85, a price-to-earnings-growth ratio of 4.91 and a beta of 2.31. 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 company’s 50-day moving average price is $180.89 and its 200 day moving average price is $190.93.

Tesla (NASDAQ:TSLA) last released its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The firm had revenue of $21.30 billion during the quarter, compared to analysts’ expectations of $22.15 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. On average, equities research analysts predict that Tesla, Inc. will post 1.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TSLA. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research note on Wednesday, April 24th. Evercore ISI decreased their target price on shares of Tesla from $155.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, April 29th. Morgan Stanley reiterated an “overweight” rating and set a $310.00 target price on shares of Tesla in a research note on Thursday, June 20th. Roth Mkm reiterated a “neutral” rating and set a $85.00 target price on shares of Tesla in a research note on Wednesday, April 24th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $175.00 target price on shares of Tesla in a research note on Wednesday. Seven research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $189.47.

Insiders Place Their Bets

In other Tesla news, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total value of $113,236.50. Following the transaction, the senior vice president now 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 the SEC website. In other Tesla news, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total value of $113,236.50. Following the transaction, the senior vice president now 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 the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction on Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,772,900. The disclosure for this sale can be found here. 20.90% of the stock is owned by corporate insiders.

About Tesla

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.