Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 19.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,449 shares of the electric vehicle producer’s stock after purchasing an additional 391 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Tesla were worth $635,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Wealth Group Ltd. acquired a new stake in Tesla in the 4th quarter valued at about $275,000. Comprehensive Financial Planning Inc. PA acquired a new stake in Tesla in the 4th quarter valued at about $1,361,000. Tallon Kerry Patrick acquired a new stake in Tesla in the 4th quarter valued at about $374,000. Eagle Capital Management LLC acquired a new stake in Tesla in the 4th quarter valued at about $331,000. Finally, Brighton Jones LLC lifted its holdings in Tesla by 11.8% in the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after acquiring an additional 9,293 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Price Performance

TSLA stock opened at $326.43 on Thursday. The company has a fifty day moving average price of $295.60 and a 200-day moving average price of $333.11. The company has a market capitalization of $1.05 trillion, a P/E ratio of 160.02, a PEG ratio of 5.86 and a beta of 2.47. Tesla, Inc. has a 52-week low of $169.80 and a 52-week high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The business had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same period in the previous year, the business posted $0.45 EPS. As a group, equities analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TSLA shares. Cantor Fitzgerald cut their price target on shares of Tesla from $425.00 to $355.00 and set an “overweight” rating for the company in a report on Wednesday, April 23rd. Raymond James downgraded shares of Tesla to an “outperform” rating in a report on Tuesday, April 22nd. Benchmark restated a “buy” rating and set a $350.00 price objective on shares of Tesla in a report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft cut their price objective on Tesla from $420.00 to $345.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Finally, Wells Fargo & Company cut their price objective on Tesla from $135.00 to $130.00 and set an “underweight” rating on the stock in a report on Friday, March 14th. Ten equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $293.67.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction on Monday, April 7th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief financial officer now owns 26,950 shares of the company’s stock, valued at $6,737,500. This trade represents a 12.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robyn M. Denholm sold 112,395 shares of Tesla stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $274.12, for a total transaction of $30,809,717.40. Following the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at $23,300,200. This represents a 56.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 818,509 shares of company stock valued at $273,791,775 over the last quarter. Insiders own 20.70% of the company’s stock.

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.