Aletheian Wealth Advisors LLC raised its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 1.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 4,842 shares of the electric vehicle producer’s stock after buying an additional 90 shares during the period. Aletheian Wealth Advisors LLC’s holdings in Tesla were worth $851,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in TSLA. Vanguard Group Inc. lifted its holdings in Tesla by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 229,806,372 shares of the electric vehicle producer’s stock valued at $57,102,287,000 after buying an additional 3,866,361 shares during the period. Norges Bank bought a new stake in shares of Tesla during the 4th quarter valued at $7,844,757,000. Morgan Stanley boosted its position in shares of Tesla by 7.8% in the 3rd quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock worth $7,546,823,000 after purchasing an additional 2,177,397 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Tesla by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,155,878 shares of the electric vehicle producer’s stock worth $3,765,933,000 after purchasing an additional 458,804 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Tesla by 0.3% during the third quarter. American Century Companies Inc. now owns 6,702,634 shares of the electric vehicle producer’s stock worth $1,677,133,000 after purchasing an additional 19,887 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.
Tesla Trading Up 2.6 %
Shares of Tesla stock opened at $187.35 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. The business has a fifty day simple moving average of $175.02 and a two-hundred day simple moving average of $192.25. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $299.29. The company has a market capitalization of $597.50 billion, a price-to-earnings ratio of 47.79, a P/E/G ratio of 4.54 and a beta of 2.32.
Tesla (NASDAQ:TSLA – Get Free Report) last posted its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The company had revenue of $21.30 billion during the quarter, compared to analysts’ expectations of $22.15 billion. Research analysts forecast that Tesla, Inc. will post 1.87 EPS for the current year.
Wall Street Analyst Weigh In
TSLA has been the topic of a number of recent analyst reports. Bank of America upgraded Tesla from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a report on Wednesday, April 24th. Mizuho lowered their target price on shares of Tesla from $195.00 to $180.00 and set a “neutral” rating for the company in a research note on Wednesday, April 24th. Canaccord Genuity Group reduced their price target on shares of Tesla from $234.00 to $222.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Citigroup reissued a “neutral” rating on shares of Tesla in a report on Wednesday, June 12th. Finally, Evercore ISI dropped their price objective on Tesla from $155.00 to $145.00 and set an “in-line” rating on the stock in a research note on Monday, April 29th. Seven analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $187.30.
View Our Latest Stock Analysis on Tesla
Insider Transactions at Tesla
In other news, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares in the company, valued at $11,350,652.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP Xiaotong Zhu sold 650 shares of the business’s 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 sale, the senior vice president now owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the firm’s 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 transaction, the director now directly owns 15,000 shares in the company, valued at $2,772,900. The disclosure for this sale can be found here. Insiders sold a total of 104,855 shares of company stock worth $19,285,643 over the last quarter. Company insiders own 20.90% of the company’s stock.
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.
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