Register Financial Advisors LLC boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 32.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,677 shares of the electric vehicle producer’s stock after buying an additional 413 shares during the period. Register Financial Advisors LLC’s holdings in Tesla were worth $295,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of TSLA. Apexium Financial LP raised its holdings in Tesla by 736.8% in the fourth quarter. Apexium Financial LP now owns 24,954 shares of the electric vehicle producer’s stock worth $6,201,000 after purchasing an additional 21,972 shares in the last quarter. Mount Vernon Associates Inc. MD lifted its position in Tesla by 5.3% during 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 acquiring an additional 350 shares during the last quarter. Forum Financial Management LP boosted its stake in 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 acquiring an additional 3,582 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in Tesla by 16.6% in the fourth quarter. J.W. Cole Advisors Inc. now owns 46,414 shares of the electric vehicle producer’s stock worth $11,533,000 after purchasing an additional 6,615 shares during the last quarter. Finally, Catalyst Financial Partners LLC increased its position in shares of Tesla by 9.4% during the fourth quarter. Catalyst Financial Partners LLC now owns 6,978 shares of the electric vehicle producer’s stock worth $1,734,000 after purchasing an additional 598 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.
Tesla Stock Performance
NASDAQ TSLA opened at $197.88 on Friday. The stock has a market capitalization of $631.08 billion, a price-to-earnings ratio of 50.48, a PEG ratio of 4.90 and a beta of 2.32. The stock has a 50-day moving average of $177.80 and a 200 day moving average of $192.03. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29.
Tesla (NASDAQ:TSLA – Get Free Report) last announced its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The business had revenue of $21.30 billion during the quarter, compared to the consensus estimate of $22.15 billion. Sell-side analysts anticipate that Tesla, Inc. will post 1.87 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on TSLA. New Street Research reissued a “buy” rating and issued a $235.00 price objective on shares of Tesla in a research report on Tuesday. Wedbush restated an “outperform” rating and set a $275.00 price target on shares of Tesla in a research note on Friday, June 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $230.00 price objective on shares of Tesla in a research report on Monday, June 24th. HSBC dropped their target price on shares of Tesla from $138.00 to $120.00 and set a “reduce” rating on the stock in a research report on Wednesday, April 24th. Finally, Royal Bank of Canada lowered their price objective 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. Seven analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Tesla currently has an average rating of “Hold” and an average price target of $187.30.
Check Out Our Latest Analysis on Tesla
Insider Buying and Selling at Tesla
In other news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at $5,502,726. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $5,502,726. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the sale, 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. Insiders have sold a total of 104,855 shares of company stock valued at $19,285,643 over the last ninety days. Corporate insiders own 25.10% 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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