Legacy Financial Advisors Inc. increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 14.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 860 shares of the electric vehicle producer’s stock after purchasing an additional 110 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Tesla were worth $574,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearview Wealth Advisors LLC purchased a new position in Tesla during the fourth quarter worth about $25,000. Flagship Private Wealth LLC bought a new stake in Tesla during the fourth quarter valued at about $26,000. Clear Investment Research LLC bought a new stake in shares of Tesla during the fourth quarter valued at approximately $26,000. Veritas Investment Partners UK Ltd. purchased a new stake in shares of Tesla during the fourth quarter valued at $28,000. Finally, Psagot Investment House Ltd. acquired a new position in shares of Tesla in the fourth quarter worth about $28,000. Institutional investors own 41.39% of the company’s stock.

Several research analysts have recently weighed in on the stock. Wedbush restated a “buy” rating and issued a $1,000.00 target price on shares of Tesla in a research note on Friday, April 9th. JMP Securities lowered shares of Tesla from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 28th. They noted that the move was a valuation call. Edward Jones initiated coverage on shares of Tesla in a research note on Wednesday, January 13th. They set a “hold” rating on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $700.00 price target (down from $775.00) on shares of Tesla in a report on Monday, March 29th. Finally, Exane BNP Paribas lowered Tesla from a “neutral” rating to an “underperform” rating and set a $340.00 price objective for the company. in a research report on Tuesday, January 5th. Eleven analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $421.93.

In other news, Director Kimbal Musk sold 30,000 shares of the business’s stock in a transaction on Tuesday, February 9th. The stock was sold at an average price of $852.12, for a total value of $25,563,600.00. Following the completion of the transaction, the director now directly owns 621,769 shares of the company’s stock, valued at $529,821,800.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jerome M. Guillen sold 600 shares of the company’s stock in a transaction on Wednesday, March 10th. The shares were sold at an average price of $711.30, for a total value of $426,780.00. Following the completion of the transaction, the insider now owns 50,798 shares of the company’s stock, valued at $36,132,617.40. The disclosure for this sale can be found here. Insiders have sold a total of 145,153 shares of company stock worth $109,617,129 in the last three months. Corporate insiders own 23.00% of the company’s stock.

Shares of TSLA opened at $684.90 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.63 and a quick ratio of 1.32. The firm’s 50 day moving average is $687.41 and its 200-day moving average is $659.28. Tesla, Inc. has a 12-month low of $139.60 and a 12-month high of $900.40. The stock has a market capitalization of $659.78 billion, a P/E ratio of 1,375.30, a P/E/G ratio of 8.81 and a beta of 2.18.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Sunday, April 25th. The electric vehicle producer reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.14. The business had revenue of $10.39 billion for the quarter, compared to analyst estimates of $9.89 billion. Tesla had a net margin of 1.97% and a return on equity of 4.93%. The firm’s revenue for the quarter was up 73.6% on a year-over-year basis. During the same quarter last year, the business posted $0.23 EPS. As a group, equities research analysts forecast that Tesla, Inc. will post 1.02 EPS for the current fiscal 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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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