Tesla, Inc. (NASDAQ:TSLA) Stake Lifted by Clarity Capital Partners LLC

Clarity Capital Partners LLC raised its position in Tesla, Inc. (NASDAQ:TSLAFree Report) by 13.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 47,723 shares of the electric vehicle producer’s stock after purchasing an additional 5,694 shares during the period. Tesla accounts for approximately 5.5% of Clarity Capital Partners LLC’s portfolio, making the stock its biggest holding. Clarity Capital Partners LLC’s holdings in Tesla were worth $8,389,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSLA. Catalina Capital Group LLC raised its holdings in shares of Tesla by 199.0% during the 1st quarter. Catalina Capital Group LLC now owns 5,942 shares of the electric vehicle producer’s stock worth $1,044,000 after acquiring an additional 3,955 shares during the period. TFB Advisors LLC grew its position in Tesla by 40.6% in the 1st quarter. TFB Advisors LLC now owns 4,096 shares of the electric vehicle producer’s stock valued at $737,000 after acquiring an additional 1,183 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in Tesla in the 1st quarter valued at about $24,496,000. Larson Financial Group LLC grew its position in Tesla by 3.1% in the 1st quarter. Larson Financial Group LLC now owns 13,879 shares of the electric vehicle producer’s stock valued at $2,440,000 after acquiring an additional 413 shares in the last quarter. Finally, Callan Capital LLC grew its position in Tesla by 113.2% in the 1st quarter. Callan Capital LLC now owns 15,596 shares of the electric vehicle producer’s stock valued at $2,742,000 after acquiring an additional 8,281 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In other news, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the transaction, the senior vice president now directly owns 65,155 shares in the company, valued at approximately $11,350,652.55. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction dated Thursday, June 6th. The stock was 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 in the company, valued at $11,350,652.55. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of the sale, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The disclosure for this sale can be found here. Company insiders own 20.90% of the company’s stock.

Tesla Trading Up 0.4 %

NASDAQ TSLA traded up $0.93 during trading hours on Wednesday, hitting $263.26. 127,980,891 shares of the company’s stock were exchanged, compared to its average volume of 98,692,945. The business’s 50 day moving average is $190.19 and its 200-day moving average is $191.41. The firm has a market capitalization of $839.59 billion, a P/E ratio of 67.16, a price-to-earnings-growth ratio of 6.27 and a beta of 2.31. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $299.29.

Tesla (NASDAQ:TSLAGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. The company had revenue of $21.30 billion for the quarter, compared to the consensus estimate of $22.15 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. As a group, analysts anticipate that Tesla, Inc. will post 1.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TSLA has been the subject of several research reports. Stifel Nicolaus initiated coverage on Tesla in a research report on Tuesday, June 25th. They issued a “buy” rating and a $265.00 target price for the company. Piper Sandler reissued an “overweight” rating and set a $205.00 price objective on shares of Tesla in a research report on Monday, April 22nd. Robert W. Baird reissued an “outperform” rating and set a $280.00 price objective on shares of Tesla in a research report on Wednesday, April 17th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research report on Wednesday, April 24th. Finally, Jefferies Financial Group lowered their price objective on Tesla from $185.00 to $165.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. Seven equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $195.39.

Check Out Our Latest Analysis on Tesla

Tesla Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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