Cambient Family Office LLC Makes New $2.73 Million Investment in Tesla, Inc. $TSLA

Cambient Family Office LLC acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) in the fourth quarter, Holdings Channel reports. The fund acquired 6,068 shares of the electric vehicle producer’s stock, valued at approximately $2,729,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of 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 in the last quarter. Revolve Wealth Partners LLC grew its position in Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after purchasing an additional 931 shares in the last quarter. Bison Wealth LLC raised its stake in Tesla by 52.2% during the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock valued at $4,187,000 after purchasing an additional 3,558 shares during the period. Sivia Capital Partners LLC raised its stake in Tesla by 9.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock valued at $3,855,000 after purchasing an additional 1,011 shares during the period. Finally, AGP Franklin LLC lifted its holdings in shares of Tesla by 21.2% in the second quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock valued at $1,544,000 after purchasing an additional 851 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on TSLA shares. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research report on Thursday, June 11th. Canaccord Genuity Group increased their price objective on Tesla from $420.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. BNP Paribas Exane lowered Tesla from a “hold” rating to an “underperform” rating in a research report on Friday, June 5th. Phillip Securities lowered their target price on Tesla from $220.00 to $215.00 and set a “sell” rating on the stock in a research note on Wednesday, May 13th. Finally, The Goldman Sachs Group initiated coverage on Tesla in a report on Friday, June 5th. They issued a “buy” rating on the stock. Twenty-one analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Tesla currently has an average rating of “Hold” and an average price target of $404.37.

Check Out Our Latest Stock Analysis on TSLA

Key Tesla News

Here are the key news stories impacting Tesla this week:

Tesla Trading Up 1.0%

NASDAQ TSLA opened at $400.49 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 1-year low of $288.77 and a 1-year high of $498.83. The firm’s fifty day simple moving average is $402.19 and its 200-day simple moving average is $415.36. The company has a market capitalization of $1.50 trillion, a PE ratio of 367.42, a price-to-earnings-growth ratio of 15.84 and a beta of 1.80.

Tesla (NASDAQ:TSLAGet Free Report) last released its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. During the same quarter last year, the firm earned $0.27 earnings per share. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Tesla, Inc. will post 1.19 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the transaction, the chief financial officer owned 22,039 shares in the company, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the transaction, the director directly owned 48,399 shares in the company, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 57,824 shares of company stock valued at $21,657,588. 19.90% of the stock is owned by corporate insiders.

About Tesla

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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