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McGlone Suttner Wealth Management Inc. raised its stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 4.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 4,783 shares of the electric vehicle producer’s stock after buying an additional 212 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Tesla were worth $992,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. MidWestOne Financial Group Inc. grew its holdings in Tesla by 3.3% during the first quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer’s stock worth $509,000 after acquiring an additional 15 shares during the period. Linscomb & Williams Inc. increased its stake in Tesla by 3.5% in the 1st quarter. Linscomb & Williams Inc. now owns 1,233 shares of the electric vehicle producer’s stock worth $1,329,000 after purchasing an additional 42 shares in the last quarter. Salem Investment Counselors Inc. increased its stake in Tesla by 22.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 263 shares of the electric vehicle producer’s stock worth $283,000 after purchasing an additional 48 shares in the last quarter. Manchester Financial Inc. increased its stake in Tesla by 1.2% in the 4th quarter. Manchester Financial Inc. now owns 4,441 shares of the electric vehicle producer’s stock worth $547,000 after purchasing an additional 51 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. increased its stake in Tesla by 1.8% in the 4th quarter. Pinnacle Financial Partners Inc. now owns 3,176 shares of the electric vehicle producer’s stock worth $391,000 after purchasing an additional 55 shares in the last quarter. 43.51% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Vaibhav Taneja sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $250.04, for a total transaction of $3,000,480.00. Following the sale, the chief accounting officer now directly owns 104,504 shares in the company, valued at $26,130,180.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Tesla news, CFO Zachary Kirkhorn sold 3,750 shares of the company’s stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of $197.31, for a total value of $739,912.50. Following the sale, the chief financial officer now directly owns 199,323 shares in the company, valued at $39,328,421.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Vaibhav Taneja sold 12,000 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $250.04, for a total value of $3,000,480.00. Following the completion of the sale, the chief accounting officer now owns 104,504 shares in the company, valued at $26,130,180.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,730 shares of company stock worth $13,035,772. Company insiders own 20.90% of the company’s stock.

Wall Street Analysts Forecast Growth

TSLA has been the topic of a number of analyst reports. Mizuho dropped their price target on Tesla from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, April 20th. Wells Fargo & Company dropped their price target on Tesla from $190.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 20th. Tudor, Pickering, Holt & Co. cut Tesla from a “hold” rating to a “sell” rating in a research note on Thursday, April 20th. Barclays cut Tesla from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $220.00 to $260.00 in a research note on Wednesday, June 21st. Finally, JPMorgan Chase & Co. lowered their target price on Tesla from $120.00 to $115.00 and set an “underweight” rating on the stock in a research note on Thursday, April 20th. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $210.95.

Tesla Stock Up 1.7 %

Shares of TSLA stock opened at $261.77 on Monday. Tesla, Inc. has a 12 month low of $101.81 and a 12 month high of $314.67. The firm has a market cap of $829.68 billion, a PE ratio of 76.99, a price-to-earnings-growth ratio of 3.65 and a beta of 2.04. The stock has a 50 day moving average of $205.81 and a 200-day moving average of $182.24. The company has a quick ratio of 1.04, a current ratio of 1.57 and a debt-to-equity ratio of 0.03.

Tesla (NASDAQ:TSLA – Free Report) last released its quarterly earnings data on Wednesday, April 19th. The electric vehicle producer reported $0.85 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.85. The business had revenue of $23.33 billion for the quarter, compared to analysts’ expectations of $23.36 billion. Tesla had a return on equity of 27.29% and a net margin of 13.66%. Tesla’s quarterly revenue was up 24.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.95 earnings per share. On average, equities analysts predict that Tesla, Inc. will post 2.91 EPS for the current year.

About Tesla

(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. It 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, retail merchandise, and vehicle insurance services.

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Northwest Investment Counselors LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 55.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 569 shares of the electric vehicle producer’s stock after buying an additional 203 shares during the period. Northwest Investment Counselors LLC’s holdings in Tesla were worth $118,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. MidWestOne Financial Group Inc. increased its stake in shares of Tesla by 3.3% during the first quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer’s stock valued at $509,000 after buying an additional 15 shares during the period. Linscomb & Williams Inc. grew its stake in Tesla by 3.5% in the first quarter. Linscomb & Williams Inc. now owns 1,233 shares of the electric vehicle producer’s stock valued at $1,329,000 after purchasing an additional 42 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in Tesla by 22.3% in the first quarter. Salem Investment Counselors Inc. now owns 263 shares of the electric vehicle producer’s stock valued at $283,000 after purchasing an additional 48 shares during the last quarter. Manchester Financial Inc. grew its stake in Tesla by 1.2% in the fourth quarter. Manchester Financial Inc. now owns 4,441 shares of the electric vehicle producer’s stock valued at $547,000 after purchasing an additional 51 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. grew its stake in Tesla by 1.8% in the fourth quarter. Pinnacle Financial Partners Inc. now owns 3,176 shares of the electric vehicle producer’s stock valued at $391,000 after purchasing an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 43.51% of the company’s stock.

Insider Activity at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $152.44, for a total value of $1,600,620.00. Following the completion of the transaction, the senior vice president now directly owns 65,547 shares of the company’s stock, valued at approximately $9,991,984.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $152.44, for a total value of $1,600,620.00. Following the completion of the transaction, the senior vice president now directly owns 65,547 shares of the company’s stock, valued at approximately $9,991,984.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Zachary Kirkhorn sold 3,751 shares of the stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $162.70, for a total value of $610,287.70. Following the completion of the transaction, the chief financial officer now directly owns 195,572 shares of the company’s stock, valued at $31,819,564.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 151,230 shares of company stock valued at $30,055,907. 20.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TSLA shares. Wells Fargo & Company cut their target price on Tesla from $190.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 20th. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research note on Thursday, March 2nd. Wolfe Research lowered Tesla from an “outperform” rating to a “peer perform” rating in a research note on Monday, March 13th. Deutsche Bank Aktiengesellschaft boosted their price target on Tesla from $200.00 to $230.00 in a research note on Monday. Finally, Mizuho dropped their price target on Tesla from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, April 20th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $206.01.

Tesla Trading Down 6.1 %

Shares of NASDAQ:TSLA opened at $241.05 on Tuesday. Tesla, Inc. has a 1 year low of $101.81 and a 1 year high of $314.67. The firm has a market capitalization of $764.01 billion, a price-to-earnings ratio of 70.90, a price-to-earnings-growth ratio of 3.44 and a beta of 2.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.04. The business’s 50 day moving average price is $199.16 and its 200-day moving average price is $179.69.

Tesla (NASDAQ:TSLA – Get Rating) last announced its earnings results on Wednesday, April 19th. The electric vehicle producer reported $0.85 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.85. Tesla had a return on equity of 27.29% and a net margin of 13.66%. The firm had revenue of $23.33 billion for the quarter, compared to analyst estimates of $23.36 billion. During the same quarter last year, the firm posted $0.95 EPS. The business’s revenue was up 24.4% on a year-over-year basis. On average, equities research analysts forecast that Tesla, Inc. will post 3.03 earnings per share for the current fiscal year.

Tesla Profile

(Get Rating)

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. It 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, retail merchandise, and vehicle insurance services.

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Receive News & Ratings for Tesla Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Tesla and related companies with MarketBeat.com’s FREE daily email newsletter.

Carret Asset Management LLC lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 209.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,578 shares of the electric vehicle producer’s stock after purchasing an additional 3,099 shares during the quarter. Carret Asset Management LLC’s holdings in Tesla were worth $1,214,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Axiom Financial Strategies LLC raised its position in Tesla by 9.8% in the 1st quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock valued at $777,000 after buying an additional 81 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Tesla by 19.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock valued at $1,079,672,000 after purchasing an additional 164,789 shares during the period. MAS Advisors LLC grew its stake in Tesla by 25.7% in the 1st quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock valued at $433,000 after purchasing an additional 81 shares during the period. Aaron Wealth Advisors LLC grew its stake in Tesla by 116,334.1% in the 1st quarter. Aaron Wealth Advisors LLC now owns 752,164 shares of the electric vehicle producer’s stock valued at $698,000 after purchasing an additional 751,518 shares during the period. Finally, Keebeck Alpha LP bought a new position in Tesla in the 1st quarter valued at $279,000. 43.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of recent analyst reports. TheStreet downgraded Tesla from a “b-” rating to a “c+” rating in a research note on Tuesday, November 1st. Loop Capital increased their price target on Tesla to $33.33 in a research note on Monday, August 22nd. Wells Fargo & Company cut their price target on Tesla from $280.00 to $230.00 and set an “equal weight” rating for the company in a research note on Friday, October 14th. Daiwa Capital Markets cut their price target on Tesla to $240.00 in a research note on Thursday, October 27th. Finally, Cowen cut their price target on Tesla from $244.00 to $205.00 and set a “market perform” rating for the company in a research note on Thursday, October 20th. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $264.91.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 1,312 shares of Tesla stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $178.07, for a total value of $233,627.84. Following the sale, the senior vice president now directly owns 64,259 shares in the company, valued at approximately $11,442,600.13. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, SVP Andrew D. Baglino sold 1,312 shares of Tesla stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $178.07, for a total transaction of $233,627.84. Following the sale, the senior vice president now directly owns 64,259 shares in the company, valued at $11,442,600.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Elon Musk sold 9,650,000 shares of Tesla stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $208.58, for a total value of $2,012,797,000.00. Following the sale, the chief executive officer now owns 455,467,432 shares in the company, valued at $95,001,396,966.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,172,831 shares of company stock worth $4,494,844,908. 25.10% of the stock is currently owned by insiders.

Tesla Price Performance

Shares of TSLA stock opened at $157.67 on Friday. The firm has a market cap of $497.88 billion, a P/E ratio of 48.71, a P/E/G ratio of 1.58 and a beta of 1.91. Tesla, Inc. has a fifty-two week low of $153.28 and a fifty-two week high of $402.67. The business’s 50 day moving average price is $197.00 and its 200-day moving average price is $241.87. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.46.

Tesla (NASDAQ:TSLA – Get Rating) last issued its quarterly earnings data on Wednesday, October 19th. The electric vehicle producer reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The firm had revenue of $21.45 billion for the quarter, compared to analyst estimates of $21.96 billion. Tesla had a return on equity of 31.10% and a net margin of 14.95%. The business’s quarterly revenue was up 55.9% compared to the same quarter last year. During the same period last year, the company earned $0.48 EPS. On average, equities research analysts anticipate that Tesla, Inc. will post 3.61 earnings per share for the current year.

Tesla Profile

(Get Rating)

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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