Capital Asset Advisory Services LLC Has $3.36 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Capital Asset Advisory Services LLC grew its position in Tesla, Inc. (NASDAQ:TSLA) by 25.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,396 shares of the electric vehicle producer’s stock after buying an additional 4,130 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Tesla were worth $3,363,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. grew its holdings in Tesla by 18.5% during the 3rd quarter. Mather Group LLC. now owns 9,855 shares of the electric vehicle producer’s stock worth $2,466,000 after acquiring an additional 1,541 shares during the last quarter. Roundview Capital LLC grew its holdings in Tesla by 24.9% during the 3rd quarter. Roundview Capital LLC now owns 7,733 shares of the electric vehicle producer’s stock worth $1,935,000 after acquiring an additional 1,543 shares during the last quarter. Private Advisory Group LLC grew its holdings in Tesla by 15.1% during the 3rd quarter. Private Advisory Group LLC now owns 48,723 shares of the electric vehicle producer’s stock worth $12,191,000 after acquiring an additional 6,401 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Tesla by 60.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 189,031 shares of the electric vehicle producer’s stock worth $47,299,000 after acquiring an additional 71,255 shares during the last quarter. Finally, Beacon Bridge Wealth Partners LLC boosted its stake in shares of Tesla by 4.7% in the 3rd quarter. Beacon Bridge Wealth Partners LLC now owns 4,065 shares of the electric vehicle producer’s stock valued at $1,017,000 after purchasing an additional 183 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Price Performance

TSLA traded up $0.46 on Friday, reaching $197.88. The company had a trading volume of 94,899,325 shares, compared to its average volume of 95,329,102. The business has a 50 day simple moving average of $175.83 and a 200 day simple moving average of $192.28. The company has a market cap of $631.08 billion, a price-to-earnings ratio of 50.03, a P/E/G ratio of 4.87 and a beta of 2.32. 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 52-week low of $138.80 and a 52-week high of $299.29.

Tesla (NASDAQ:TSLA) last announced its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $21.30 billion for the quarter, compared to the consensus estimate of $22.15 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. As a group, sell-side analysts anticipate that Tesla, Inc. will post 1.87 EPS for the current year.

Insiders Place Their Bets

In other Tesla news, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction on Thursday, June 6th. The shares were 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 of the company’s stock, valued at $11,350,652.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at $5,502,726. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,855 shares of company stock valued at $19,285,643. 25.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TSLA shares. Evercore ISI cut their target price on shares of Tesla from $155.00 to $145.00 and set an “in-line” rating on the stock in a research note on Monday, April 29th. Stifel Nicolaus started coverage on shares of Tesla in a research note on Tuesday. They set a “buy” rating and a $265.00 target price on the stock. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Wednesday, April 24th. Mizuho lowered their price objective on shares of Tesla from $195.00 to $180.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Finally, HSBC lowered their price objective on shares of Tesla from $138.00 to $120.00 and set a “reduce” rating on the stock in a report on Wednesday, April 24th. Seven investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $187.30.

Tesla Company 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.