Caldwell Sutter Capital Inc. Purchases 303 Shares of Tesla, Inc. (NASDAQ:TSLA)

Caldwell Sutter Capital Inc. lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 166.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 485 shares of the electric vehicle producer’s stock after acquiring an additional 303 shares during the quarter. Caldwell Sutter Capital Inc.’s holdings in Tesla were worth $85,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TSLA. Glenmede Trust Co. NA raised its holdings in shares of Tesla by 3.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 38,224 shares of the electric vehicle producer’s stock valued at $9,564,000 after acquiring an additional 1,303 shares in the last quarter. AXQ Capital LP purchased a new stake in shares of Tesla in the 3rd quarter valued at about $976,000. Ameriprise Financial Inc. raised its holdings in shares of Tesla by 1.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,720,635 shares of the electric vehicle producer’s stock valued at $1,431,432,000 after acquiring an additional 58,184 shares in the last quarter. Alerus Financial NA raised its holdings in shares of Tesla by 75.0% in the 3rd quarter. Alerus Financial NA now owns 36,255 shares of the electric vehicle producer’s stock valued at $9,072,000 after acquiring an additional 15,537 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its holdings in shares of Tesla by 2.4% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 2,658,100 shares of the electric vehicle producer’s stock valued at $665,110,000 after acquiring an additional 61,900 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TSLA. Canaccord Genuity Group raised their price target on Tesla from $222.00 to $254.00 and gave the company a “buy” rating in a report on Wednesday. Truist Financial reissued a “hold” rating and set a $162.00 price objective on shares of Tesla in a report on Wednesday. Morgan Stanley reissued an “overweight” rating and set a $310.00 price objective on shares of Tesla in a report on Thursday, June 20th. Sanford C. Bernstein reissued an “underperform” rating and set a $120.00 price objective on shares of Tesla in a report on Monday, June 10th. Finally, Roth Mkm reissued a “neutral” rating and set a $85.00 price objective on shares of Tesla in a report on Wednesday, April 24th. Seven analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $189.47.

Insider Buying and Selling at Tesla

In related news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the sale, the director now directly owns 15,000 shares in the company, valued at $2,772,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction on Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $2,772,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Xiaotong Zhu sold 650 shares of the company’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 completion of the sale, the senior vice president now owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The disclosure for this sale can be found here. 20.90% of the stock is owned by corporate insiders.

Tesla Stock Up 6.5 %

Tesla stock traded up $15.13 during mid-day trading on Wednesday, hitting $246.39. The company had a trading volume of 166,186,859 shares, compared to its average volume of 97,070,531. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. The stock’s 50 day moving average price is $180.89 and its two-hundred day moving average price is $190.93. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29. The company has a market capitalization of $785.79 billion, a PE ratio of 62.85, a price-to-earnings-growth ratio of 4.91 and a beta of 2.31.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The firm had revenue of $21.30 billion during the quarter, compared to analysts’ expectations 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 1.86 earnings per share 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; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.