Tesla, Inc. (NASDAQ:TSLA) Holdings Lifted by Quattro Financial Advisors LLC

Quattro Financial Advisors LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 371.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,168 shares of the electric vehicle producer’s stock after purchasing an additional 920 shares during the quarter. Quattro Financial Advisors LLC’s holdings in Tesla were worth $205,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Apexium Financial LP grew its holdings in shares of Tesla by 736.8% during the fourth quarter. Apexium Financial LP now owns 24,954 shares of the electric vehicle producer’s stock valued at $6,201,000 after buying an additional 21,972 shares in the last quarter. Mount Vernon Associates Inc. MD boosted its position in Tesla by 5.3% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock valued at $1,724,000 after purchasing an additional 350 shares during the last quarter. Forum Financial Management LP boosted its position in Tesla by 19.7% during the fourth quarter. Forum Financial Management LP now owns 21,772 shares of the electric vehicle producer’s stock valued at $5,410,000 after purchasing an additional 3,582 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in Tesla by 16.6% during the fourth quarter. J.W. Cole Advisors Inc. now owns 46,414 shares of the electric vehicle producer’s stock valued at $11,533,000 after purchasing an additional 6,615 shares during the last quarter. Finally, Catalyst Financial Partners LLC boosted its position in Tesla by 9.4% during the fourth quarter. Catalyst Financial Partners LLC now owns 6,978 shares of the electric vehicle producer’s stock valued at $1,734,000 after purchasing an additional 598 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insiders Place Their Bets

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

Tesla Price Performance

Shares of TSLA stock traded up $21.40 during trading hours on Tuesday, hitting $231.26. The company had a trading volume of 202,700,192 shares, compared to its average volume of 96,511,578. The firm has a market capitalization of $737.53 billion, a price-to-earnings ratio of 59.00, a PEG ratio of 4.91 and a beta of 2.31. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29. The firm’s fifty day moving average is $179.16 and its 200 day moving average is $191.09. 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 (NASDAQ:TSLA) last posted its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The firm had revenue of $21.30 billion for the quarter, compared to the consensus estimate of $22.15 billion. On average, sell-side analysts predict that Tesla, Inc. will post 1.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Bank of America raised Tesla from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a research report on Wednesday, April 24th. Roth Mkm reaffirmed a “neutral” rating and issued a $85.00 price target on shares of Tesla in a research report on Wednesday, April 24th. Morgan Stanley reaffirmed an “overweight” rating and issued a $310.00 price target on shares of Tesla in a research report on Thursday, June 20th. Evercore ISI reduced their price target on Tesla from $155.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, April 29th. Finally, Wells Fargo & Company reissued an “underweight” rating and set a $120.00 price objective on shares of Tesla in a research report on Monday. 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $187.30.

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.