United Asset Strategies Inc. purchased a new position in shares of Tesla Inc (NASDAQ:TSLA) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 649 shares of the electric vehicle producer’s stock, valued at approximately $340,000.
Several other large investors have also recently modified their holdings of TSLA. MCF Advisors LLC bought a new stake in shares of Tesla in the first quarter valued at approximately $26,000. Efficient Wealth Management LLC acquired a new stake in Tesla in the first quarter valued at $26,000. RPG Investment Advisory LLC bought a new stake in Tesla during the first quarter valued at $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Tesla during the first quarter valued at $26,000. Finally, Bourgeon Capital Management LLC bought a new stake in Tesla during the first quarter valued at $26,000. Institutional investors own 52.08% of the company’s stock.
In related news, insider Jerome M. Guillen sold 2,275 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $855.00, for a total transaction of $1,945,125.00. Following the sale, the insider now owns 11,766 shares of the company’s stock, valued at $10,059,930. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Zachary Kirkhorn sold 150 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $440.01, for a total transaction of $66,001.50. Following the sale, the chief financial officer now directly owns 11,432 shares in the company, valued at approximately $5,030,194.32. The disclosure for this sale can be found here. Insiders have sold 5,725 shares of company stock worth $4,575,306 in the last three months. 24.40% of the stock is currently owned by insiders.
Shares of TSLA stock traded down $6.94 during mid-day trading on Friday, reaching $820.66. The stock had a trading volume of 269,253 shares, compared to its average volume of 15,947,181. The stock’s 50-day moving average price is $700.65 and its two-hundred day moving average price is $559.97. Tesla Inc has a 52-week low of $176.99 and a 52-week high of $968.99. The firm has a market capitalization of $151.18 billion, a PE ratio of -929.89 and a beta of 1.15. The company has a current ratio of 1.24, a quick ratio of 0.87 and a debt-to-equity ratio of 1.07.
Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, April 29th. The electric vehicle producer reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $1.60. Tesla had a negative net margin of 0.55% and a negative return on equity of 1.86%. The company had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the previous year, the company earned ($2.90) earnings per share. Tesla’s quarterly revenue was up 31.8% on a year-over-year basis. On average, equities research analysts forecast that Tesla Inc will post -0.01 earnings per share for the current year.
TSLA has been the topic of a number of research analyst reports. Cfra raised shares of Tesla to a “hold” rating in a research report on Tuesday, March 17th. Jefferies Financial Group set a $650.00 price objective on shares of Tesla and gave the stock a “buy” rating in a research report on Monday, April 6th. Deutsche Bank increased their price objective on shares of Tesla from $510.00 to $850.00 and gave the stock a “hold” rating in a research report on Friday, May 1st. Roth Capital increased their price objective on shares of Tesla from $250.00 to $350.00 and gave the stock a “sell” rating in a research report on Thursday, January 30th. Finally, New Street Research raised shares of Tesla from a “neutral” rating to a “buy” rating and set a $800.00 price target on the stock in a research report on Friday, March 27th. Ten analysts have rated the stock with a sell rating, fifteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Tesla has an average rating of “Hold” and an average target price of $559.74.
Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.
See Also: What is the Current Ratio?
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.