Tesla, Inc. (NASDAQ:TSLA) Stake Boosted by Eclectic Associates Inc. ADV

Eclectic Associates Inc. ADV increased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 14.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,275 shares of the electric vehicle producer’s stock after purchasing an additional 418 shares during the period. Eclectic Associates Inc. ADV’s holdings in Tesla were worth $849,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vista Finance LLC boosted its holdings in Tesla by 0.7% during the fourth quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer’s stock valued at $1,417,000 after acquiring an additional 25 shares during the period. Jmac Enterprises LLC boosted its holdings in Tesla by 0.7% during the fourth quarter. Jmac Enterprises LLC now owns 3,884 shares of the electric vehicle producer’s stock valued at $1,569,000 after acquiring an additional 26 shares during the period. TFB Advisors LLC boosted its holdings in Tesla by 0.5% during the fourth quarter. TFB Advisors LLC now owns 5,213 shares of the electric vehicle producer’s stock valued at $2,105,000 after acquiring an additional 27 shares during the period. Vista Capital Partners Inc. boosted its holdings in Tesla by 1.4% during the fourth quarter. Vista Capital Partners Inc. now owns 1,969 shares of the electric vehicle producer’s stock valued at $795,000 after acquiring an additional 27 shares during the period. Finally, Blackston Financial Advisory Group LLC boosted its holdings in Tesla by 1.3% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 2,166 shares of the electric vehicle producer’s stock valued at $875,000 after acquiring an additional 27 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Tesla Price Performance

Shares of TSLA stock opened at $332.05 on Thursday. Tesla, Inc. has a 52-week low of $167.41 and a 52-week high of $488.54. The stock has a market cap of $1.07 trillion, a PE ratio of 162.77, a PEG ratio of 5.86 and a beta of 2.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The firm’s 50 day moving average price is $291.12 and its two-hundred day moving average price is $334.34.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The business had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. During the same period in the previous year, the business posted $0.45 earnings per share. As a group, analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TSLA. Guggenheim reaffirmed a “sell” rating and set a $170.00 price objective on shares of Tesla in a research report on Thursday, April 24th. Robert W. Baird cut their price objective on shares of Tesla from $370.00 to $320.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Argus set a $410.00 price objective on shares of Tesla in a research report on Thursday, April 24th. BNP Paribas set a $137.00 price objective on shares of Tesla and gave the company an “underperform” rating in a research report on Wednesday, April 16th. Finally, Cfra Research lowered shares of Tesla from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 22nd. Ten investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and a consensus price target of $293.97.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 1,000 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the sale, the chief financial officer now directly owns 1,950 shares in the company, valued at approximately $682,500. This trade represents a 33.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph Gebbia bought 4,000 shares of the business’s stock in a transaction on Thursday, April 24th. The stock was purchased at an average price of $256.31 per share, for a total transaction of $1,025,240.00. Following the completion of the acquisition, the director now owns 4,111 shares of the company’s stock, valued at approximately $1,053,690.41. This trade represents a 3,603.60% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 870,721 shares of company stock worth $286,248,728. Company insiders own 20.70% of the company’s stock.

About Tesla

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.