Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Ulland Investment Advisors LLC

Ulland Investment Advisors LLC raised its holdings in Tesla, Inc. (NASDAQ:TSLA) by 30.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 170 shares of the electric vehicle producer’s stock after purchasing an additional 40 shares during the period. Ulland Investment Advisors LLC’s holdings in Tesla were worth $44,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TSLA. True Wealth Design LLC boosted its stake in shares of Tesla by 79.5% in the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock worth $28,000 after acquiring an additional 31 shares during the last quarter. Horrell Capital Management Inc. boosted its stake in shares of Tesla by 75.6% in the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock worth $32,000 after acquiring an additional 34 shares during the last quarter. GS Investments Inc. boosted its stake in shares of Tesla by 193.3% in the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer’s stock worth $36,000 after acquiring an additional 58 shares during the last quarter. Navigoe LLC acquired a new stake in shares of Tesla in the fourth quarter worth approximately $37,000. Finally, CoreFirst Bank & Trust acquired a new stake in shares of Tesla in the fourth quarter worth approximately $38,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Vaibhav Taneja sold 2,564 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $285.71, for a total value of $732,560.44. Following the transaction, the chief financial officer now owns 5,924 shares in the company, valued at approximately $1,692,546.04. This represents a 30.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joseph Gebbia acquired 4,000 shares of the company’s stock in a transaction dated Thursday, April 24th. The stock was acquired at an average price of $256.31 per share, for a total transaction of $1,025,240.00. Following the acquisition, the director now owns 4,111 shares in the company, valued at approximately $1,053,690.41. The trade was a 3,603.60% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 818,509 shares of company stock worth $273,791,775. 20.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on TSLA shares. Piper Sandler reaffirmed an “overweight” rating and issued a $400.00 price target on shares of Tesla in a research note on Tuesday. HSBC lowered their price objective on Tesla from $165.00 to $130.00 and set a “reduce” rating on the stock in a research note on Thursday, March 27th. Guggenheim reissued a “sell” rating and set a $170.00 price objective on shares of Tesla in a research note on Thursday, April 24th. Cantor Fitzgerald lowered their price objective on Tesla from $425.00 to $355.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. Finally, Royal Bank of Canada lowered their price objective on Tesla from $314.00 to $307.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. Ten analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong 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 $293.67.

Tesla Price Performance

TSLA stock opened at $326.43 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The firm has a market capitalization of $1.05 trillion, a P/E ratio of 160.02, a P/E/G ratio of 5.86 and a beta of 2.47. The business’s 50-day moving average is $295.60 and its two-hundred day moving average is $333.11. Tesla, Inc. has a 1 year low of $169.80 and a 1 year high of $488.54.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results 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). The company had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same period in the prior year, the business earned $0.45 EPS. Analysts anticipate that Tesla, Inc. will post 2.56 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.