Bedell Frazier Investment Counseling LLC grew its holdings in shares of Tesla Inc (NASDAQ:TSLA) by 2.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,301 shares of the electric vehicle producer’s stock after buying an additional 347 shares during the period. Bedell Frazier Investment Counseling LLC’s holdings in Tesla were worth $3,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Truewealth LLC purchased a new stake in shares of Tesla in the 4th quarter valued at about $102,000. Macroview Investment Management LLC purchased a new stake in shares of Tesla in the 1st quarter valued at about $106,000. Jacobi Capital Management LLC lifted its holdings in shares of Tesla by 154.4% in the 1st quarter. Jacobi Capital Management LLC now owns 430 shares of the electric vehicle producer’s stock valued at $109,000 after purchasing an additional 261 shares during the last quarter. Avestar Capital LLC purchased a new stake in shares of Tesla in the 4th quarter valued at about $144,000. Finally, Wagner Wealth Management LLC purchased a new stake in shares of Tesla in the 1st quarter valued at about $152,000. 60.67% of the stock is owned by institutional investors.
TSLA has been the subject of several research reports. Goldman Sachs Group reduced their target price on Tesla from $205.00 to $195.00 and set a “sell” rating for the company in a report on Tuesday, April 10th. Morgan Stanley set a $379.00 target price on Tesla and gave the company a “neutral” rating in a report on Thursday, February 8th. Zacks Investment Research raised Tesla from a “hold” rating to a “buy” rating and set a $329.00 target price for the company in a report on Tuesday, May 8th. Vetr downgraded Tesla from a “hold” rating to a “sell” rating and set a $341.15 target price for the company. in a report on Monday, February 26th. Finally, KeyCorp reissued a “hold” rating on shares of Tesla in a report on Wednesday, April 4th. Thirteen equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company’s stock. Tesla has an average rating of “Hold” and an average price target of $301.01.
NASDAQ TSLA opened at $277.85 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.44 and a current ratio of 0.74. Tesla Inc has a 12-month low of $244.59 and a 12-month high of $389.61. The company has a market cap of $46.69 billion, a price-to-earnings ratio of -24.20 and a beta of 1.11.
Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, May 2nd. The electric vehicle producer reported ($3.35) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.40) by ($0.95). Tesla had a negative return on equity of 40.72% and a negative net margin of 18.77%. The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.30 billion. During the same quarter in the previous year, the firm posted ($1.33) EPS. The business’s revenue for the quarter was up 26.4% on a year-over-year basis. equities research analysts forecast that Tesla Inc will post -10.94 EPS for the current year.
In other Tesla news, VP Eric Branderiz sold 401 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $353.50, for a total transaction of $141,753.50. Following the transaction, the vice president now owns 1,248 shares in the company, valued at approximately $441,168. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John Douglas Field sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $321.41, for a total value of $321,410.00. Following the transaction, the vice president now owns 20,561 shares in the company, valued at approximately $6,608,511.01. The disclosure for this sale can be found here. Insiders have sold a total of 3,728 shares of company stock worth $1,172,762 in the last quarter. 22.80% of the stock is currently owned by insiders.
Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.
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