858 Shares in Tesla, Inc. (NASDAQ:TSLA) Purchased by Golden Road Advisors LLC

Golden Road Advisors LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 858 shares of the electric vehicle producer’s stock, valued at approximately $213,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSLA. Envestnet Portfolio Solutions Inc. purchased a new position in Tesla during the 3rd quarter valued at about $14,050,000. WINTON GROUP Ltd boosted its holdings in Tesla by 58.0% during the 3rd quarter. WINTON GROUP Ltd now owns 4,152 shares of the electric vehicle producer’s stock valued at $1,039,000 after acquiring an additional 1,524 shares during the period. Plan Group Financial LLC purchased a new position in Tesla during the 3rd quarter valued at about $225,000. Sargent Investment Group LLC boosted its holdings in Tesla by 22.3% during the 3rd quarter. Sargent Investment Group LLC now owns 3,044 shares of the electric vehicle producer’s stock valued at $762,000 after acquiring an additional 555 shares during the period. Finally, Qtron Investments LLC boosted its stake in shares of Tesla by 12.6% in the 3rd quarter. Qtron Investments LLC now owns 28,400 shares of the electric vehicle producer’s stock valued at $7,106,000 after buying an additional 3,189 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Trading Up 5.3 %

NASDAQ:TSLA opened at $187.44 on Tuesday. The firm has a market cap of $597.78 billion, a P/E ratio of 47.82, a PEG ratio of 4.41 and a beta of 2.32. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. The stock’s 50 day simple moving average is $173.19 and its 200-day simple moving average is $194.61. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $299.29.

Tesla (NASDAQ:TSLA) last released its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $21.30 billion for the quarter, compared to analyst estimates of $22.15 billion. Tesla had a return on equity of 13.18% and a net margin of 14.37%. Equities analysts anticipate that Tesla, Inc. will post 1.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TSLA shares. Roth Mkm reiterated a “neutral” rating and issued a $85.00 price objective on shares of Tesla in a research note on Wednesday, April 24th. Wedbush reiterated an “outperform” rating and issued a $275.00 price objective on shares of Tesla in a research note on Friday. Evercore ISI decreased their price objective on Tesla from $155.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, April 29th. Barclays decreased their price objective on Tesla from $225.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 17th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $280.00 price objective on shares of Tesla in a research note on Wednesday, April 17th. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $185.90.

Insider Activity

In other news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 15,000 shares of the company’s stock, valued at $2,772,900. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related 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 $11,350,652.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the company’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 transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,772,900. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,855 shares of company stock valued at $19,285,643. Company insiders own 20.90% of the company’s stock.

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.