SJS Investment Consulting Inc. Increases Position in Tesla, Inc. (NASDAQ:TSLA)

SJS Investment Consulting Inc. lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 77.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,966 shares of the electric vehicle producer’s stock after buying an additional 1,731 shares during the quarter. SJS Investment Consulting Inc.’s holdings in Tesla were worth $1,028,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TSLA. True Wealth Design LLC grew its position in shares of Tesla by 79.5% during the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 31 shares in the last quarter. Horrell Capital Management Inc. grew its holdings in Tesla by 75.6% during the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer’s stock valued at $32,000 after buying an additional 34 shares in the last quarter. GS Investments Inc. increased its stake in Tesla by 193.3% in the 4th 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 bought a new position in shares of Tesla during the 4th quarter valued at approximately $37,000. Finally, CoreFirst Bank & Trust purchased a new position in shares of Tesla in the fourth quarter valued at $38,000. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on TSLA. Mizuho upped their price target on shares of Tesla from $325.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. The Goldman Sachs Group lowered their price target on shares of Tesla from $295.00 to $285.00 and set a “neutral” rating for the company in a report on Friday. Roth Mkm dropped their price target on Tesla from $450.00 to $395.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. HSBC decreased their price objective on Tesla from $165.00 to $130.00 and set a “reduce” rating on the stock in a research report on Thursday, March 27th. Finally, Argus reiterated a “hold” rating on shares of Tesla in a report on Monday. Ten analysts have rated the stock with a sell rating, twelve have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $293.67.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the transaction, the chief financial officer now owns 26,950 shares of the company’s stock, valued at approximately $6,737,500. This trade represents a 12.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $285.58, for a total value of $32,096,336.20. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at approximately $24,274,300. This represents a 56.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 818,509 shares of company stock valued at $273,791,775 in the last ninety days. Corporate insiders own 20.70% of the company’s stock.

Tesla Stock Up 4.6%

Tesla stock opened at $308.58 on Tuesday. Tesla, Inc. has a twelve month low of $167.41 and a twelve month high of $488.54. The business has a fifty day moving average of $292.68 and a two-hundred day moving average of $333.20. The firm has a market cap of $993.92 billion, a P/E ratio of 151.27, a P/E/G ratio of 5.86 and a beta of 2.47. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The firm had revenue of $19.34 billion during the quarter, compared to analysts’ expectations of $22.93 billion. During the same period in the prior year, the firm posted $0.45 earnings per share. On average, analysts forecast 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.