Capital Advisors Ltd. LLC Has $635,000 Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Capital Advisors Ltd. LLC boosted its stake in Tesla, Inc. (NASDAQ:TSLA) by 19.0% in the first quarter, HoldingsChannel reports. The firm owned 2,449 shares of the electric vehicle producer’s stock after buying an additional 391 shares during the period. Capital Advisors Ltd. LLC’s holdings in Tesla were worth $635,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Echo45 Advisors LLC grew its holdings in shares of Tesla by 79.8% during the first quarter. Echo45 Advisors LLC now owns 2,229 shares of the electric vehicle producer’s stock valued at $578,000 after buying an additional 989 shares during the last quarter. Zhang Financial LLC grew its holdings in shares of Tesla by 80.6% during the first quarter. Zhang Financial LLC now owns 10,927 shares of the electric vehicle producer’s stock valued at $2,832,000 after buying an additional 4,875 shares during the last quarter. Ulland Investment Advisors LLC grew its holdings in shares of Tesla by 30.8% during the first quarter. Ulland Investment Advisors LLC now owns 170 shares of the electric vehicle producer’s stock valued at $44,000 after buying an additional 40 shares during the last quarter. Chris Bulman Inc grew its holdings in shares of Tesla by 1.4% during the first quarter. Chris Bulman Inc now owns 3,750 shares of the electric vehicle producer’s stock valued at $972,000 after buying an additional 50 shares during the last quarter. Finally, Magnolia Private Wealth LLC grew its holdings in shares of Tesla by 15.9% during the first quarter. Magnolia Private Wealth LLC now owns 1,146 shares of the electric vehicle producer’s stock valued at $297,000 after buying an additional 157 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Truist Financial set a $280.00 price objective on shares of Tesla in a report on Tuesday, April 22nd. Stifel Nicolaus set a $450.00 price target on shares of Tesla and gave the stock a “buy” rating in a report on Thursday, April 24th. Baird R W downgraded shares of Tesla from a “strong-buy” rating to a “hold” rating in a research report on Monday. Raymond James cut shares of Tesla to an “outperform” rating in a research report on Tuesday, April 22nd. Finally, Argus restated a “hold” rating on shares of Tesla in a research note on Monday. Ten equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and a consensus target price of $293.67.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $326.43 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. Tesla, Inc. has a fifty-two week low of $169.80 and a fifty-two week high of $488.54. The stock has a market cap of $1.05 trillion, a PE ratio of 160.02, a price-to-earnings-growth ratio of 5.86 and a beta of 2.47. The stock has a fifty day moving average of $295.60 and a 200-day moving average of $333.11.

Tesla (NASDAQ:TSLA) last posted its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share 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 company had revenue of $19.34 billion for the quarter, compared to analysts’ expectations of $22.93 billion. During the same period in the previous year, the firm earned $0.45 EPS. Equities research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Activity

In other news, Director Joseph Gebbia bought 4,000 shares of the stock in a transaction on Thursday, April 24th. The shares were acquired at an average cost of $256.31 per share, for a total transaction of $1,025,240.00. Following the purchase, the director now directly owns 4,111 shares of the company’s stock, valued at $1,053,690.41. This trade represents a 3,603.60% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 2,564 shares of the firm’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $285.71, for a total transaction of $732,560.44. Following the completion of the transaction, the chief financial officer now directly owns 5,924 shares of the company’s stock, valued at approximately $1,692,546.04. The trade was a 30.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 818,509 shares of company stock worth $273,791,775. 20.70% of the stock is owned by company insiders.

Tesla Company 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.