MCIA Inc Buys 272 Shares of Tesla, Inc. (NASDAQ:TSLA)

MCIA Inc raised its stake in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 43.5% in the first quarter, Holdings Channel reports. The fund owned 897 shares of the electric vehicle producer’s stock after purchasing an additional 272 shares during the quarter. MCIA Inc’s holdings in Tesla were worth $875,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TSLA. Garde Capital Inc. increased its stake in shares of Tesla by 10.6% in the third quarter. Garde Capital Inc. now owns 6,558 shares of the electric vehicle producer’s stock valued at $5,086,000 after buying an additional 628 shares during the period. Janus Henderson Group PLC grew its position in shares of Tesla by 5.9% during the 3rd quarter. Janus Henderson Group PLC now owns 383,135 shares of the electric vehicle producer’s stock worth $297,072,000 after buying an additional 21,426 shares during the period. Atria Investments LLC grew its position in shares of Tesla by 26.1% during the 3rd quarter. Atria Investments LLC now owns 11,264 shares of the electric vehicle producer’s stock worth $8,735,000 after buying an additional 2,334 shares during the period. Kozak & Associates Inc. bought a new position in shares of Tesla in the 3rd quarter worth $139,000. Finally, Captrust Financial Advisors lifted its holdings in shares of Tesla by 4.2% in the 3rd quarter. Captrust Financial Advisors now owns 42,667 shares of the electric vehicle producer’s stock worth $33,088,000 after purchasing an additional 1,732 shares in the last quarter. 40.64% of the stock is owned by institutional investors.

Several equities analysts have weighed in on TSLA shares. BNP Paribas dropped their price objective on Tesla from $700.00 to $600.00 and set an “underperform” rating on the stock in a research note on Wednesday, May 18th. StockNews.com initiated coverage on Tesla in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Sanford C. Bernstein lifted their price objective on Tesla from $300.00 to $450.00 and gave the stock an “underperform” rating in a report on Monday, February 28th. Jefferies Financial Group decreased their price objective on Tesla from $1,250.00 to $1,050.00 and set a “buy” rating for the company in a report on Thursday, May 26th. They noted that the move was a valuation call. Finally, The Goldman Sachs Group decreased their price objective on Tesla from $1,200.00 to $1,000.00 and set a “buy” rating for the company in a report on Wednesday, June 1st. Eight analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $897.43.

In related news, SVP Andrew D. Baglino sold 433 shares of the stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $718.31, for a total transaction of $311,028.23. Following the transaction, the senior vice president now owns 20,567 shares in the company, valued at $14,773,481.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Elon Musk sold 345,601 shares of the stock in a transaction that occurred on Wednesday, April 27th. The shares were sold at an average price of $898.00, for a total transaction of $310,349,698.00. Following the transaction, the chief executive officer now owns 168,193,251 shares in the company, valued at approximately $151,037,539,398. The disclosure for this sale can be found here. Insiders have sold 416,669 shares of company stock worth $369,312,309 in the last three months. 25.00% of the stock is currently owned by insiders.

Shares of NASDAQ TSLA traded up $22.08 during midday trading on Wednesday, hitting $733.19. 491,057 shares of the company traded hands, compared to its average volume of 28,488,096. Tesla, Inc. has a 12-month low of $615.50 and a 12-month high of $1,243.49. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.04 and a current ratio of 1.35. The stock has a 50-day moving average price of $796.21 and a 200 day moving average price of $903.89. The firm has a market cap of $759.87 billion, a P/E ratio of 96.49, a P/E/G ratio of 2.11 and a beta of 2.13.

Tesla (NASDAQ:TSLAGet Rating) last posted its quarterly earnings data on Wednesday, April 20th. The electric vehicle producer reported $2.86 EPS for the quarter, topping the consensus estimate of $1.64 by $1.22. Tesla had a net margin of 13.51% and a return on equity of 28.11%. The business had revenue of $18.76 billion for the quarter, compared to analyst estimates of $17.84 billion. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Tesla’s quarterly revenue was up 80.5% on a year-over-year basis. As a group, equities analysts expect that Tesla, Inc. will post 10.25 earnings per share for the current year.

Tesla Company Profile (Get Rating)

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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