Tanaka Capital Management Inc. Boosts Stake in Tesla, Inc. (NASDAQ:TSLA)

Tanaka Capital Management Inc. grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 15.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,336 shares of the electric vehicle producer’s stock after buying an additional 1,120 shares during the quarter. Tesla makes up 5.0% of Tanaka Capital Management Inc.’s holdings, making the stock its 6th biggest holding. Tanaka Capital Management Inc.’s holdings in Tesla were worth $1,729,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSLA. Axiom Financial Strategies LLC increased its holdings in Tesla by 9.8% in the first quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock valued at $777,000 after purchasing an additional 81 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Tesla by 19.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock valued at $1,079,672,000 after purchasing an additional 164,789 shares during the period. MAS Advisors LLC increased its holdings in Tesla by 25.7% in the first quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock valued at $433,000 after purchasing an additional 81 shares during the period. Ergoteles LLC increased its holdings in Tesla by 33.4% in the first quarter. Ergoteles LLC now owns 3,567 shares of the electric vehicle producer’s stock valued at $3,844,000 after purchasing an additional 893 shares during the period. Finally, Mackenzie Financial Corp boosted its position in Tesla by 6.8% during the first quarter. Mackenzie Financial Corp now owns 72,167 shares of the electric vehicle producer’s stock valued at $77,767,000 after acquiring an additional 4,593 shares during the last quarter. Institutional investors own 41.87% of the company’s stock.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $243.13, for a total transaction of $2,552,865.00. Following the completion of the sale, the senior vice president now owns 66,834 shares in the company, valued at approximately $16,249,350.42. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CAO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $278.36, for a total value of $1,113,440.00. Following the completion of the transaction, the chief accounting officer now directly owns 104,504 shares in the company, valued at approximately $29,089,733.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $243.13, for a total transaction of $2,552,865.00. Following the completion of the transaction, the senior vice president now owns 66,834 shares of the company’s stock, valued at $16,249,350.42. The disclosure for this sale can be found here. Insiders sold a total of 58,315 shares of company stock worth $15,034,135 in the last quarter. Insiders own 25.10% of the company’s stock.

Analyst Upgrades and Downgrades

TSLA has been the topic of a number of research analyst reports. The Goldman Sachs Group upped their price target on shares of Tesla from $248.00 to $275.00 and gave the company a “neutral” rating in a research report on Monday, July 3rd. Robert W. Baird upped their price target on shares of Tesla from $252.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, July 17th. Barclays cut shares of Tesla from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $220.00 to $260.00 in a research report on Wednesday, June 21st. Jefferies Financial Group upped their price target on shares of Tesla from $185.00 to $265.00 and gave the company a “hold” rating in a research report on Monday, July 10th. Finally, Royal Bank of Canada upped their price target on shares of Tesla from $212.00 to $305.00 in a research report on Thursday, June 15th. Six investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $233.77.

Tesla Trading Down 1.2 %

NASDAQ:TSLA opened at $248.50 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.07 and a current ratio of 1.59. The firm has a market cap of $788.74 billion, a price-to-earnings ratio of 70.40, a price-to-earnings-growth ratio of 3.92 and a beta of 2.09. Tesla, Inc. has a 52 week low of $101.81 and a 52 week high of $313.80. The firm has a 50-day moving average price of $256.44 and a two-hundred day moving average price of $218.09.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, July 19th. The electric vehicle producer reported $0.91 EPS for the quarter, beating the consensus estimate of $0.69 by $0.22. Tesla had a net margin of 12.97% and a return on equity of 26.10%. The firm had revenue of $24.93 billion during the quarter, compared to analyst estimates of $24.22 billion. During the same quarter last year, the business posted $0.65 EPS. The company’s revenue for the quarter was up 47.2% on a year-over-year basis. On average, equities analysts expect that Tesla, Inc. will post 2.94 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. It 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, retail merchandise, and vehicle insurance services.