Register Financial Advisors LLC Grows Holdings in Tesla, Inc. (NASDAQ:TSLA)

Register Financial Advisors LLC raised its holdings in Tesla, Inc. (NASDAQ:TSLA) by 32.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,677 shares of the electric vehicle producer’s stock after purchasing an additional 413 shares during the quarter. Register Financial Advisors LLC’s holdings in Tesla were worth $295,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wyrmwood Management LLC purchased a new position in shares of Tesla in the 4th quarter valued at approximately $25,000. Lam Group Inc. acquired a new stake in shares of Tesla during the fourth quarter worth $25,000. Mendota Financial Group LLC grew its position in Tesla by 202.2% in the 4th quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer’s stock valued at $34,000 after buying an additional 91 shares during the last quarter. OLD Point Trust & Financial Services N A acquired a new position in Tesla in the 4th quarter valued at $37,000. Finally, Kathleen S. Wright Associates Inc. raised its position in Tesla by 111.1% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 190 shares of the electric vehicle producer’s stock worth $47,000 after buying an additional 100 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Up 0.2 %

Shares of NASDAQ TSLA opened at $197.88 on Friday. The firm’s 50 day moving average price is $177.80 and its 200 day moving average price is $192.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. The firm has a market cap of $631.08 billion, a P/E ratio of 50.48, a price-to-earnings-growth ratio of 4.90 and a beta of 2.32. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $299.29.

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

Insider Buying and Selling at Tesla

In other 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 completion of the sale, the senior vice president now directly owns 65,155 shares in the company, valued at approximately $11,350,652.55. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the sale, the senior vice president now owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares in the company, valued at $5,502,726. The disclosure for this sale can be found here. Insiders sold 104,855 shares of company stock worth $19,285,643 in the last 90 days. 25.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TSLA shares. JPMorgan Chase & Co. dropped their price target on shares of Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 3rd. Evercore ISI cut their target price 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. Bank of America raised Tesla from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft raised their target price on Tesla from $123.00 to $136.00 and gave the company a “hold” rating in a report on Thursday, April 25th. Finally, Canaccord Genuity Group cut their price target on shares of Tesla from $234.00 to $222.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Tesla presently has an average rating of “Hold” and an average price target of $187.30.

About Tesla

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.