Johnson Midwest Financial LLC Has $546,000 Stake in Tesla, Inc. (NASDAQ:TSLA)

Johnson Midwest Financial LLC increased its holdings in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 26.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 507 shares of the electric vehicle producer’s stock after buying an additional 107 shares during the period. Tesla accounts for 0.8% of Johnson Midwest Financial LLC’s holdings, making the stock its 11th largest position. Johnson Midwest Financial LLC’s holdings in Tesla were worth $546,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TSLA. Garrison Bradford & Associates Inc. increased its stake in Tesla by 4.9% in the first quarter. Garrison Bradford & Associates Inc. now owns 1,180 shares of the electric vehicle producer’s stock valued at $1,272,000 after acquiring an additional 55 shares during the last quarter. Traynor Capital Management Inc. increased its stake in Tesla by 1.5% in the first quarter. Traynor Capital Management Inc. now owns 5,331 shares of the electric vehicle producer’s stock valued at $5,745,000 after acquiring an additional 77 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in Tesla by 15.7% in the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 16,503 shares of the electric vehicle producer’s stock valued at $18,005,000 after acquiring an additional 2,244 shares during the last quarter. Capital Investment Advisors LLC increased its stake in Tesla by 3.4% in the first quarter. Capital Investment Advisors LLC now owns 1,235 shares of the electric vehicle producer’s stock valued at $1,330,000 after acquiring an additional 41 shares during the last quarter. Finally, Flagship Harbor Advisors LLC increased its stake in Tesla by 4.9% in the first quarter. Flagship Harbor Advisors LLC now owns 16,195 shares of the electric vehicle producer’s stock valued at $17,452,000 after acquiring an additional 763 shares during the last quarter. Institutional investors own 40.64% of the company’s stock.

Shares of NASDAQ TSLA opened at $708.26 on Thursday. The firm’s 50-day moving average price is $789.93 and its 200-day moving average price is $902.53. Tesla, Inc. has a 1-year low of $620.46 and a 1-year high of $1,243.49. The firm has a market capitalization of $734.03 billion, a P/E ratio of 96.10, a P/E/G ratio of 2.31 and a beta of 2.13. The company has a current ratio of 1.35, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLAGet Rating) last announced its quarterly earnings data on Wednesday, April 20th. The electric vehicle producer reported $2.86 earnings per share for the quarter, beating 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 firm had revenue of $18.76 billion for the quarter, compared to analyst estimates of $17.84 billion. During the same quarter in the prior year, the business earned $0.39 earnings per share. The business’s quarterly revenue was up 80.5% compared to the same quarter last year. Equities research analysts forecast that Tesla, Inc. will post 10.25 EPS for the current year.

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Tesla from $1,200.00 to $1,250.00 and gave the company a “buy” rating in a research note on Friday, April 22nd. Daiwa Capital Markets decreased their target price on shares of Tesla from $1,150.00 to $800.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 24th. Cowen decreased their target price on shares of Tesla from $790.00 to $700.00 and set a “market perform” rating on the stock in a research note on Friday, June 3rd. Wells Fargo & Company decreased their target price on shares of Tesla from $960.00 to $900.00 in a research note on Wednesday, May 11th. Finally, Exane BNP Paribas decreased their target price on shares of Tesla from $700.00 to $600.00 and set an “underperform” rating on the stock in a research note on Wednesday, May 18th. Eight investment analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, Tesla has an average rating of “Hold” and a consensus price target of $894.73.

In other news, CAO Vaibhav Taneja sold 1,300 shares of the business’s stock in a transaction dated Tuesday, April 5th. The shares were sold at an average price of $1,141.94, for a total transaction of $1,484,522.00. Following the completion of the sale, the chief accounting officer now directly owns 25,985 shares of the company’s stock, valued at $29,673,310.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Andrew D. Baglino sold 433 shares of the business’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $718.31, for a total transaction of $311,028.23. Following the sale, the senior vice president now directly owns 20,567 shares of the company’s stock, valued at $14,773,481.77. 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 quarter. Company insiders own 25.00% of the company’s stock.

About Tesla (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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