Trinity Legacy Partners LLC Boosts Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Trinity Legacy Partners LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 23.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 260 shares of the electric vehicle producer’s stock after buying an additional 49 shares during the quarter. Trinity Legacy Partners LLC’s holdings in Tesla were worth $280,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TSLA. Paragon Capital Management Ltd purchased a new stake in Tesla during the fourth quarter worth approximately $25,000. AllSquare Wealth Management LLC lifted its stake in Tesla by 766.7% during the fourth quarter. AllSquare Wealth Management LLC now owns 26 shares of the electric vehicle producer’s stock worth $27,000 after purchasing an additional 23 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in Tesla during the fourth quarter worth approximately $31,000. Kathleen S. Wright Associates Inc. purchased a new stake in Tesla during the fourth quarter worth approximately $32,000. Finally, Industrial Alliance Investment Management Inc. acquired a new position in Tesla during the fourth quarter worth approximately $32,000. 40.64% of the stock is owned by institutional investors.

Tesla stock opened at $708.26 on Thursday. 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 firm has a market capitalization of $734.03 billion, a price-to-earnings ratio of 96.10, a price-to-earnings-growth ratio of 2.31 and a beta of 2.13. Tesla, Inc. has a fifty-two week low of $620.46 and a fifty-two week high of $1,243.49. The stock’s fifty day moving average is $789.93 and its two-hundred day moving average is $902.53.

Tesla (NASDAQ:TSLAGet Rating) last posted its earnings results 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. The company had revenue of $18.76 billion for the quarter, compared to analyst estimates of $17.84 billion. Tesla had a return on equity of 28.11% and a net margin of 13.51%. Tesla’s revenue was up 80.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 earnings per share. As a group, sell-side analysts forecast that Tesla, Inc. will post 10.25 EPS for the current fiscal year.

In related news, CAO Vaibhav Taneja sold 1,518 shares of the stock in a transaction on Monday, June 6th. The stock was sold at an average price of $718.31, for a total transaction of $1,090,394.58. Following the sale, the chief accounting officer now owns 26,449 shares of the company’s stock, valued at $18,998,581.19. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Elon Musk sold 345,601 shares of the firm’s stock in a transaction dated Wednesday, April 27th. The stock was sold at an average price of $898.00, for a total value of $310,349,698.00. Following the completion of the sale, the chief executive officer now directly owns 168,193,251 shares in the company, valued at $151,037,539,398. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 416,669 shares of company stock worth $369,312,309. Corporate insiders own 25.00% of the company’s stock.

A number of equities research analysts have weighed in on TSLA shares. The Goldman Sachs Group reduced their price objective on Tesla from $1,200.00 to $1,000.00 and set a “buy” rating for the company in a research note on Wednesday, June 1st. Credit Suisse Group boosted their price objective on Tesla from $1,025.00 to $1,125.00 and gave the company an “outperform” rating in a research note on Tuesday, April 19th. StockNews.com started coverage on Tesla in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Tesla from $1,200.00 to $1,250.00 and gave the company a “buy” rating in a research note on Friday, April 22nd. Finally, Wells Fargo & Company reduced their price objective on Tesla from $960.00 to $900.00 in a research note on Wednesday, May 11th. Eight investment analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $894.73.

Tesla 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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