Colorado Capital Management Inc. Boosts Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Colorado Capital Management Inc. grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,147 shares of the electric vehicle producer’s stock after buying an additional 272 shares during the period. Colorado Capital Management Inc.’s holdings in Tesla were worth $1,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in Tesla by 10.0% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,073 shares of the electric vehicle producer’s stock worth $1,019,000 after buying an additional 370 shares during the last quarter. Milestone Asset Management LLC purchased a new position in Tesla during the 3rd quarter worth $349,000. Mckinley Capital Management LLC raised its holdings in shares of Tesla by 10.3% in the third quarter. Mckinley Capital Management LLC now owns 33,950 shares of the electric vehicle producer’s stock valued at $8,495,000 after buying an additional 3,168 shares during the last quarter. Mather Group LLC. boosted its stake in shares of Tesla by 18.5% during the third quarter. Mather Group LLC. now owns 9,855 shares of the electric vehicle producer’s stock worth $2,466,000 after buying an additional 1,541 shares during the period. Finally, Vinva Investment Management Ltd grew its holdings in shares of Tesla by 1.6% during the third quarter. Vinva Investment Management Ltd now owns 66,497 shares of the electric vehicle producer’s stock worth $16,384,000 after buying an additional 1,071 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Trading Up 0.5 %

NASDAQ TSLA traded up $1.05 during mid-day trading on Thursday, reaching $197.42. 72,631,261 shares of the stock were exchanged, compared to its average volume of 95,328,602. The stock has a market capitalization of $629.61 billion, a PE ratio of 49.98, a PEG ratio of 4.65 and a beta of 2.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $299.29. The business’s fifty day simple moving average is $175.83 and its 200 day simple moving average is $192.28.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The firm had revenue of $21.30 billion during the quarter, compared to analyst estimates of $22.15 billion. On average, research analysts anticipate that Tesla, Inc. will post 1.87 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the completion of the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Xiaotong Zhu sold 650 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the completion of the sale, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $5,502,726. The disclosure for this sale can be found here. Insiders have sold a total of 104,855 shares of company stock worth $19,285,643 in the last three months. 25.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $310.00 price objective on shares of Tesla in a research note on Thursday, June 20th. HSBC lowered their price objective on shares of Tesla from $138.00 to $120.00 and set a “reduce” rating on the stock in a research report on Wednesday, April 24th. The Goldman Sachs Group restated a “neutral” rating and set a $175.00 price objective on shares of Tesla in a research report on Friday, June 14th. New Street Research reaffirmed a “buy” rating and issued a $235.00 target price on shares of Tesla in a report on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on shares of Tesla from $130.00 to $115.00 and set an “underweight” rating for the company in a report on Wednesday, April 3rd. Seven investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $187.30.

Tesla Company Profile

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.