GenTrust LLC Purchases 347 Shares of Tesla, Inc. (NASDAQ:TSLA)

GenTrust LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA) by 23.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,857 shares of the electric vehicle producer’s stock after purchasing an additional 347 shares during the quarter. GenTrust LLC’s holdings in Tesla were worth $326,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Apexium Financial LP lifted its holdings in shares of Tesla by 736.8% during the fourth quarter. Apexium Financial LP now owns 24,954 shares of the electric vehicle producer’s stock worth $6,201,000 after buying an additional 21,972 shares during the last quarter. Mount Vernon Associates Inc. MD raised its stake in Tesla by 5.3% during the 4th quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock valued at $1,724,000 after purchasing an additional 350 shares during the last quarter. Forum Financial Management LP boosted its holdings in Tesla by 19.7% in the 4th quarter. Forum Financial Management LP now owns 21,772 shares of the electric vehicle producer’s stock valued at $5,410,000 after purchasing an additional 3,582 shares during the period. J.W. Cole Advisors Inc. grew its position in Tesla by 16.6% in the 4th quarter. J.W. Cole Advisors Inc. now owns 46,414 shares of the electric vehicle producer’s stock worth $11,533,000 after purchasing an additional 6,615 shares during the last quarter. Finally, Catalyst Financial Partners LLC increased its holdings in shares of Tesla by 9.4% during the 4th quarter. Catalyst Financial Partners LLC now owns 6,978 shares of the electric vehicle producer’s stock worth $1,734,000 after purchasing an additional 598 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Price Performance

TSLA traded up $15.13 on Thursday, hitting $246.39. 166,561,471 shares of the stock were exchanged, compared to its average volume of 80,957,576. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29. The firm has a market capitalization of $785.79 billion, a price-to-earnings ratio of 62.85, a PEG ratio of 5.74 and a beta of 2.31. The business has a 50-day moving average of $182.57 and a two-hundred day moving average of $191.32.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (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 business had revenue of $21.30 billion for the quarter, compared to analyst estimates of $22.15 billion. Sell-side analysts forecast that Tesla, Inc. will post 1.86 EPS for the current fiscal year.

Insider Activity at Tesla

In other news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,772,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the sale, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Xiaotong Zhu sold 650 shares of the business’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 disclosure for this sale can be found here. 20.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TSLA has been the topic of a number of recent research reports. Sanford C. Bernstein reissued an “underperform” rating and set a $120.00 target price on shares of Tesla in a research report on Monday, June 10th. Bank of America upgraded Tesla from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a research report on Wednesday, April 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $230.00 target price on shares of Tesla in a research report on Monday. Wedbush boosted their price target on shares of Tesla from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and set a $120.00 price objective on shares of Tesla in a report on Monday. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $189.47.

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. 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.