Brio Consultants LLC Has $5.37 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Brio Consultants LLC increased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 2,649.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 20,700 shares of the electric vehicle producer’s stock after purchasing an additional 19,947 shares during the period. Tesla accounts for 2.0% of Brio Consultants LLC’s investment portfolio, making the stock its 10th largest holding. Brio Consultants LLC’s holdings in Tesla were worth $5,365,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TSLA. JSF Financial LLC lifted its stake in Tesla by 16.8% in the 1st quarter. JSF Financial LLC now owns 2,238 shares of the electric vehicle producer’s stock worth $580,000 after purchasing an additional 322 shares in the last quarter. Your Advocates Ltd. LLP boosted its holdings in Tesla by 3,900.0% in the 1st quarter. Your Advocates Ltd. LLP now owns 400 shares of the electric vehicle producer’s stock valued at $104,000 after purchasing an additional 390 shares during the period. Marco Investment Management LLC boosted its holdings in Tesla by 4.6% in the 1st quarter. Marco Investment Management LLC now owns 17,719 shares of the electric vehicle producer’s stock valued at $4,592,000 after purchasing an additional 784 shares during the period. SLT Holdings LLC boosted its holdings in Tesla by 32.4% in the 1st quarter. SLT Holdings LLC now owns 6,334 shares of the electric vehicle producer’s stock valued at $1,642,000 after purchasing an additional 1,551 shares during the period. Finally, Picton Mahoney Asset Management boosted its holdings in Tesla by 104.7% in the 1st quarter. Picton Mahoney Asset Management now owns 24,849 shares of the electric vehicle producer’s stock valued at $6,441,000 after purchasing an additional 552,969 shares during the period. 66.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on TSLA shares. Roth Mkm cut their price target on shares of Tesla from $450.00 to $395.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Cantor Fitzgerald cut their price target on shares of Tesla from $425.00 to $355.00 and set an “overweight” rating for the company in a report on Wednesday, April 23rd. Mizuho cut their price target on shares of Tesla from $390.00 to $375.00 and set an “outperform” rating for the company in a report on Tuesday, July 8th. Barclays lowered their price objective on shares of Tesla from $325.00 to $275.00 and set an “equal weight” rating on the stock in a research report on Monday, April 21st. Finally, Canaccord Genuity Group raised their price objective on shares of Tesla from $303.00 to $333.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Ten analysts have rated the stock with a sell rating, fifteen have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Tesla currently has an average rating of “Hold” and an average target price of $302.75.

Tesla Price Performance

Shares of Tesla stock opened at $325.59 on Tuesday. The firm has a market cap of $1.05 trillion, a PE ratio of 188.20, a price-to-earnings-growth ratio of 9.93 and a beta of 2.39. Tesla, Inc. has a 12-month low of $182.00 and a 12-month high of $488.54. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. The company’s fifty day simple moving average is $324.37 and its two-hundred day simple moving average is $313.04.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The firm had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%. Tesla’s revenue was down 11.8% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. As a group, equities analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Insider Activity at Tesla

In other news, SVP Xiaotong Zhu sold 15,000 shares of Tesla stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the sale, the senior vice president owned 67,600 shares of the company’s stock, valued at approximately $21,889,556. The trade was a 18.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 91,588 shares of Tesla stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the sale, the director directly owned 1,463,220 shares in the company, valued at $522,940,195.80. The trade was a 5.89% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 723,119 shares of company stock worth $247,324,149. 20.70% of the stock is currently owned by company insiders.

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.