Flagship Harbor Advisors LLC Increases Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Flagship Harbor Advisors LLC raised its position in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 4.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,195 shares of the electric vehicle producer’s stock after acquiring an additional 763 shares during the quarter. Tesla makes up 1.7% of Flagship Harbor Advisors LLC’s portfolio, making the stock its 5th biggest holding. Flagship Harbor Advisors LLC’s holdings in Tesla were worth $17,452,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TSLA. Garde Capital Inc. lifted its holdings in Tesla by 10.6% in the third quarter. Garde Capital Inc. now owns 6,558 shares of the electric vehicle producer’s stock valued at $5,086,000 after acquiring an additional 628 shares during the period. Janus Henderson Group PLC raised its stake in shares of Tesla by 5.9% in the third quarter. Janus Henderson Group PLC now owns 383,135 shares of the electric vehicle producer’s stock worth $297,072,000 after buying an additional 21,426 shares during the period. Captrust Financial Advisors raised its stake in shares of Tesla by 4.2% in the third quarter. Captrust Financial Advisors now owns 42,667 shares of the electric vehicle producer’s stock worth $33,088,000 after buying an additional 1,732 shares during the period. Colony Group LLC raised its stake in shares of Tesla by 80.1% in the third quarter. Colony Group LLC now owns 4,030 shares of the electric vehicle producer’s stock worth $3,125,000 after buying an additional 1,792 shares during the period. Finally, Wealthsource Partners LLC purchased a new stake in shares of Tesla during the third quarter worth about $3,065,000. 40.64% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on TSLA shares. StockNews.com assumed coverage on Tesla in a report on Thursday, March 31st. They set a “hold” rating for the company. Credit Suisse Group lifted their price target on Tesla from $1,025.00 to $1,125.00 and gave the company an “outperform” rating in a report on Tuesday, April 19th. Exane BNP Paribas cut their price target on Tesla from $700.00 to $600.00 and set an “underperform” rating on the stock in a report on Wednesday, May 18th. Berenberg Bank assumed coverage on Tesla in a research note on Tuesday, May 10th. They set a “hold” rating and a $900.00 target price on the stock. Finally, Jefferies Financial Group dropped their target price on Tesla from $1,250.00 to $1,050.00 and set a “buy” rating on the stock in a research note on Thursday, May 26th. They noted that the move was a valuation call. 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $894.73.

NASDAQ:TSLA opened at $708.26 on Thursday. Tesla, Inc. has a 12 month low of $620.46 and a 12 month high of $1,243.49. The stock has a 50 day moving average of $789.93 and a two-hundred day moving average of $902.53. The company has a current ratio of 1.35, a quick ratio of 1.04 and a debt-to-equity ratio of 0.09. The firm has a market cap of $734.03 billion, a P/E ratio of 96.10, a price-to-earnings-growth ratio of 2.31 and a beta of 2.13.

Tesla (NASDAQ:TSLAGet Rating) last posted its quarterly earnings data on Wednesday, April 20th. The electric vehicle producer reported $2.86 EPS for the quarter, topping the consensus estimate of $1.64 by $1.22. The company had revenue of $18.76 billion during 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 quarterly revenue was up 80.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 EPS. On average, research analysts forecast that Tesla, Inc. will post 10.25 earnings per share for the current year.

In related news, CFO Zachary Kirkhorn sold 2,538 shares of the stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $718.31, for a total value of $1,823,070.78. Following the completion of the transaction, the chief financial officer now directly owns 62,402 shares in the company, valued at $44,823,980.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Vaibhav Taneja sold 1,300 shares of the stock in a transaction that occurred on Tuesday, April 5th. The stock was sold at an average price of $1,141.94, for a total value of $1,484,522.00. Following the completion of the transaction, the chief accounting officer now owns 25,985 shares of the company’s stock, valued at $29,673,310.90. The disclosure for this sale can be found here. Insiders sold 416,669 shares of company stock valued at $369,312,309 over the last 90 days. 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.

Recommended Stories

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLAGet Rating).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.