Tesla, Inc. (NASDAQ:TSLA) Shares Bought by UNICOM Systems Inc.

UNICOM Systems Inc. lifted its stake in Tesla, Inc. (NASDAQ:TSLA) by 60.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 345,895 shares of the electric vehicle producer’s stock after acquiring an additional 130,395 shares during the period. Tesla makes up 18.2% of UNICOM Systems Inc.’s portfolio, making the stock its largest holding. UNICOM Systems Inc.’s holdings in Tesla were worth $89,642,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Florida Financial Advisors LLC increased its holdings in shares of Tesla by 1.6% during the 1st quarter. Florida Financial Advisors LLC now owns 5,367 shares of the electric vehicle producer’s stock worth $1,390,000 after purchasing an additional 85 shares during the period. Bleakley Financial Group LLC increased its stake in Tesla by 33.5% during the first quarter. Bleakley Financial Group LLC now owns 97,971 shares of the electric vehicle producer’s stock valued at $25,390,000 after acquiring an additional 24,597 shares during the period. Key Financial Inc increased its stake in Tesla by 1.7% during the first quarter. Key Financial Inc now owns 3,474 shares of the electric vehicle producer’s stock valued at $900,000 after acquiring an additional 59 shares during the period. Zullo Investment Group Inc. lifted its position in shares of Tesla by 2.7% in the 1st quarter. Zullo Investment Group Inc. now owns 10,502 shares of the electric vehicle producer’s stock worth $2,722,000 after acquiring an additional 274 shares during the period. Finally, A&I Financial Services LLC grew its holdings in shares of Tesla by 16.0% during the 1st quarter. A&I Financial Services LLC now owns 1,492 shares of the electric vehicle producer’s stock worth $387,000 after purchasing an additional 206 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.

Insider Buying and Selling

In other news, SVP Xiaotong Zhu sold 15,000 shares of the business’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the completion of the transaction, the senior vice president directly owned 67,600 shares in the company, valued at approximately $21,889,556. The trade was a 18.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the company’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total value of $170,636,475.60. Following the completion of the sale, the director directly owned 855,394 shares of the company’s stock, valued at approximately $305,632,276.20. This trade represents a 35.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 835,509 shares of company stock valued at $279,420,485 in the last three months. 20.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Baird R W lowered Tesla from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 9th. The Goldman Sachs Group reduced their price objective on shares of Tesla from $315.00 to $285.00 and set a “neutral” rating for the company in a report on Friday. Barclays lowered their target price on shares of Tesla from $325.00 to $275.00 and set an “equal weight” rating on the stock in a research note on Monday, April 21st. Oppenheimer restated a “mixed” rating on shares of Tesla in a research note on Tuesday, March 18th. Finally, JPMorgan Chase & Co. lowered their price objective on Tesla from $120.00 to $115.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $300.19.

Tesla Stock Up 1.2%

Shares of NASDAQ TSLA opened at $313.51 on Monday. Tesla, Inc. has a 1 year low of $182.00 and a 1 year high of $488.54. The firm’s 50-day moving average is $322.60 and its 200-day moving average is $319.32. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $1.01 trillion, a PE ratio of 172.26, a price-to-earnings-growth ratio of 9.33 and a beta of 2.39.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.26). The business had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a net margin of 6.66% and a return on equity of 9.02%. During the same period in the previous year, the business posted $0.45 earnings per share. Equities analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

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.