EULAV Asset Management Acquires 11,501 Shares of Tesla, Inc. (NASDAQ:TSLA)

EULAV Asset Management increased its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 22.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,011 shares of the electric vehicle producer's stock after purchasing an additional 11,501 shares during the period. EULAV Asset Management's holdings in Tesla were worth $16,071,000 at the end of the most recent quarter.

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Several other large investors also recently bought and sold shares of the business. True Wealth Design LLC increased its position in Tesla by 79.5% during the fourth quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after acquiring an additional 31 shares during the last quarter. Horrell Capital Management Inc. increased its position in Tesla by 75.6% during the fourth quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after acquiring an additional 34 shares during the last quarter. GS Investments Inc. increased its position in Tesla by 193.3% during the fourth quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after acquiring an additional 58 shares during the last quarter. Navigoe LLC bought a new position in Tesla during the fourth quarter valued at $37,000. Finally, CoreFirst Bank & Trust bought a new position in Tesla during the fourth quarter valued at $38,000. Institutional investors own 66.20% of the company's stock.

Insider Transactions at Tesla

In other news, Director Kimbal Musk sold 91,588 shares of Tesla stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the transaction, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 6,000 shares of Tesla stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $341.02, for a total value of $2,046,120.00. Following the transaction, the chief financial officer owned 1,950 shares in the company, valued at approximately $664,989. This represents a 75.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 829,509 shares of company stock worth $277,648,925 in the last quarter. 20.70% of the stock is owned by insiders.

Tesla Trading Down 0.7%

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Shares of NASDAQ:TSLA opened at $313.56 on Monday. The business's 50 day moving average price is $320.93 and its 200-day moving average price is $324.35. Tesla, Inc. has a 1 year low of $182.00 and a 1 year high of $488.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.54. The firm has a market capitalization of $1.01 trillion, a price-to-earnings ratio of 172.29, a price-to-earnings-growth ratio of 9.17 and a beta of 2.39.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.26). Tesla had a net margin of 6.66% and a return on equity of 9.02%. The firm had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same period in the prior year, the company posted $0.45 earnings per share. On average, equities research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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A number of research analysts have weighed in on the stock. UBS Group set a $290.00 price objective on shares of Tesla in a research report on Monday, June 30th. Glj Research reissued a "sell" rating and set a $19.05 target price (down from $24.86) on shares of Tesla in a research note on Monday, April 21st. Canaccord Genuity Group reissued a "buy" rating and set a $303.00 target price on shares of Tesla in a research note on Monday, June 30th. Piper Sandler reissued an "overweight" rating and set a $400.00 target price on shares of Tesla in a research note on Tuesday, June 10th. Finally, Royal Bank Of Canada lowered their target price on shares of Tesla from $314.00 to $307.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Ten analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $301.60.

Get Our Latest Research Report on TSLA

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.

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