Tesla, Inc. (NASDAQ:TSLA) is GFS Advisors LLC’s 10th Largest Position

GFS Advisors LLC raised its position in Tesla, Inc. (NASDAQ:TSLA) by 0.5% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 53,136 shares of the electric vehicle producer’s stock after purchasing an additional 242 shares during the period. Tesla comprises approximately 2.8% of GFS Advisors LLC’s portfolio, making the stock its 10th biggest holding. GFS Advisors LLC’s holdings in Tesla were worth $13,771,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. True Wealth Design LLC grew its holdings in Tesla by 79.5% during the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer’s stock valued at $28,000 after buying an additional 31 shares during the last quarter. Horrell Capital Management Inc. lifted its position in shares of Tesla by 75.6% in 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 in the last quarter. GS Investments Inc. boosted its stake in shares of 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 purchased a new stake in Tesla during the 4th quarter worth about $37,000. Finally, CoreFirst Bank & Trust acquired a new position in Tesla in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 1.8%

NASDAQ TSLA opened at $322.05 on Friday. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a fifty-two week low of $179.66 and a fifty-two week high of $488.54. The business has a 50 day moving average price of $304.81 and a two-hundred day moving average price of $332.35. The stock has a market cap of $1.04 trillion, a PE ratio of 176.95, a P/E/G ratio of 12.04 and a beta of 2.47.

Tesla (NASDAQ:TSLA) last announced its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.26). The firm had revenue of $19.34 billion during the quarter, compared to analysts’ expectations of $22.93 billion. Tesla had a net margin of 6.66% and a return on equity of 9.02%. During the same quarter last year, the company posted $0.45 earnings per share. As a group, sell-side analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling at Tesla

In other news, SVP Xiaotong Zhu sold 15,000 shares of the stock in a transaction that occurred on 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 now directly owns 67,600 shares in the company, valued at approximately $21,889,556. This represents a 18.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Gebbia purchased 4,000 shares of the company’s stock in a transaction that occurred on Thursday, April 24th. The stock was bought at an average price of $256.31 per share, with a total value of $1,025,240.00. Following the purchase, the director now owns 4,111 shares of the company’s stock, valued at approximately $1,053,690.41. The trade was a 3,603.60% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 833,509 shares of company stock valued at $278,648,925 in the last ninety days. Insiders own 20.70% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the topic of several analyst reports. Guggenheim reaffirmed a “sell” rating on shares of Tesla in a research note on Friday, June 13th. Roth Mkm decreased their target price on shares of Tesla from $450.00 to $395.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Baird R W cut shares of Tesla from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 9th. Morgan Stanley reissued an “overweight” rating and set a $410.00 price target on shares of Tesla in a research note on Friday, June 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $400.00 price objective on shares of Tesla in a research report on Tuesday, June 10th. Ten research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $293.67.

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.