RPG Investment Advisory LLC Has $1.82 Million Holdings in Tesla Inc (TSLA)

RPG Investment Advisory LLC lowered its holdings in Tesla Inc (NASDAQ:TSLA) by 4.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 6,496 shares of the electric vehicle producer’s stock after selling 294 shares during the quarter. RPG Investment Advisory LLC’s holdings in Tesla were worth $1,818,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Alpha Windward LLC acquired a new stake in shares of Tesla in the 4th quarter valued at approximately $26,000. Sontag Advisory LLC acquired a new stake in shares of Tesla in the 4th quarter valued at approximately $26,000. Gradient Investments LLC lifted its holdings in shares of Tesla by 1,660.0% in the 4th quarter. Gradient Investments LLC now owns 88 shares of the electric vehicle producer’s stock valued at $29,000 after buying an additional 83 shares during the period. Intercontinental Wealth Advisors LLC acquired a new stake in shares of Tesla in the 4th quarter valued at approximately $30,000. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of Tesla in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 59.41% of the company’s stock.

TSLA has been the subject of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $450.00 price target on shares of Tesla in a report on Wednesday, March 27th. Oppenheimer raised their price objective on Tesla from $418.00 to $437.00 and gave the company an “outperform” rating in a research note on Thursday, January 31st. Berenberg Bank set a $500.00 price objective on Tesla and gave the company a “buy” rating in a research note on Friday, March 1st. Canaccord Genuity raised Tesla from a “hold” rating to a “buy” rating and raised their price objective for the company from $330.00 to $450.00 in a research note on Monday, February 11th. Finally, Goldman Sachs Group reissued a “sell” rating and set a $225.00 price target on shares of Tesla in a research report on Tuesday, January 22nd. Seventeen equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $304.65.

In other news, Director Antonio J. Gracias sold 16,780 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $285.46, for a total transaction of $4,790,018.80. Following the completion of the transaction, the director now directly owns 16,792 shares of the company’s stock, valued at $4,793,444.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey B. Straubel sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $239.08, for a total value of $3,586,200.00. Following the transaction, the insider now directly owns 321,398 shares of the company’s stock, valued at $76,839,833.84. The disclosure for this sale can be found here. Insiders sold 95,340 shares of company stock worth $26,907,754 in the last quarter. 22.80% of the stock is owned by insiders.

Shares of Tesla stock opened at $247.06 on Wednesday. Tesla Inc has a twelve month low of $231.13 and a twelve month high of $387.46. The firm has a market capitalization of $44.30 billion, a P/E ratio of -43.19 and a beta of 0.27. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.42 and a current ratio of 0.83.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, April 24th. The electric vehicle producer reported ($4.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($2.51) by ($1.59). Tesla had a negative net margin of 4.29% and a negative return on equity of 18.23%. The firm had revenue of $4.54 billion during the quarter, compared to analyst estimates of $5.18 billion. During the same quarter in the previous year, the business posted ($3.35) EPS. Tesla’s revenue was up 33.2% compared to the same quarter last year. As a group, equities research analysts predict that Tesla Inc will post -4.64 EPS for the current year.

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Tesla Company Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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