Garde Capital Inc. Acquires 334 Shares of Tesla Inc. (TSLA)

Garde Capital Inc. increased its stake in shares of Tesla Inc. (NASDAQ:TSLA) by 14.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 2,662 shares of the electric vehicle producer’s stock after buying an additional 334 shares during the period. Garde Capital Inc.’s holdings in Tesla were worth $741,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Tesla by 10.9% in the first quarter. FMR LLC now owns 24,450,435 shares of the electric vehicle producer’s stock valued at $6,804,556,000 after buying an additional 2,400,034 shares during the last quarter. Baillie Gifford & Co. boosted its stake in shares of Tesla by 2.5% in the first quarter. Baillie Gifford & Co. now owns 13,625,678 shares of the electric vehicle producer’s stock valued at $3,792,025,000 after buying an additional 336,130 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Tesla by 5.0% in the first quarter. Vanguard Group Inc. now owns 5,934,799 shares of the electric vehicle producer’s stock valued at $1,651,654,000 after buying an additional 280,941 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Tesla by 7.6% in the first quarter. Jennison Associates LLC now owns 2,869,480 shares of the electric vehicle producer’s stock valued at $798,576,000 after buying an additional 203,034 shares during the last quarter. Finally, Primecap Management Co. CA boosted its stake in shares of Tesla by 4.1% in the first quarter. Primecap Management Co. CA now owns 1,215,640 shares of the electric vehicle producer’s stock valued at $338,313,000 after buying an additional 47,550 shares during the last quarter. Institutional investors and hedge funds own 63.77% of the company’s stock.

Shares of Tesla Inc. (NASDAQ:TSLA) traded down 0.92% during trading on Tuesday, reaching $374.00. The company’s stock had a trading volume of 2,079,806 shares. Tesla Inc. has a 12-month low of $178.19 and a 12-month high of $384.25. The stock’s market cap is $61.43 billion. The company has a 50 day moving average of $334.64 and a 200-day moving average of $275.06.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, May 3rd. The electric vehicle producer reported ($1.97) earnings per share for the quarter, missing the consensus estimate of ($0.67) by $1.30. Tesla had a negative return on equity of 17.13% and a negative net margin of 8.46%. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Analysts forecast that Tesla Inc. will post ($5.72) EPS for the current year.

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TSLA has been the topic of several analyst reports. Zacks Investment Research upgraded Tesla from a “hold” rating to a “buy” rating and set a $345.00 target price on the stock in a report on Tuesday, April 25th. Vetr cut Tesla from a “sell” rating to a “strong sell” rating and set a $277.96 price target on the stock. in a report on Tuesday, May 9th. Deutsche Bank AG restated a “hold” rating and set a $240.00 price target on shares of Tesla in a report on Thursday, May 4th. Robert W. Baird set a $368.00 price target on Tesla and gave the stock a “buy” rating in a report on Thursday, March 2nd. Finally, FBN Securities increased their price target on Tesla from $275.00 to $425.00 and gave the stock an “outperform” rating in a report on Monday, April 3rd. Eight equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $291.50.

In other Tesla news, VP John Douglas Field sold 500 shares of the firm’s stock in a transaction on Friday, April 7th. The stock was sold at an average price of $301.45, for a total transaction of $150,725.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kimbal Musk sold 2,500 shares of the firm’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $286.28, for a total value of $715,700.00. Following the transaction, the director now owns 170,546 shares in the company, valued at $48,823,908.88. The disclosure for this sale can be found here. Insiders have sold a total of 242,791 shares of company stock worth $74,745,344 over the last 90 days. 23.10% of the stock is currently owned by company insiders.

About Tesla

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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