Tesla, Inc. $TSLA Shares Purchased by Boston Trust Walden Corp

Boston Trust Walden Corp boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 183.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,603 shares of the electric vehicle producer’s stock after buying an additional 6,218 shares during the period. Boston Trust Walden Corp’s holdings in Tesla were worth $3,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Keybank National Association OH raised its position in shares of Tesla by 24.5% in the 1st quarter. Keybank National Association OH now owns 66,692 shares of the electric vehicle producer’s stock valued at $24,793,000 after purchasing an additional 13,144 shares during the last quarter. GPM Growth Investors Inc. acquired a new position in Tesla during the 1st quarter valued at approximately $2,000,000. Stevens Capital Partners raised its holdings in shares of Tesla by 26.9% in the first quarter. Stevens Capital Partners now owns 3,758 shares of the electric vehicle producer’s stock worth $1,397,000 after buying an additional 797 shares during the last quarter. TSG Advice Partners LLC grew its holdings in shares of Tesla by 32.7% during the first quarter. TSG Advice Partners LLC now owns 4,353 shares of the electric vehicle producer’s stock valued at $1,618,000 after buying an additional 1,072 shares during the last quarter. Finally, Center for Wealth Management Advisory increased its position in shares of Tesla by 12.8% in the 1st quarter. Center for Wealth Management Advisory now owns 2,652 shares of the electric vehicle producer’s stock valued at $986,000 after acquiring an additional 301 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on TSLA shares. China Renaissance dropped their price target on Tesla from $382.00 to $372.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. Tigress Financial started coverage on Tesla in a research report on Monday, April 27th. They issued a “buy” rating on the stock. Wedbush reiterated an “outperform” rating and issued a $600.00 price target on shares of Tesla in a report on Tuesday, April 21st. Glj Research reissued a “sell” rating on shares of Tesla in a research report on Friday, June 12th. Finally, Guggenheim assumed coverage on shares of Tesla in a research note on Monday, June 29th. They set a “neutral” rating for the company. Twenty-one research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Tesla has a consensus rating of “Hold” and a consensus target price of $403.92.

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Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the sale, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. This represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the sale, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 32,015 shares of company stock valued at $12,383,640. Company insiders own 19.90% of the company’s stock.

Tesla Price Performance

Shares of TSLA stock opened at $393.45 on Friday. Tesla, Inc. has a twelve month low of $288.77 and a twelve month high of $498.83. The stock has a market cap of $1.48 trillion, a P/E ratio of 360.96, a P/E/G ratio of 15.61 and a beta of 1.80. The stock has a 50 day moving average of $407.39 and a 200 day moving average of $411.79. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLAGet Free Report) last released its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS. As a group, sell-side analysts expect that Tesla, Inc. will post 1.2 EPS for the current year.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

About Tesla

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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