Tesla, Inc. (NASDAQ:TSLA) is Blue Square Asset Management LLC’s 7th Largest Position

Blue Square Asset Management LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 33.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 24,125 shares of the electric vehicle producer’s stock after purchasing an additional 6,083 shares during the period. Tesla comprises 2.8% of Blue Square Asset Management LLC’s investment portfolio, making the stock its 7th largest holding. Blue Square Asset Management LLC’s holdings in Tesla were worth $4,241,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TSLA. Daymark Wealth Partners LLC boosted its stake in shares of Tesla by 0.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock valued at $2,622,000 after purchasing an additional 45 shares during the period. Patten & Patten Inc. TN boosted its stake in shares of Tesla by 1.1% in the fourth quarter. Patten & Patten Inc. TN now owns 4,601 shares of the electric vehicle producer’s stock valued at $1,143,000 after purchasing an additional 48 shares during the period. Caerus Investment Advisors LLC boosted its stake in shares of Tesla by 0.3% in the fourth quarter. Caerus Investment Advisors LLC now owns 14,395 shares of the electric vehicle producer’s stock valued at $3,577,000 after purchasing an additional 49 shares during the period. Salvus Wealth Management LLC boosted its stake in shares of Tesla by 3.2% in the fourth quarter. Salvus Wealth Management LLC now owns 1,617 shares of the electric vehicle producer’s stock valued at $402,000 after purchasing an additional 50 shares during the period. Finally, Monte Financial Group LLC boosted its stake in shares of Tesla by 3.4% in the fourth quarter. Monte Financial Group LLC now owns 1,526 shares of the electric vehicle producer’s stock valued at $379,000 after purchasing an additional 50 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Price Performance

TSLA traded down $22.23 on Thursday, reaching $241.03. The company had a trading volume of 220,523,206 shares, compared to its average volume of 99,610,352. Tesla, Inc. has a one year low of $138.80 and a one year high of $299.29. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average of $190.19 and a 200-day moving average of $191.41. The company has a market capitalization of $768.69 billion, a P/E ratio of 61.49, a PEG ratio of 6.27 and a beta of 2.31.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The company had revenue of $21.30 billion during the quarter, compared to analyst estimates of $22.15 billion. As a group, equities research analysts anticipate that Tesla, Inc. will post 1.86 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on TSLA shares. Bank of America upgraded shares of Tesla from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a research note on Wednesday, April 24th. The Goldman Sachs Group upped their target price on shares of Tesla from $175.00 to $248.00 and gave the company a “neutral” rating in a research note on Wednesday. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $120.00 price target on shares of Tesla in a report on Monday, July 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $230.00 price target on shares of Tesla in a report on Monday, July 1st. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $85.00 price target on shares of Tesla in a report on Wednesday, April 24th. Seven analysts have rated the stock with a sell rating, sixteen have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Tesla currently has an average rating of “Hold” and an average price target of $195.39.

Insider Activity

In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the sale, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of the sale, the director now directly owns 15,000 shares of the company’s stock, valued at $2,772,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the sale, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The disclosure for this sale can be found here. Insiders own 20.90% of the company’s stock.

Tesla Company Profile

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.