St. Johns Investment Management Company LLC Boosts Stake in Tesla, Inc. (NASDAQ:TSLA)

St. Johns Investment Management Company LLC lifted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 55.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 338 shares of the electric vehicle producer’s stock after buying an additional 121 shares during the period. St. Johns Investment Management Company LLC’s holdings in Tesla were worth $59,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TSLA. Aletheian Wealth Advisors LLC increased its position in shares of Tesla by 1.9% during the first quarter. Aletheian Wealth Advisors LLC now owns 4,842 shares of the electric vehicle producer’s stock valued at $851,000 after acquiring an additional 90 shares during the last quarter. Key Client Fiduciary Advisors LLC grew its holdings in shares of Tesla by 8.1% in the first quarter. Key Client Fiduciary Advisors LLC now owns 3,625 shares of the electric vehicle producer’s stock valued at $637,000 after purchasing an additional 271 shares in the last quarter. GoalVest Advisory LLC grew its holdings in shares of Tesla by 7,111.9% in the first quarter. GoalVest Advisory LLC now owns 7,861 shares of the electric vehicle producer’s stock valued at $1,382,000 after purchasing an additional 7,752 shares in the last quarter. Sovereign Financial Group Inc. lifted its stake in Tesla by 5.2% in the first quarter. Sovereign Financial Group Inc. now owns 2,076 shares of the electric vehicle producer’s stock worth $365,000 after acquiring an additional 102 shares during the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in Tesla in the first quarter worth approximately $79,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TSLA shares. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research note on Wednesday, April 24th. Piper Sandler reiterated an “overweight” rating and issued a $205.00 price target on shares of Tesla in a research note on Monday, April 22nd. Canaccord Genuity Group decreased their price target on shares of Tesla from $234.00 to $222.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Evercore ISI reduced their price objective on shares of Tesla from $155.00 to $145.00 and set an “in-line” rating for the company in a research report on Monday, April 29th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $175.00 price objective on shares of Tesla in a research report on Friday, June 14th. Seven equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $187.30.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,772,900. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the transaction, the director now directly owns 15,000 shares in the company, valued at approximately $2,772,900. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares in the company, valued at $11,350,652.55. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,855 shares of company stock worth $19,285,643. Corporate insiders own 25.10% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $196.37 on Thursday. The stock has a market cap of $626.26 billion, a price-to-earnings ratio of 50.09, a PEG ratio of 4.65 and a beta of 2.32. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $299.29. The company’s 50-day moving average price is $175.02 and its 200 day moving average price is $192.25. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. The firm had revenue of $21.30 billion for the quarter, compared to analysts’ expectations of $22.15 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. As a group, research analysts forecast that Tesla, Inc. will post 1.87 earnings per share for the current fiscal year.

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.