Trilogy Capital Inc. Has $755,000 Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Trilogy Capital Inc. raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 133.0% during the 1st quarter, Holdings Channel reports. The fund owned 4,294 shares of the electric vehicle producer’s stock after acquiring an additional 2,451 shares during the period. Trilogy Capital Inc.’s holdings in Tesla were worth $755,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Tesla by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 229,806,372 shares of the electric vehicle producer’s stock worth $57,102,287,000 after buying an additional 3,866,361 shares during the period. Norges Bank acquired a new position in shares of Tesla in the fourth quarter valued at about $7,844,757,000. Morgan Stanley increased its position in Tesla by 7.8% during the third quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock worth $7,546,823,000 after acquiring an additional 2,177,397 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Tesla by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,155,878 shares of the electric vehicle producer’s stock valued at $3,765,933,000 after purchasing an additional 458,804 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Tesla by 0.3% during the 3rd quarter. American Century Companies Inc. now owns 6,702,634 shares of the electric vehicle producer’s stock worth $1,677,133,000 after purchasing an additional 19,887 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Up 0.2 %

Shares of TSLA opened at $197.88 on Monday. The company has a market capitalization of $631.08 billion, a PE ratio of 50.48, a PEG ratio of 4.91 and a beta of 2.31. The stock’s 50-day moving average price is $177.80 and its two-hundred day moving average price is $191.38. 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, Inc. has a 12 month low of $138.80 and a 12 month high of $299.29.

Tesla (NASDAQ:TSLA) last released its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $21.30 billion during the quarter, compared to the consensus estimate of $22.15 billion. Tesla had a net margin of 14.37% and a return on equity of 13.18%. On average, analysts anticipate that Tesla, Inc. will post 1.86 EPS for the current year.

Insider Buying and Selling

In other Tesla news, 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 completion of the sale, the senior vice president now directly owns 65,155 shares in the company, valued at approximately $11,350,652.55. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the sale, the senior vice president now directly owns 65,155 shares in the company, valued at $11,350,652.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $17,322,306.30. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $2,772,900. The disclosure for this sale can be found here. 20.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on TSLA. Wedbush reiterated an “outperform” rating and issued a $275.00 price target on shares of Tesla in a research note on Friday, June 14th. Oppenheimer restated a “market perform” rating on shares of Tesla in a research report on Wednesday, April 24th. Evercore ISI cut 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. Mizuho decreased their target price on shares of Tesla from $195.00 to $180.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Finally, Stifel Nicolaus started coverage on shares of Tesla in a report on Tuesday, June 25th. They set a “buy” rating and a $265.00 price target for the company. Seven research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $187.30.

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.