Citizens Financial Group Inc. RI Has $31.29 Million Stake in Tesla, Inc. $TSLA

Citizens Financial Group Inc. RI raised its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 4.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 84,173 shares of the electric vehicle producer’s stock after acquiring an additional 3,767 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Tesla were worth $31,291,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. PFS Partners LLC increased its stake in Tesla by 4.2% during the fourth quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock valued at $265,000 after acquiring an additional 24 shares during the period. Boltwood Capital Management lifted its position in shares of Tesla by 1.2% in the 4th quarter. Boltwood Capital Management now owns 2,120 shares of the electric vehicle producer’s stock worth $953,000 after acquiring an additional 25 shares during the period. Woodmont Investment Counsel LLC grew its holdings in shares of Tesla by 1.2% during the 4th quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer’s stock worth $955,000 after purchasing an additional 25 shares in the last quarter. Aspect Partners LLC increased its position in shares of Tesla by 12.5% during the fourth quarter. Aspect Partners LLC now owns 225 shares of the electric vehicle producer’s stock valued at $101,000 after purchasing an additional 25 shares during the period. Finally, Human Investing LLC raised its stake in shares of Tesla by 4.5% in the fourth quarter. Human Investing LLC now owns 578 shares of the electric vehicle producer’s stock valued at $260,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Price Performance

Shares of TSLA traded up $1.21 during trading hours on Friday, hitting $407.76. The stock had a trading volume of 33,333,565 shares, compared to its average volume of 42,504,768. The stock has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 374.09, a P/E/G ratio of 14.93 and a beta of 1.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. The company’s fifty day moving average is $410.46 and its two-hundred day moving average is $409.23. Tesla, Inc. has a 52 week low of $297.82 and a 52 week high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the firm posted $0.27 EPS. On average, analysts anticipate that Tesla, Inc. will post 1.3 EPS for the current year.

Analysts Set New Price Targets

TSLA has been the topic of a number of recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research note on Thursday, April 23rd. Glj Research reiterated a “sell” rating on shares of Tesla in a research report on Friday, June 12th. Robert W. Baird lowered their target price on shares of Tesla from $538.00 to $522.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. William Blair restated a “market perform” rating on shares of Tesla in a research note on Thursday, July 2nd. Finally, China Renaissance decreased their price objective on Tesla from $382.00 to $372.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Twenty-one research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $406.87.

View Our Latest Analysis on TSLA

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the transaction, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. The trade was a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the sale, the director owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 32,015 shares of company stock valued at $12,383,640 in the last quarter. 19.90% of the stock is currently owned by corporate insiders.

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Tesla Company Profile

(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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