Atria Investments LLC acquired a new stake in shares of Tesla Inc. (NASDAQ:TSLA) during the second quarter, Holdings Channel reports. The fund acquired 591 shares of the electric vehicle producer’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC boosted its position in Tesla by 4.5% in the fourth quarter. Perigon Wealth Management LLC now owns 7,951 shares of the electric vehicle producer’s stock valued at $2,000,000 after buying an additional 341 shares during the last quarter. Lincoln National Corp bought a new position in Tesla during the first quarter valued at $226,000. UBS Asset Management Americas Inc. boosted its position in Tesla by 9.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 290,524 shares of the electric vehicle producer’s stock valued at $62,082,000 after buying an additional 25,012 shares during the last quarter. Vanguard Group Inc. boosted its position in Tesla by 5.0% in the first quarter. Vanguard Group Inc. now owns 5,934,799 shares of the electric vehicle producer’s stock valued at $1,651,654,000 after buying an additional 280,941 shares during the last quarter. Finally, Gemmer Asset Management LLC boosted its position in Tesla by 8.3% in the first quarter. Gemmer Asset Management LLC now owns 759 shares of the electric vehicle producer’s stock valued at $211,000 after buying an additional 58 shares during the last quarter. 63.75% of the stock is owned by hedge funds and other institutional investors.

Shares of Tesla Inc. (NASDAQ TSLA) opened at 325.26 on Thursday. The stock has a 50 day moving average of $351.07 and a 200 day moving average of $295.15. Tesla Inc. has a 52 week low of $178.19 and a 52 week high of $386.99. The stock’s market cap is $53.43 billion.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, May 3rd. The electric vehicle producer reported ($1.97) earnings per share for the quarter, missing the consensus estimate of ($0.67) by $1.30. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.56 billion. Tesla had a negative net margin of 8.46% and a negative return on equity of 17.13%. On average, analysts expect that Tesla Inc. will post ($5.75) earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This report was originally posted by Daily Political and is the property of of Daily Political. If you are accessing this report on another publication, it was stolen and republished in violation of US & international copyright laws. The legal version of this report can be read at https://www.dailypolitical.com/2017/07/20/atria-investments-llc-invests-214000-in-tesla-inc-tsla.html.

Several research analysts have recently weighed in on TSLA shares. Bank of America Corporation decreased their price objective on shares of Tesla from $170.00 to $165.00 and set an “underperform” rating for the company in a report on Wednesday, April 26th. Morgan Stanley reissued an “overweight” rating and set a $305.00 price objective on shares of Tesla in a report on Saturday, March 25th. Guggenheim boosted their price objective on shares of Tesla from $320.00 to $380.00 and gave the company a “buy” rating in a report on Monday, May 15th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Tesla in a report on Thursday, April 6th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $314.00 price objective on shares of Tesla in a report on Thursday, May 25th. Seven research analysts have rated the stock with a sell rating, thirteen have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $294.15.

In other news, Director Kimbal Musk sold 2,500 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $315.67, for a total transaction of $789,175.00. Following the transaction, the director now owns 168,355 shares of the company’s stock, valued at approximately $53,144,622.85. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robyn M. Denholm sold 20,000 shares of the business’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $311.76, for a total transaction of $6,235,200.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $6,235,200. The disclosure for this sale can be found here. In the last three months, insiders have sold 242,290 shares of company stock worth $74,919,505. Corporate insiders own 23.10% of the company’s stock.

About Tesla

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla Inc. (NASDAQ:TSLA).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla Inc. and related companies with MarketBeat.com's FREE daily email newsletter.