New York State Common Retirement Fund boosted its stake in shares of Tesla Inc (NASDAQ:TSLA) by 0.1% in the 1st quarter, HoldingsChannel reports. The fund owned 367,018 shares of the electric vehicle producer’s stock after purchasing an additional 200 shares during the quarter. New York State Common Retirement Fund’s holdings in Tesla were worth $102,714,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Mackey Komara & Dankovich LLC raised its stake in Tesla by 493.3% during the first quarter. Mackey Komara & Dankovich LLC now owns 89 shares of the electric vehicle producer’s stock worth $25,000 after acquiring an additional 74 shares in the last quarter. Alpha Windward LLC acquired a new position in Tesla during the fourth quarter worth $26,000. Sontag Advisory LLC acquired a new position in Tesla during the fourth quarter worth $26,000. Mizuho Securities Co. Ltd. acquired a new position in Tesla during the first quarter worth $28,000. Finally, Gradient Investments LLC raised its stake in Tesla by 1,660.0% during the fourth quarter. Gradient Investments LLC now owns 88 shares of the electric vehicle producer’s stock worth $29,000 after acquiring an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 59.71% of the company’s stock.

Shares of TSLA stock opened at $198.61 on Monday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.83 and a quick ratio of 0.42. The stock has a market capitalization of $36.66 billion, a P/E ratio of -34.72 and a beta of 0.27. Tesla Inc has a 12 month low of $208.92 and a 12 month high of $387.46.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, April 24th. The electric vehicle producer reported ($4.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($2.51) by ($1.59). The firm had revenue of $4.54 billion during the quarter, compared to analyst estimates of $5.18 billion. Tesla had a negative return on equity of 18.23% and a negative net margin of 4.29%. Tesla’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($3.35) earnings per share. Equities analysts anticipate that Tesla Inc will post -4.64 earnings per share for the current fiscal year.

In other Tesla news, insider Jeffrey B. Straubel sold 15,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $239.08, for a total transaction of $3,586,200.00. Following the transaction, the insider now owns 321,398 shares in the company, valued at $76,839,833.84. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Elon Musk bought 102,880 shares of Tesla stock in a transaction on Thursday, May 2nd. The shares were bought at an average price of $243.00 per share, for a total transaction of $24,999,840.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 78,560 shares of company stock worth $21,772,906. Company insiders own 22.80% of the company’s stock.

Several research analysts have issued reports on TSLA shares. BidaskClub upgraded Tesla from a “hold” rating to a “buy” rating in a research note on Saturday, February 2nd. Jefferies Financial Group set a $450.00 price objective on Tesla and gave the stock a “buy” rating in a research note on Thursday, January 31st. JMP Securities set a $408.00 price objective on Tesla and gave the stock a “buy” rating in a research note on Tuesday, January 22nd. Canaccord Genuity upgraded Tesla from a “hold” rating to a “buy” rating and increased their price objective for the stock from $330.00 to $450.00 in a research note on Monday, February 11th. Finally, Berenberg Bank set a $500.00 price objective on Tesla and gave the stock a “buy” rating in a research note on Friday, March 1st. Sixteen investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Tesla presently has a consensus rating of “Hold” and a consensus price target of $303.47.

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Tesla Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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