Tlwm Trims Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Tlwm decreased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 0.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,585 shares of the electric vehicle producer’s stock after selling 66 shares during the quarter. Tesla makes up approximately 0.4% of Tlwm’s holdings, making the stock its 19th largest holding. Tlwm’s holdings in Tesla were worth $1,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of TSLA. Colorado Capital Management Inc. boosted its holdings in shares of Tesla by 4.0% in the 1st quarter. Colorado Capital Management Inc. now owns 7,147 shares of the electric vehicle producer’s stock valued at $1,256,000 after purchasing an additional 272 shares during the last quarter. Procyon Advisors LLC grew its position in Tesla by 65.2% during the first quarter. Procyon Advisors LLC now owns 54,787 shares of the electric vehicle producer’s stock valued at $9,631,000 after acquiring an additional 21,617 shares during the period. ERn Financial LLC increased its stake in Tesla by 15.1% during the first quarter. ERn Financial LLC now owns 13,415 shares of the electric vehicle producer’s stock worth $2,358,000 after acquiring an additional 1,764 shares during the last quarter. Viking Fund Management LLC purchased a new position in shares of Tesla in the 1st quarter worth about $1,055,000. Finally, PFS Partners LLC grew its holdings in shares of Tesla by 22.0% during the 1st quarter. PFS Partners LLC now owns 433 shares of the electric vehicle producer’s stock worth $76,000 after purchasing an additional 78 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Performance

TSLA stock traded up $1.05 during trading on Thursday, reaching $197.42. 72,631,261 shares of the company’s stock were exchanged, compared to its average volume of 95,328,602. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $299.29. The company’s fifty day moving average price is $175.83 and its 200-day moving average price is $192.28. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The firm has a market cap of $629.61 billion, a PE ratio of 49.98, a P/E/G ratio of 4.65 and a beta of 2.32.

Tesla (NASDAQ:TSLA) last released its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, meeting the consensus estimate 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%. On average, research analysts expect that Tesla, Inc. will post 1.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Tesla from $125.00 to $120.00 and set an “underweight” rating on the stock in a research report on Friday, April 12th. Guggenheim reissued a “sell” rating and issued a $126.00 price objective on shares of Tesla in a research report on Tuesday. Citigroup reiterated a “neutral” rating on shares of Tesla in a research note on Wednesday, June 12th. Mizuho decreased their price target on Tesla from $195.00 to $180.00 and set a “neutral” rating for the company in a report on Wednesday, April 24th. Finally, Piper Sandler reissued an “overweight” rating and set a $205.00 target price on shares of Tesla in a research report on Monday, April 22nd. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Tesla currently has an average rating of “Hold” and a consensus price target of $187.30.

Insider Buying and Selling

In other news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction on Monday, April 1st. The stock was sold at an average price of $176.20, for a total transaction of $1,850,100.00. Following the transaction, the senior vice president now directly owns 31,230 shares in the company, valued at approximately $5,502,726. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Tesla news, SVP Xiaotong Zhu sold 650 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $176.20, for a total value of $1,850,100.00. Following the sale, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at $5,502,726. The disclosure for this sale can be found here. Insiders have sold a total of 104,855 shares of company stock valued at $19,285,643 over the last quarter. Corporate insiders own 25.10% of the company’s stock.

Tesla Profile

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.