Vanguard Capital Wealth Advisors Reduces Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Vanguard Capital Wealth Advisors cut its stake in Tesla, Inc. (NASDAQ:TSLA) by 6.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,269 shares of the electric vehicle producer’s stock after selling 1,350 shares during the period. Tesla makes up approximately 2.5% of Vanguard Capital Wealth Advisors’ holdings, making the stock its 10th biggest position. Vanguard Capital Wealth Advisors’ holdings in Tesla were worth $3,563,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Mather Group LLC. increased its position in shares of Tesla by 18.5% during the third quarter. Mather Group LLC. now owns 9,855 shares of the electric vehicle producer’s stock valued at $2,466,000 after purchasing an additional 1,541 shares during the period. Roundview Capital LLC boosted its holdings in Tesla by 24.9% during the third quarter. Roundview Capital LLC now owns 7,733 shares of the electric vehicle producer’s stock valued at $1,935,000 after purchasing an additional 1,543 shares in the last quarter. Private Advisory Group LLC lifted its position in shares of Tesla by 15.1% during the 3rd quarter. Private Advisory Group LLC now owns 48,723 shares of the electric vehicle producer’s stock worth $12,191,000 after buying an additional 6,401 shares during the period. Tower Research Capital LLC TRC boosted its stake in Tesla by 60.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 189,031 shares of the electric vehicle producer’s stock valued at $47,299,000 after buying an additional 71,255 shares in the last quarter. Finally, Beacon Bridge Wealth Partners LLC grew its position in Tesla by 4.7% in the third quarter. Beacon Bridge Wealth Partners LLC now owns 4,065 shares of the electric vehicle producer’s stock valued at $1,017,000 after acquiring an additional 183 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction on Thursday, June 6th. The shares were 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 owns 65,155 shares of the company’s stock, valued at $11,350,652.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s 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 completion of the transaction, 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. In the last quarter, insiders have sold 104,855 shares of company stock valued at $19,285,643. 25.10% of the stock is owned by company insiders.

Tesla Trading Up 2.2 %

Shares of NASDAQ:TSLA traded up $4.26 during mid-day trading on Friday, reaching $201.68. The stock had a trading volume of 24,322,119 shares, compared to its average volume of 94,757,383. The firm has a 50 day simple moving average of $175.83 and a two-hundred day simple moving average of $192.28. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29. The firm has a market cap of $643.20 billion, a PE ratio of 50.36, a price-to-earnings-growth ratio of 4.87 and a beta of 2.32. 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 (NASDAQ:TSLA) last issued 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 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, research analysts predict that Tesla, Inc. will post 1.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TSLA. Jefferies Financial Group reduced their target price on shares of Tesla from $185.00 to $165.00 and set a “hold” rating on the stock in a research note on Wednesday, April 10th. Stifel Nicolaus assumed coverage on shares of Tesla in a research note on Tuesday. They set a “buy” rating and a $265.00 price objective on the stock. Barclays cut their target price on shares of Tesla from $225.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 17th. UBS Group decreased their price target on Tesla from $160.00 to $147.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 24th. Finally, Royal Bank of Canada cut their price objective on Tesla from $293.00 to $227.00 and set an “outperform” rating for the company in a research report on Thursday, June 20th. Seven investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Tesla presently has an average rating of “Hold” and an average 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.