Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Albion Financial Group UT

Albion Financial Group UT trimmed its holdings in Tesla, Inc. (NASDAQ:TSLA) by 69.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,145 shares of the electric vehicle producer’s stock after selling 13,754 shares during the quarter. Albion Financial Group UT’s holdings in Tesla were worth $1,080,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Tesla by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 229,806,372 shares of the electric vehicle producer’s stock worth $57,102,287,000 after acquiring an additional 3,866,361 shares in the last quarter. Norges Bank purchased a new stake in shares of Tesla during the 4th quarter worth about $7,844,757,000. Morgan Stanley boosted its stake in shares of Tesla by 7.8% during the 3rd quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock worth $7,546,823,000 after acquiring an additional 2,177,397 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Tesla by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,155,878 shares of the electric vehicle producer’s stock worth $3,765,933,000 after acquiring an additional 458,804 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Tesla by 12.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,849,425 shares of the electric vehicle producer’s stock worth $1,731,430,000 after acquiring an additional 1,125,329 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of the transaction, the director now owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Xiaotong Zhu sold 650 shares of Tesla 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 directly owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction on Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the sale, the director now directly owns 15,000 shares of the company’s stock, valued at $2,772,900. The disclosure for this sale can be found here. 20.90% of the stock is currently owned by corporate insiders.

Tesla Trading Up 6.5 %

Shares of NASDAQ:TSLA traded up $15.13 during mid-day trading on Wednesday, reaching $246.39. 166,561,422 shares of the company were exchanged, compared to its average volume of 97,070,531. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. The firm has a market cap of $785.79 billion, a price-to-earnings ratio of 62.85, a P/E/G ratio of 4.91 and a beta of 2.31. The firm’s 50-day simple moving average is $180.89 and its 200 day simple moving average is $190.93. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $299.29.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The company had revenue of $21.30 billion during the quarter, compared to analysts’ expectations of $22.15 billion. Equities research analysts forecast that Tesla, Inc. will post 1.86 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TSLA. Stifel Nicolaus started coverage on shares of Tesla in a research note on Tuesday, June 25th. They set a “buy” rating and a $265.00 target price on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research note on Wednesday, April 24th. Citigroup reaffirmed a “neutral” rating on shares of Tesla in a research note on Wednesday, June 12th. JPMorgan Chase & Co. decreased their price target on shares of Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 3rd. Finally, New Street Research reaffirmed a “buy” rating and issued a $235.00 price target on shares of Tesla in a research note on Tuesday, June 25th. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $189.47.

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.