Tesla, Inc. (NASDAQ:TSLA) Shares Sold by S. R. Schill & Associates

S. R. Schill & Associates cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 6.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,630 shares of the electric vehicle producer’s stock after selling 120 shares during the period. S. R. Schill & Associates’ holdings in Tesla were worth $287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Holderness Investments Co. increased its holdings in Tesla by 1.6% in the third quarter. Holderness Investments Co. now owns 2,599 shares of the electric vehicle producer’s stock valued at $650,000 after buying an additional 42 shares in the last quarter. SCS Capital Management LLC increased its holdings in Tesla by 0.3% in the third quarter. SCS Capital Management LLC now owns 16,881 shares of the electric vehicle producer’s stock valued at $4,224,000 after buying an additional 45 shares in the last quarter. Daymark Wealth Partners LLC increased its holdings in Tesla by 0.4% in the fourth quarter. Daymark Wealth Partners LLC now owns 10,554 shares of the electric vehicle producer’s stock valued at $2,622,000 after buying an additional 45 shares in the last quarter. Cravens & Co Advisors LLC increased its holdings in Tesla by 1.2% in the third quarter. Cravens & Co Advisors LLC now owns 4,095 shares of the electric vehicle producer’s stock valued at $1,025,000 after buying an additional 48 shares in the last quarter. Finally, Patten & Patten Inc. TN increased its holdings in Tesla by 1.1% in the fourth quarter. Patten & Patten Inc. TN now owns 4,601 shares of the electric vehicle producer’s stock valued at $1,143,000 after buying an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TSLA shares. Morgan Stanley reissued an “overweight” rating and set a $310.00 target price on shares of Tesla in a research note on Wednesday, June 12th. Roth Mkm reissued a “neutral” rating and set a $85.00 target price on shares of Tesla in a research note on Wednesday, April 24th. Oppenheimer reissued a “market perform” rating on shares of Tesla in a research note on Wednesday, April 24th. Mizuho cut their target price on shares of Tesla from $195.00 to $180.00 and set a “neutral” rating for the company in a research note 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 note on Monday, April 22nd. Eight research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Tesla currently has an average rating of “Hold” and a consensus price target of $185.90.

View Our Latest Research Report on Tesla

Insider Buying and Selling at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of Tesla 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 transaction, the senior vice president now directly owns 31,230 shares in the company, valued at $5,502,726. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated 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 owns 31,230 shares of the company’s stock, valued at $5,502,726. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $2,772,900. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,855 shares of company stock worth $19,285,643. 20.90% of the stock is owned by company insiders.

Tesla Stock Down 1.4 %

NASDAQ:TSLA traded down $2.58 during midday trading on Wednesday, hitting $184.86. 68,982,265 shares of the company were exchanged, compared to its average volume of 71,514,960. The company has a fifty day simple moving average of $173.35 and a 200 day simple moving average of $194.23. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $299.29. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $589.55 billion, a PE ratio of 47.16, a price-to-earnings-growth ratio of 4.65 and a beta of 2.32.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. Tesla had a net margin of 14.37% and a return on equity of 13.18%. The firm had revenue of $21.30 billion for the quarter, compared to analyst estimates of $22.15 billion. As a group, equities analysts anticipate that Tesla, Inc. will post 1.87 earnings per share for the current fiscal year.

Tesla Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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