Bard Financial Services Inc. Sells 975 Shares of Tesla, Inc. (NASDAQ:TSLA)

Bard Financial Services Inc. lowered its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,210 shares of the electric vehicle producer's stock after selling 975 shares during the quarter. Bard Financial Services Inc.'s holdings in Tesla were worth $3,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Wealth Group Ltd. purchased a new position in shares of Tesla in the fourth quarter worth about $275,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Tesla during the fourth quarter worth about $1,361,000. Tallon Kerry Patrick purchased a new stake in shares of Tesla during the fourth quarter worth about $374,000. Eagle Capital Management LLC bought a new stake in shares of Tesla in the fourth quarter worth about $331,000. Finally, Brighton Jones LLC increased its holdings in Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock valued at $35,509,000 after purchasing an additional 9,293 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $285.58, for a total transaction of $32,096,336.20. Following the completion of the sale, the director now owns 85,000 shares of the company's stock, valued at $24,274,300. The trade was a 56.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the transaction, the chief financial officer now directly owns 26,950 shares in the company, valued at approximately $6,737,500. This represents a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 818,509 shares of company stock valued at $273,791,775 in the last quarter. 20.70% of the stock is currently owned by insiders.

Tesla Stock Performance

Tesla stock traded down $1.12 during midday trading on Thursday, reaching $325.31. 66,383,015 shares of the company traded hands, compared to its average volume of 100,533,425. Tesla, Inc. has a 12 month low of $169.80 and a 12 month high of $488.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61. The business has a 50 day moving average of $295.60 and a two-hundred day moving average of $333.11. The firm has a market capitalization of $1.05 trillion, a price-to-earnings ratio of 159.47, a price-to-earnings-growth ratio of 5.86 and a beta of 2.47.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a return on equity of 10.31% and a net margin of 7.26%. The firm had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. During the same quarter last year, the business earned $0.45 earnings per share. As a group, research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on TSLA. Benchmark reaffirmed a "buy" rating and issued a $350.00 price target on shares of Tesla in a research note on Wednesday, April 23rd. Barclays dropped their target price on shares of Tesla from $325.00 to $275.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Cfra Research cut shares of Tesla from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Tesla from $420.00 to $345.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, Wells Fargo & Company cut their price objective on Tesla from $135.00 to $130.00 and set an "underweight" rating on the stock in a research report on Friday, March 14th. Ten investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Tesla currently has a consensus rating of "Hold" and an average target price of $293.67.

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.