Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Childress Capital Advisors LLC

Childress Capital Advisors LLC lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 10.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,752 shares of the electric vehicle producer's stock after selling 871 shares during the quarter. Childress Capital Advisors LLC's holdings in Tesla were worth $2,009,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TSLA. True Wealth Design LLC grew its position in shares of Tesla by 79.5% during the 4th quarter. True Wealth Design LLC now owns 70 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 31 shares in the last quarter. Horrell Capital Management Inc. raised its holdings in shares of Tesla by 75.6% in the 4th quarter. Horrell Capital Management Inc. now owns 79 shares of the electric vehicle producer's stock valued at $32,000 after acquiring an additional 34 shares in the last quarter. GS Investments Inc. boosted its position in shares of Tesla by 193.3% during the 4th quarter. GS Investments Inc. now owns 88 shares of the electric vehicle producer's stock valued at $36,000 after acquiring an additional 58 shares during the last quarter. Navigoe LLC bought a new position in shares of Tesla in the fourth quarter worth approximately $37,000. Finally, CoreFirst Bank & Trust purchased a new stake in Tesla in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the company'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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robyn M. Denholm sold 112,395 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $274.12, for a total transaction of $30,809,717.40. Following the transaction, the director now owns 85,000 shares in the company, valued at approximately $23,300,200. The trade was a 56.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 833,509 shares of company stock valued at $278,648,925 in the last quarter. 20.70% of the stock is owned by insiders.

Tesla Trading Down 3.8%

TSLA stock traded down $12.92 during midday trading on Wednesday, reaching $327.55. 119,381,653 shares of the company traded hands, compared to its average volume of 101,945,226. The firm has a market capitalization of $1.06 trillion, a price-to-earnings ratio of 179.97, a P/E/G ratio of 12.73 and a beta of 2.47. The business has a 50 day moving average of $309.87 and a 200-day moving average of $331.48. Tesla, Inc. has a 52-week low of $182.00 and a 52-week high of $488.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The firm had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a return on equity of 9.02% and a net margin of 6.66%. During the same period in the prior year, the firm posted $0.45 earnings per share. As a group, sell-side analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on TSLA. Oppenheimer reaffirmed a "mixed" rating on shares of Tesla in a report on Tuesday, March 18th. TD Cowen raised shares of Tesla from a "hold" rating to a "buy" rating and lifted their price target for the stock from $180.00 to $388.00 in a research note on Friday, March 7th. Truist Financial set a $280.00 price target on shares of Tesla in a research note on Tuesday, April 22nd. Piper Sandler reiterated an "overweight" rating and issued a $400.00 price objective on shares of Tesla in a research report on Tuesday, June 10th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Tesla in a report on Wednesday, April 23rd. Ten research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $294.58.

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.