Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Chilton Capital Management LLC

Chilton Capital Management LLC lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,890 shares of the electric vehicle producer's stock after selling 2,716 shares during the quarter. Chilton Capital Management LLC's holdings in Tesla were worth $24,592,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Tesla by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 243,193,181 shares of the electric vehicle producer's stock valued at $98,211,134,000 after acquiring an additional 3,571,793 shares during the period. Geode Capital Management LLC increased its position in shares of Tesla by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 61,011,604 shares of the electric vehicle producer's stock valued at $24,566,217,000 after acquiring an additional 1,655,203 shares during the period. Norges Bank acquired a new position in shares of Tesla in the 4th quarter valued at $14,420,248,000. FMR LLC increased its holdings in shares of Tesla by 40.1% in the fourth quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock valued at $13,997,660,000 after purchasing an additional 9,920,325 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Tesla by 21.6% in the fourth quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock valued at $11,541,592,000 after purchasing an additional 5,075,418 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Down 0.7%

NASDAQ:TSLA traded down $2.09 during mid-day trading on Friday, hitting $313.56. The stock had a trading volume of 58,042,302 shares, compared to its average volume of 100,923,382. The stock has a 50-day simple moving average of $320.93 and a two-hundred day simple moving average of $325.13. The company has a market capitalization of $1.01 trillion, a PE ratio of 172.29, a PEG ratio of 9.17 and a beta of 2.39. Tesla, Inc. has a twelve month low of $182.00 and a twelve month high of $488.54. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a net margin of 6.66% and a return on equity of 9.02%. The firm had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same quarter in the previous year, the business posted $0.45 earnings per share. On average, equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TSLA shares. Guggenheim reaffirmed a "sell" rating and set a $175.00 price target on shares of Tesla in a research report on Monday, June 23rd. Truist Financial set a $280.00 target price on Tesla in a report on Tuesday, April 22nd. Royal Bank Of Canada dropped their price objective on shares of Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Piper Sandler reaffirmed an "overweight" rating and set a $400.00 price objective on shares of Tesla in a research note on Tuesday, June 10th. Finally, Wells Fargo & Company dropped their price target on shares of 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, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Tesla has a consensus rating of "Hold" and an average price target of $301.60.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 2,564 shares of Tesla stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $285.71, for a total transaction of $732,560.44. Following the sale, the chief financial officer owned 5,924 shares in the company, valued at approximately $1,692,546.04. The trade was a 30.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robyn M. Denholm sold 112,395 shares of Tesla stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $274.12, for a total value of $30,809,717.40. Following the transaction, the director directly owned 85,000 shares in the company, valued at approximately $23,300,200. This trade represents a 56.94% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 833,509 shares of company stock worth $278,648,925. 20.70% of the stock is currently owned by corporate insiders.

Tesla Company 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.