Crew Capital Management Ltd. Trims Holdings in Tesla, Inc. (NASDAQ:TSLA)

Crew Capital Management Ltd. lowered its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 24.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,887 shares of the electric vehicle producer's stock after selling 1,281 shares during the period. Crew Capital Management Ltd.'s holdings in Tesla were worth $1,007,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Cloud Capital Management LLC bought a new position in shares of Tesla in the first quarter worth approximately $430,000. Argentarii LLC boosted its stake in shares of Tesla by 215.3% in the first quarter. Argentarii LLC now owns 3,661 shares of the electric vehicle producer's stock worth $949,000 after acquiring an additional 2,500 shares during the period. Jackson Wealth Management LLC raised its stake in Tesla by 109.6% during the 1st quarter. Jackson Wealth Management LLC now owns 2,169 shares of the electric vehicle producer's stock valued at $562,000 after purchasing an additional 1,134 shares during the period. McGlone Suttner Wealth Management Inc. lifted its holdings in shares of Tesla by 3.0% in the first quarter. McGlone Suttner Wealth Management Inc. now owns 4,395 shares of the electric vehicle producer's stock worth $1,139,000 after buying an additional 128 shares in the last quarter. Finally, Compass Wealth Management LLC boosted its holdings in shares of Tesla by 360.0% during the 1st quarter. Compass Wealth Management LLC now owns 115 shares of the electric vehicle producer's stock valued at $30,000 after purchasing an additional 90 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TSLA shares. The Goldman Sachs Group increased their price target on shares of Tesla from $285.00 to $315.00 and gave the company a "neutral" rating in a report on Thursday. Roth Mkm reduced their target price on shares of Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Cfra Research cut shares of Tesla from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Royal Bank Of Canada reduced their price target on Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Finally, Guggenheim restated a "sell" rating and set a $175.00 target price on shares of Tesla in a research note on Monday, June 23rd. Ten equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $301.60.

Insider Transactions at Tesla

In other news, SVP Xiaotong Zhu sold 15,000 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the completion of the sale, the senior vice president directly owned 67,600 shares of the company's stock, valued at $21,889,556. The trade was a 18.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kimbal Musk sold 91,588 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total value of $32,732,635.32. Following the sale, the director directly owned 1,463,220 shares of the company's stock, valued at approximately $522,940,195.80. This trade represents a 5.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 829,509 shares of company stock valued at $277,648,925 in the last quarter. Insiders own 20.70% of the company's stock.

Tesla Price Performance

Shares of Tesla stock traded down $21.15 during trading on Monday, hitting $294.20. 75,725,530 shares of the company were exchanged, compared to its average volume of 100,836,561. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a fifty-two week low of $182.00 and a fifty-two week high of $488.54. The firm has a 50 day moving average price of $320.93 and a 200 day moving average price of $324.35. The stock has a market capitalization of $947.60 billion, a price-to-earnings ratio of 161.48, a P/E/G ratio of 9.17 and a beta of 2.39.

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 (EPS) for the quarter, missing the consensus estimate 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 net margin of 6.66% and a return on equity of 9.02%. During the same period in the previous year, the company posted $0.45 EPS. On average, equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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.