Tesla, Inc. (NASDAQ:TSLA) Stock Position Decreased by Donaldson Capital Management LLC

Donaldson Capital Management LLC reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 77.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,261 shares of the electric vehicle producer's stock after selling 7,825 shares during the period. Donaldson Capital Management LLC's holdings in Tesla were worth $586,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TSLA. Susquehanna Fundamental Investments LLC purchased a new stake in Tesla in the 4th quarter valued at about $56,600,000. Strategic Family Wealth Counselors L.L.C. increased its position in Tesla by 133.7% during the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 2,847 shares of the electric vehicle producer's stock worth $1,150,000 after purchasing an additional 1,629 shares during the last quarter. Harvard Management Co. Inc. purchased a new position in Tesla during the fourth quarter worth approximately $8,158,000. Vontobel Holding Ltd. boosted its holdings in shares of Tesla by 23.0% in the 4th quarter. Vontobel Holding Ltd. now owns 322,300 shares of the electric vehicle producer's stock valued at $130,158,000 after purchasing an additional 60,342 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in Tesla by 451.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 285,121 shares of the electric vehicle producer's stock valued at $115,143,000 after acquiring an additional 233,460 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Price Performance

NASDAQ TSLA traded up $7.92 on Friday, reaching $327.03. The company's stock had a trading volume of 109,008,911 shares, compared to its average volume of 100,774,156. Tesla, Inc. has a twelve month low of $176.92 and a twelve month high of $488.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The firm's 50 day moving average is $297.32 and its two-hundred day moving average is $332.97. The stock has a market cap of $1.05 trillion, a PE ratio of 160.26, a PEG ratio of 5.86 and a beta of 2.47.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results 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). The business had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. Tesla had a return on equity of 10.31% and a net margin of 7.26%. During the same quarter in the previous year, the business posted $0.45 earnings per share. As a group, sell-side analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on TSLA shares. Royal Bank of Canada lowered their price target on Tesla from $314.00 to $307.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Barclays lowered their target price on Tesla from $325.00 to $275.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Guggenheim restated a "sell" rating and issued a $170.00 price target on shares of Tesla in a report on Thursday, April 24th. The Goldman Sachs Group dropped their price objective on shares of Tesla from $295.00 to $285.00 and set a "neutral" rating on the stock in a research note on Friday, June 6th. Finally, Cfra Research downgraded shares of Tesla from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Ten research 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $293.67.

Insider Activity

In related news, CFO Vaibhav Taneja sold 4,000 shares of the company's stock in a transaction that occurred on Monday, April 7th. The shares were 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $285.58, for a total value of $32,096,336.20. Following the completion of the sale, the director now directly owns 85,000 shares of the company's stock, valued at approximately $24,274,300. This trade represents a 56.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 818,509 shares of company stock valued at $273,791,775 over the last three months. Insiders own 20.70% of the company's stock.

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.