Dupont Capital Management Corp Sells 7,164 Shares of Tesla, Inc. (NASDAQ:TSLA)

Dupont Capital Management Corp cut its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 21.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,667 shares of the electric vehicle producer's stock after selling 7,164 shares during the period. Dupont Capital Management Corp's holdings in Tesla were worth $6,911,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TSLA. Vista Capital Partners Inc. grew its position in Tesla by 1.4% in the fourth quarter. Vista Capital Partners Inc. now owns 1,969 shares of the electric vehicle producer's stock valued at $795,000 after acquiring an additional 27 shares during the period. Blackston Financial Advisory Group LLC boosted its stake in Tesla by 1.3% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 2,166 shares of the electric vehicle producer's stock worth $875,000 after purchasing an additional 27 shares in the last quarter. Kooman & Associates boosted its stake in Tesla by 2.4% in the fourth quarter. Kooman & Associates now owns 1,188 shares of the electric vehicle producer's stock worth $480,000 after purchasing an additional 28 shares in the last quarter. Rinkey Investments boosted its stake in Tesla by 3.5% in the fourth quarter. Rinkey Investments now owns 860 shares of the electric vehicle producer's stock worth $347,000 after purchasing an additional 29 shares in the last quarter. Finally, New England Capital Financial Advisors LLC boosted its stake in Tesla by 2.6% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,195 shares of the electric vehicle producer's stock worth $483,000 after purchasing an additional 30 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Up 0.0%

Shares of Tesla stock opened at $322.16 on Friday. Tesla, Inc. has a 1 year low of $180.69 and a 1 year high of $488.54. The business has a 50-day moving average of $306.22 and a two-hundred day moving average of $332.14. The company has a market capitalization of $1.04 trillion, a P/E ratio of 177.01, a price-to-earnings-growth ratio of 12.04 and a beta of 2.47. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data 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). The firm 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 9.02% and a net margin of 6.66%. During the same quarter in the previous year, the business posted $0.45 earnings per share. As a group, equities analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Benchmark reissued a "buy" rating and issued a $350.00 price objective on shares of Tesla in a research note on Wednesday, April 23rd. Cowen raised Tesla from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Barclays reduced their price objective on Tesla from $325.00 to $275.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Argus reissued a "hold" rating on shares of Tesla in a research note on Monday, June 9th. Finally, Wedbush reissued an "outperform" rating and issued a $500.00 price objective on shares of Tesla in a research note on Friday. Ten research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Tesla presently has an average rating of "Hold" and a consensus price target of $293.67.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction that occurred 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 $6,737,500. This trade represents a 12.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Xiaotong Zhu sold 15,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total value of $4,857,150.00. Following the completion of the transaction, the senior vice president now owns 67,600 shares of the company's stock, valued at approximately $21,889,556. This represents a 18.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 833,509 shares of company stock worth $278,648,925. 20.70% of the stock is 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.

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