Fort Sheridan Advisors LLC Trims Holdings in Tesla, Inc. (NASDAQ:TSLA)

Fort Sheridan Advisors LLC lowered its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 41.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,398 shares of the electric vehicle producer's stock after selling 1,669 shares during the period. Fort Sheridan Advisors LLC's holdings in Tesla were worth $621,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TSLA. Eagle Capital Management LLC bought a new stake in Tesla during the fourth quarter valued at approximately $331,000. Brighton Jones LLC lifted its holdings in shares of Tesla by 11.8% in the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after acquiring an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Tesla by 21.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock worth $2,147,000 after acquiring an additional 931 shares during the last quarter. Mascagni Wealth Management Inc. bought a new stake in shares of Tesla in the 4th quarter worth approximately $346,000. Finally, Highview Capital Management LLC DE bought a new stake in shares of Tesla in the 4th quarter worth approximately $2,367,000. 66.20% of the stock is currently owned by institutional investors.

Insider Transactions at Tesla

In other news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $357.30, for a total value of $170,636,475.60. Following the transaction, the director owned 855,394 shares in the company, valued at $305,632,276.20. This represents a 35.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kimbal Musk sold 91,588 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the completion of the transaction, the director owned 1,463,220 shares in the company, valued at $522,940,195.80. This trade represents a 5.89% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 835,509 shares of company stock worth $279,420,485. 20.70% of the stock is currently owned by corporate insiders.

Tesla Stock Performance

TSLA traded up $3.64 during midday trading on Friday, hitting $313.51. 78,861,329 shares of the company traded hands, compared to its average volume of 99,596,575. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $1.01 trillion, a PE ratio of 172.26, a price-to-earnings-growth ratio of 9.33 and a beta of 2.39. The company's 50-day moving average is $322.60 and its 200 day moving average is $320.26. Tesla, Inc. has a 52 week low of $182.00 and a 52 week high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results 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). Tesla had a net margin of 6.66% and a return on equity of 9.02%. The company had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $22.93 billion. During the same quarter in the prior year, the company posted $0.45 EPS. On average, research analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

TSLA has been the subject of a number of recent research reports. William Blair lowered shares of Tesla from an "outperform" rating to a "market perform" rating in a report on Monday, July 7th. Roth Mkm lowered their price objective on shares of Tesla from $450.00 to $395.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. UBS Group set a $290.00 price objective on shares of Tesla in a report on Monday, June 30th. Robert W. Baird reaffirmed a "neutral" rating and issued a $320.00 target price on shares of Tesla in a research note on Monday, June 9th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $400.00 target price on shares of Tesla in a research note on Tuesday, June 10th. Ten analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Tesla currently has an average rating of "Hold" and a consensus price target of $300.19.

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.