Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. lowered its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 26.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,073 shares of the electric vehicle producer's stock after selling 1,833 shares during the quarter. Guyasuta Investment Advisors Inc.'s holdings in Tesla were worth $1,315,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vista Capital Partners Inc. lifted its position in shares of Tesla by 1.4% during the 4th quarter. Vista Capital Partners Inc. now owns 1,969 shares of the electric vehicle producer's stock valued at $795,000 after buying an additional 27 shares in the last quarter. Blackston Financial Advisory Group LLC lifted its holdings in Tesla by 1.3% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 2,166 shares of the electric vehicle producer's stock valued at $875,000 after purchasing an additional 27 shares in the last quarter. Kooman & Associates lifted its holdings in Tesla by 2.4% during the fourth quarter. Kooman & Associates now owns 1,188 shares of the electric vehicle producer's stock valued at $480,000 after purchasing an additional 28 shares in the last quarter. Rinkey Investments lifted its holdings in Tesla by 3.5% during the fourth quarter. Rinkey Investments now owns 860 shares of the electric vehicle producer's stock valued at $347,000 after purchasing an additional 29 shares in the last quarter. Finally, New England Capital Financial Advisors LLC lifted its stake in Tesla by 2.6% in the 4th quarter. New England Capital Financial Advisors LLC now owns 1,195 shares of the electric vehicle producer's stock valued at $483,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Insider Activity

In related news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the firm's 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 sale, the director now owns 855,394 shares of the company's stock, valued at $305,632,276.20. This trade represents a 35.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $350.00, for a total transaction of $350,000.00. Following the completion of the sale, the chief financial officer now directly owns 1,950 shares in the company, valued at approximately $682,500. This trade represents a 33.90% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 833,509 shares of company stock worth $278,648,925. Corporate insiders own 20.70% of the company's stock.

Analysts Set New Price Targets

TSLA has been the topic of a number of research reports. Robert W. Baird reaffirmed a "neutral" rating and issued a $320.00 price target on shares of Tesla in a research note on Monday, June 9th. JPMorgan Chase & Co. decreased their target price on Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 23rd. Wedbush restated an "outperform" rating and issued a $500.00 target price on shares of Tesla in a research report on Friday. Oppenheimer restated a "mixed" rating on shares of Tesla in a report on Tuesday, March 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Tesla from $420.00 to $345.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Ten equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $293.67.

Tesla Stock Up 0.0%

Shares of TSLA traded up $0.11 during mid-day trading on Friday, hitting $322.16. 108,229,033 shares of the company's stock were exchanged, compared to its average volume of 101,151,146. The company has a market cap of $1.04 trillion, a price-to-earnings ratio of 177.01, a P/E/G ratio of 12.05 and a beta of 2.47. Tesla, Inc. has a fifty-two week low of $182.00 and a fifty-two week high of $488.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.54 and a current ratio of 2.00. The stock's 50-day moving average is $306.22 and its 200-day moving average is $331.96.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results 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 business had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. Tesla had a return on equity of 9.02% and a net margin of 6.66%. During the same quarter last year, the company earned $0.45 earnings per share. On average, sell-side analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

About Tesla

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.