IFG Advisory LLC decreased its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 6.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,676 shares of the electric vehicle producer's stock after selling 1,103 shares during the period. IFG Advisory LLC's holdings in Tesla were worth $4,063,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Eagle Capital Management LLC bought a new position in Tesla during the fourth quarter valued at approximately $331,000. Brighton Jones LLC boosted its stake 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 valued at $35,509,000 after purchasing an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock valued at $2,147,000 after purchasing an additional 931 shares during the last quarter. Mascagni Wealth Management Inc. purchased a new position in Tesla in the 4th quarter worth $346,000. Finally, Highview Capital Management LLC DE bought a new stake in Tesla in the fourth quarter worth $2,367,000. Hedge funds and other institutional investors own 66.20% of the company's stock.
Analyst Ratings Changes
TSLA has been the topic of a number of recent research reports. Truist Financial set a $280.00 price objective on Tesla in a research note on Tuesday, April 22nd. Morgan Stanley restated an "overweight" rating and set a $410.00 target price on shares of Tesla in a report on Friday, June 6th. Roth Mkm decreased their price target on Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. The Goldman Sachs Group dropped their price objective on Tesla from $315.00 to $285.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 23rd. Ten investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, seventeen have assigned a buy rating and one has assigned 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 $303.31.
Get Our Latest Analysis on Tesla
Insider Transactions at Tesla
In related news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total transaction of $170,636,475.60. Following the sale, the director directly owned 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 15,000 shares of Tesla stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $323.81, for a total value of $4,857,150.00. Following the completion of the sale, the senior vice president owned 67,600 shares of the company's stock, valued at $21,889,556. The trade was a 18.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 719,119 shares of company stock valued at $246,186,549. Insiders own 20.70% of the company's stock.
Tesla Stock Down 1.8%
Shares of Tesla stock opened at $302.63 on Friday. The company has a 50-day simple moving average of $322.22 and a two-hundred day simple moving average of $311.84. The stock has a market capitalization of $976.12 billion, a PE ratio of 174.93, a price-to-earnings-growth ratio of 10.83 and a beta of 2.33. Tesla, Inc. has a 52-week low of $182.00 and a 52-week high of $488.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04.
Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The firm had revenue of $22.50 billion during the quarter, compared to analysts' expectations of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%. Tesla's revenue was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 earnings per share. On average, analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.
Tesla Company Profile
(
Free Report)
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.
Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Tesla, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tesla wasn't on the list.
While Tesla currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.