Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Integrated Advisors Network LLC

Integrated Advisors Network LLC reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,804 shares of the electric vehicle producer's stock after selling 1,002 shares during the quarter. Tesla comprises about 0.6% of Integrated Advisors Network LLC's portfolio, making the stock its 26th biggest position. Integrated Advisors Network LLC's holdings in Tesla were worth $12,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Vista Finance LLC boosted its position in shares of Tesla by 0.7% during the fourth quarter. Vista Finance LLC now owns 3,510 shares of the electric vehicle producer's stock worth $1,417,000 after purchasing an additional 25 shares in the last quarter. Jmac Enterprises LLC increased its stake in Tesla by 0.7% in the 4th quarter. Jmac Enterprises LLC now owns 3,884 shares of the electric vehicle producer's stock valued at $1,569,000 after buying an additional 26 shares during the last quarter. TFB Advisors LLC raised its holdings in Tesla by 0.5% during the fourth quarter. TFB Advisors LLC now owns 5,213 shares of the electric vehicle producer's stock worth $2,105,000 after acquiring an additional 27 shares in the last quarter. Vista Capital Partners Inc. boosted its holdings in shares of Tesla by 1.4% in 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 during the last quarter. Finally, Blackston Financial Advisory Group LLC raised its holdings in shares of Tesla by 1.3% in the 4th 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 during the period. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Up 0.1%

Shares of NASDAQ TSLA traded up $0.45 during midday trading on Thursday, hitting $326.88. The company's stock had a trading volume of 56,167,092 shares, compared to its average volume of 100,511,405. Tesla, Inc. has a 1 year low of $169.80 and a 1 year high of $488.54. The business's fifty day simple moving average is $295.60 and its two-hundred day simple moving average is $333.11. The firm has a market capitalization of $1.05 trillion, a price-to-earnings ratio of 160.24, a price-to-earnings-growth ratio of 5.86 and a beta of 2.47. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The business had revenue of $19.34 billion during the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter in the previous year, the company posted $0.45 EPS. On average, equities analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TSLA shares. Deutsche Bank Aktiengesellschaft decreased their target price on Tesla from $420.00 to $345.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research report on Wednesday, April 23rd. Guggenheim reaffirmed a "sell" rating and issued a $170.00 target price on shares of Tesla in a report on Thursday, April 24th. Royal Bank of Canada decreased their price target on shares of Tesla from $314.00 to $307.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Finally, Bank of America dropped their target price on Tesla from $490.00 to $380.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Ten investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Tesla has a consensus rating of "Hold" and an average price target of $293.67.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the sale, the chief financial officer now owns 26,950 shares of the company's stock, valued at approximately $6,737,500. The trade was a 12.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kimbal Musk sold 91,588 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $357.39, for a total transaction of $32,732,635.32. Following the completion of the sale, the director now directly owns 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. In the last quarter, insiders sold 818,509 shares of company stock worth $273,791,775. 20.70% of the stock is owned by insiders.

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.