Lee Johnson Capital Management LLC Has $3.67 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Lee Johnson Capital Management LLC trimmed its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 13.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,153 shares of the electric vehicle producer's stock after selling 2,232 shares during the quarter. Tesla accounts for 1.9% of Lee Johnson Capital Management LLC's portfolio, making the stock its 19th largest position. Lee Johnson Capital Management LLC's holdings in Tesla were worth $3,668,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TSLA. Norges Bank acquired a new position in shares of Tesla in the fourth quarter valued at $14,420,248,000. FMR LLC grew its position in Tesla by 40.1% in the fourth quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock valued at $13,997,660,000 after acquiring an additional 9,920,325 shares during the period. GAMMA Investing LLC grew its position in Tesla by 27,378.6% in the first quarter. GAMMA Investing LLC now owns 9,812,316 shares of the electric vehicle producer's stock valued at $2,542,960,000 after acquiring an additional 9,776,607 shares during the period. Massachusetts Financial Services Co. MA grew its position in Tesla by 4,963.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,834,707 shares of the electric vehicle producer's stock valued at $2,356,288,000 after acquiring an additional 5,719,466 shares during the period. Finally, Northern Trust Corp grew its position in Tesla by 21.6% in the fourth quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock valued at $11,541,592,000 after acquiring an additional 5,075,418 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Up 4.7%

Shares of NASDAQ TSLA traded up $13.88 during mid-day trading on Thursday, reaching $309.76. 95,622,038 shares of the company's stock were exchanged, compared to its average volume of 100,498,211. The firm has a market capitalization of $997.71 billion, a price-to-earnings ratio of 170.20, a PEG ratio of 8.86 and a beta of 2.39. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of $321.49 and a 200 day simple moving average of $323.10. Tesla, Inc. has a twelve month low of $182.00 and a twelve month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last announced 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). Tesla had a net margin of 6.66% and a return on equity of 9.02%. The firm had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same period in the prior year, the business posted $0.45 EPS. As a group, equities analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 6,000 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $341.02, for a total value of $2,046,120.00. Following the completion of the sale, the chief financial officer directly owned 1,950 shares in the company, valued at $664,989. The trade was a 75.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ira Matthew Ehrenpreis sold 477,572 shares of the business's stock in a transaction 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 completion of the sale, the director 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 835,509 shares of company stock worth $279,420,485. Corporate insiders own 20.70% of the company's stock.

Analyst Ratings Changes

TSLA has been the topic of a number of analyst reports. Raymond James Financial cut Tesla to an "outperform" rating in a research report on Tuesday, April 22nd. Cfra Research cut Tesla from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Piper Sandler reiterated an "overweight" rating and issued a $400.00 price target on shares of Tesla in a research report on Tuesday, June 10th. Robert W. Baird restated a "neutral" rating and set a $320.00 target price on shares of Tesla in a report on Monday, June 9th. Finally, BNP Paribas set a $137.00 target price on Tesla and gave the stock an "underperform" rating in a report on Wednesday, April 16th. Ten investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Tesla has an average rating of "Hold" and an average price target of $301.13.

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.